Washington/Beijing — China has welcomed a US invitation to hold a new round of trade talks, as Washington prepares to further escalate the US-China trade war with tariffs on $200bn worth of Chinese goods. The Trump administration had invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan. Chinese foreign ministry spokesman Geng Shuang told reporters on Thursday that China had received the invitation and welcomed it. The two countries were discussing the details. "China has always held that an escalation of the trade conflict is not in anyone’s interests. In fact, from last month’s preliminary talks in Washington, the two sides’ trade talk teams have maintained various forms of contact, and held discussions on the concerns of each side," he said. Larry Kudlow, who heads the White House Economic Council, told Fox Business Network that US treasury secretary ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.