China says talks with U.S. continue amid trade war
WASHINGTON - U.S. President Donald Trump on Tuesday called the trade war with China “a little squabble” and insisted talks between the world’s two largest economies had not collapsed, as investors remained on guard for a further escalation of tit-for-tat tariffs.
“We have a dialogue going. It will always continue,” said the U.S. president, who has announced plans to meet Chinese President Xi Jinping at a G20 summit in Japan late next month. Trump described the dialogue with China as “very good” and touted his “extraordinary” relationship with Xi. “As for how they are pursued, I think that hinges upon further consultations between the two sides,” Geng said.
Senate Majority Leader Mitch McConnell said on Tuesday that “nobody wins a trade war” but he hoped Trump’s tactics in negotiations China would put the United States in a better position to move talks forward with Beijing.As negotiations toward resolving the U.S.-China trade war stalled last week, the United States raised the pressure by increasing tariffs to 25% from 10% on a previous, $200 billion list of Chinese imports.
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