United States  

U.S. and China to hold high-level trade talks

Video Credit: Reuters Studio - Duration: 01:04s - Published
U.S. and China to hold high-level trade talks

U.S. and China to hold high-level trade talks

China's commerce ministry said that Washington and Beijing have agreed to hold high-level talks on the on-going trade war between the two in October, after a call between U.S. Trade Representative Robert Lighthizer, U.S. Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

Jayson Albano reports.

0
shares
ShareTweetSavePostSend
 

A new round of high-level trade talks between China and the U.S. is set for early October in Washington, as the escalating trade war between the two countries sparks fears of a global recession.

The announcement came from China's commerce ministry on Thursday (September 5), following a call earlier in the day between China's Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.

A spokesman from Lighthizer's office confirmed that the pair spoke with Liu and agreed to hold the talks.

As the trade war rages on, retaliatory tariffs have become the new normal for the world's two biggest economies.

Washington slapped a fifteen percent tariff on certain Chinese imports on Sunday (September 1), as Beijing began placing new taxes on U.S. crude oil.

On October 1st, Washington also plans to increase an existing tariff on 250 billion dollars' worth of Chinese imports, from twenty five percent to thirty.

And U.S. President Donald Trump warned on Tuesday (September 2), he would be tougher on Beijing in a second term if trade talks continued to drag on.




💡 One News Page Knowledge: Other News Mentions

Robert Lighthizer Robert Lighthizer US Trade Representative

Trump renews threat to cut ties with Beijing [Video]

Trump renews threat to cut ties with Beijing

The U.S. president contradicted his own trade ambassador's stance, and relations between the world's two largest economies are at their lowest point in years. This report produced by Zachary Goelman.

Credit: Reuters Studio    Duration: 01:37Published

Steven Mnuchin Steven Mnuchin 77th and current United States Secretary of the Treasury

Administration Reaches Out to Democrats on Stimulus Bill

Treasury Secretary Steven Mnuchin talked with Speaker Nancy Pelosi for the first time since negotiations on a new coronavirus relief bill collapsed, but neither..
NYTimes.com

Dems say Mnuchin offered to meet but refused to budge on COVID bill

Top Democrats say Mnuchin made an "overture" to meet but made it clear "the White House is not budging" in negotiations.
CBS News

Trump donated to Kamala Harris years ago. His campaign says it shows he's not racist.

Ivanka Trump and Treasury Secretary Steve Mnuchin also gave money to Harris in the past.
CBS News
No sign of talks resuming on U.S. aid deal [Video]

No sign of talks resuming on U.S. aid deal

Talks between the White House and top Democrats in Congress over a U.S. coronavirus aid package remained stalled on Wednesday, with neither side budging. This report produced by Chris Dignam.

Credit: Reuters - Politics    Duration: 01:12Published
Pelosi, Mnuchin signal openness to resume aid talks [Video]

Pelosi, Mnuchin signal openness to resume aid talks

[NFA] U.S. House Speaker Nancy Pelosi on Sunday urged a restart of congressional talks on extending coronavirus aid, saying executive actions taken by President Donald Trump a day earlier would have little immediate impact on Americans facing economic distress amid the pandemic. This report produced by Yahaira Jacquez.

Credit: Reuters - Politics    Duration: 01:28Published

Beijing Beijing Capital of the People's Republic of China

'Our relation with China should be on reciprocity': Former Ambassador to Uzbekistan [Video]

'Our relation with China should be on reciprocity': Former Ambassador to Uzbekistan

Former Ambassador to Uzbekistan and Republic Of Korea, Skand Ranjan Tayal accused the Chinese ambassador in Delhi of spreading lies. He said, "The Chinese ambassador in New Delhi is spreading lies in India. He is misusing Indian hospitality and speaking in different forums and spreading lies. Only those privileges given to our ambassador in Beijing should be reciprocated."

Credit: ANI    Duration: 01:33Published

Scope of Typhoon Haiyan destruction still unclear

CBS News' Seth Doane reports from Beijing on the varying reports of destruction from the deadly typhoon that struck southeast Asia.
CBS News

The Fast Draw: A Tale of Two Cities

At first glance, many cities appear to be big, sprawling, spread-out affairs that take on lives of their own. But one scientist believes that, while urban areas..
CBS News

"Fight on!": Pro-democracy media mogul released in Hong Kong

Jimmy Lai implored staffers of his Apple Daily newspaper to keep publishing the kinds of stories that infuriate Beijing – and that led to his arrest.
CBS News
Already responded to China in different ways: Trump on Chinese sanctions [Video]

Already responded to China in different ways: Trump on Chinese sanctions

US President Donald Trump on Monday said that the US "has already responded" in many ways to the sanctions posed by Beijing on American officials and added that phase-1 deal with China means "very little". Trump told reporters here. He asserted that China should not have allowed the global spread of COVID-19. Trump further went on to say that China is treated "way more differently" than the US. Speaking about the Iran and US deal, the US President said, "Iran would make a deal with the US within a month if he wins the elections in November". However, with regard to a deal with China, he said that Washington "may not want" to have a deal with Beijing.

Credit: ANI    Duration: 02:22Published

Donald Trump Donald Trump 45th president of the United States

UPS, FedEx warn they cannot carry ballots like USPS [Video]

UPS, FedEx warn they cannot carry ballots like USPS

United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. Freddie Joyner has more.

Credit: Reuters - Politics    Duration: 02:10Published

FEMA announces first states to receive grant replacing lost wages

Arizona, Iowa, Louisiana and New Mexico will be the first four states to receive the lost wages grants set up by President Trump.
CBS News

Postal Crisis Ripples Across Nation as Election Looms

President Trump’s furious objection to mail-in balloting and a new Trump-allied postmaster general are raising fears about the election and the Postal Service.
NYTimes.com

Trump Campaign Makes Huge Digital Ad Buy During Democratic Convention

The Trump campaign is trying to make sure that Mr. Trump’s message will be almost impossible to miss even during the Democrats’ biggest week.
NYTimes.com

'This is a political calculation': Romney criticizes Trump's mail-in voting attacks

Sen. Mitt Romney, R-Utah, defended mail-in voting in the wake of President Donald Trump's attacks on the system.

USATODAY.com

You Might Like

Related news from verified sources

Global stocks are jumping after China says trade talks with the US will resume in October

Global stocks are jumping after China says trade talks with the US will resume in October · *Stocks are rallying on Thursday after both China and the US said that trade talks would resume in...
Business Insider - Published Also reported by •Seattle Times


Next Round Of U.S. China Trade Talks Are Unlikely To End The Trade War

China has granted tariff waivers to a small number of U.S. exports, as the two countries prepare for...
NPR - Published Also reported by •Seattle Times


Trump Warns China Not to Delay Trade Talks

President Donald Trump said on Tuesday that trade talks between the United States and China were...
Newsmax - Published


Tweets about this


Related videos from verified sources

Wall St. ends higher as trade fears recede [Video]

Wall St. ends higher as trade fears recede

U.S. stocks rallied on Monday as investors set aside worries about the U.S.-China trade war. Conway G. Gittens has the trading action.

Credit: Reuters Studio     Duration: 01:41Published
How To Approach the October 10 U.S.- China Trade Talks [Video]

How To Approach the October 10 U.S.- China Trade Talks

The trade talks are coming up. The U.S. and China will sit down to talk trade on October 10. TheStreet's managing editor Jerry Kronenberg and Real Money contributor Chris Versace sat down with..

Credit: The Street     Duration: 01:47Published
Why Investors Should Cut Through the U.S.-China News [Video]

Why Investors Should Cut Through the U.S.-China News

We're a little more than a week away from the U.S. and China sitting down to talk trade. But, before we even get to the talks, there were reports on Friday that the U.S. was considering blocking..

Credit: The Street     Duration: 01:35Published