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China, US Authorities Discuss Trade Negotiations

China, US Authorities Discuss Trade Negotiations

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Dec 2018 6:32 AM GMT

Beijing: Authorities from China and the US on Wednesday discussed the 90-day truce aimed at putting an end to the trade war between the two countries, China’s Commerce Ministry said.

In a statement on its official website, the Ministry said it the two sides held a phone call at a “vice-ministerial level” about economic and trade issues that concern both nations. China did not reveal the proposals discussed over the call, or if a new agreement had been reached, Efe news reported.

Chinese President Xi Jinping and his US counterpart Donald Trump agreed to a 90-day truce on December 1 during the G20 summit in the Argentinian capital of Buenos Aires.

Since then, China has adopted several goodwill measures, including a tariff reduction on imported US vehicles and the resumption of American soy bean purchases.

Trump, on his part, halted a proposal that would have raised tariffs on over $200 billion of Chinese goods from 10 to 25 per cent. (IANS)

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