China appeals to Washington for quick end to trade war

Image
AP Beijing
Last Updated : Oct 17 2019 | 3:00 PM IST

China's government has appealed to Washington to negotiate a quick end to their tariff war but gave no indication what additional steps Beijing might want to see before it carries out what President Donald Trump says is a promise to buy up to $50 billion of American farm goods.

A Ministry of Commerce spokesman, Gao Feng, said Thursday achieving "phased results" would restore business confidence and help to stabilize the global economy.

Trump agreed Friday to delay a planned tariff hike and said Beijing would buy American exports. But the two sides have yet to put the deal on paper.

Gao gave no indication whether Beijing wanted additional negotiations or the lifting of punitive tariffs already in place before it starts purchases.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 17 2019 | 3:00 PM IST

Next Story