You are here: Home » International » News » Others
Business Standard

US, China officials to hold talks in Buenos Aires ahead of Trump, Xi meet

China and the US are currently locked in an ongoing trade war as each country has introduced tariffs on goods traded between each other

Press Trust of India  |  Beijing 

US China trade war, US , China, tariff hike, donald trump, Chinese goods, wto, world trade organisation,  US tariff hikes, global trade war, American goods

Top officials from China and the US will hold talks in over the trade deadlock between the two giant economies, ahead of the meeting between President and his Chinese counterpart

China and the US are currently locked in an ongoing trade war as each country has introduced on goods traded between each other. Trump has promised to fix China's "longtime abuse of the broken system and unfair practices".

Trump, who is demanding China to cut down $ 375 billion trade deficit, has imposed on $ 250 billion and threatened to impose on the remaining $ 265 billion.

Trump and Xi plan to meet in on the side-lines of G20 meeting on December 1.

Previously, the Chinese vice premier and Xi's confidant Liu He was planning to fly to Washington for talks with the US delegation led by US Treasury Secretary Steven Mnuchin.

The plan had been adjusted after "work-level discussions" between Beijing and Washington, Hong Kong based South China Morning Post quoted a Chinese official sources as saying.

"The latest plan is that the trade negotiation teams of the two countries will meet in Buenos Aires," the report quoted him as saying.

The change in the plan was partly intended to ensure the talks would have a more direct effect on the meeting between Xi and during the G20 summit, the report said.

The change, if confirmed, suggests that stakes will be raised for the leaders' meeting with more weighty matters likely to be on the agenda.

It will also mark for the first time that bilateral trade negotiations between the world's two biggest economies have taken place in a third-party country, the report said.

The progress of the scheduled trade talks will have a direct effect on the meeting between Xi and Trump.

The Post had previously reported that the two state leaders will meet for a dinner on December 1 immediately after the end of the G20 meeting at Trump's invitation.

First Published: Sun, November 18 2018. 18:35 IST