26 Mar '18, 5am

China and US begin behind-the-scenes negotiations amid trade tensions: Report - The Straits Times

NEW YORK (REUTERS, AFP) - China and the United States have begun behind-the-scenes negotiations to improve American access to the Chinese domestic market, the Wall Street Journal (WSJ) said on Sunday (March 25). News of the talks follow days rife with tension, raising the spectre of a trade war between the world’s top economies following US President Donald Trump's announcement last Thursday (March 22) of plans for tariffs on up to US$60 billion (S$78.79 billion) of Chinese goods.. Firing a retaliatory warning shot in response to separate US tariffs on steel and aluminium, China declared plans to levy additional duties on up to US$3 billion of US imports. WSJ said the discussions – led by China’s economic czar Liu He, US Treasury Secretary Steve Mnuchin and US trade representative Robert Lighthizer – cover topics including manufacturing and financial services, citing anony...

Full article: http://www.straitstimes.com/asia/east-asia/us-sends-china...

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