US Commerce Secretary in China for talks to avoid trade war
US Commerce Secretary Wilbur Ross arrived in Beijing today for talks aiming to ease tensions over tariffs that have heightened fears of a trade war between the world's two biggest economies, Chinese state media said.
Despite announcing a truce earlier this month, the United States is working to finalise planned sanctions on Beijing -- including restrictions on Chinese investment, export controls and 25 percent tariffs on USD 50 billion in Chinese tech goods.
China has threatened to hit back with tit-for-tat tariffs on tens of billions of dollars in US goods.
Ross will stay in the Chinese capital until Sunday, a US government official told AFP. His visit comes as fears of an all-out global trade war intensified after the European Union,
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