China and US discuss plans for trade talks

  • People buy latest iPhone while others try out its latest model at an Apple Store in Beijing, Tuesday, Dec. 11, 2018. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive.

    People buy latest iPhone while others try out its latest model at an Apple Store in Beijing, Tuesday, Dec. 11, 2018. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive. Associated Press

  • A woman walks by a shelve displaying bottles of American wine for sale at a supermarket in Beijing, Tuesday, Dec. 11, 2018. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive.

    A woman walks by a shelve displaying bottles of American wine for sale at a supermarket in Beijing, Tuesday, Dec. 11, 2018. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive. Associated Press

  • FILE - In this Sept. 16, 2018, file photo, a driver looks out from his trishaw decorated with an American flag and Chinese flags in Beijing. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, Dec. 11, 2018, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive.

    FILE - In this Sept. 16, 2018, file photo, a driver looks out from his trishaw decorated with an American flag and Chinese flags in Beijing. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, Dec. 11, 2018, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive. Associated Press

  • People line up at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou, the chief financial officer of telecommunications giant Huawei and daughter of its founder, was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. (Jonathan Hayward/The Canadian Press via AP)

    People line up at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou, the chief financial officer of telecommunications giant Huawei and daughter of its founder, was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. (Jonathan Hayward/The Canadian Press via AP) Associated Press

 
 
Updated 12/11/2018 3:25 PM

BEIJING -- China's economy czar and U.S. trade envoys discussed plans for talks on a tariff battle, the government said Tuesday, indicating that negotiations are going ahead despite tension over the arrest of a Chinese tech executive.

Vice Premier Liu He talked by phone with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer about "the promotion of the next economic and trade consultations," said a two-sentence Commerce Ministry statement. It gave no other details. Lighthizer's office confirmed the phone call with Liu but provided no additional information.

                                                                                                                                                                                                                       
 

The announcement indicated that talks are on track despite China's weekend threats of unspecified "grave consequences" if the Huawei Technologies Ltd. executive isn't released. She was arrested in Canada on U.S. charges of possible violations of trade sanctions on Iran.

Later Tuesday, President Donald Trump tweeted that discussions between the world's two largest economies have been "very productive" and that "some important announcements" regarding the trade talks are coming. He didn't elaborate. But his White House counselor Kellyanne Conway cited news reports that China appears to be moving toward reducing tariffs on cars made in the U.S. to 15 percent from 40 percent.

Trump agreed on Dec. 1 to postpone more U.S. tariff hikes on Chinese goods for 90 days while the two sides negotiate over American complaints about Beijing's technology policies.

The Huawei chief financial officer, Meng Wanzhou, was arrested the same day in Vancouver, British Columbia. Despite that, the Commerce Ministry said last week that Beijing would carry out terms of the cease-fire and expressed optimism a deal can be reached during the 90-day period.

by signing up you agree to our terms of service
                                                                                                                                                                                                                       
 

The Chinese government raised more doubts over the weekend when it demanded Canada and the United States withdraw the charges and release Meng, the daughter of Huawei founder Ren Zhengfei, or face unspecified "grave consequences."

Trump approved tariff hikes of 25 percent on $50 billion of Chinese goods and 10 percent on another $200 billion of imports in response to complaints Beijing steals or pressures companies to hand over technology.

China retaliated with penalties on $110 billion of American goods but is running out of imports for retaliation due to their lopsided trade balance. Trump has threatened to expand charges to all goods from China.

___

Chinese Ministry of Commerce (in Chinese): www.mofcom.gov.cn

0 Comments
                                                                                                                                                                                                                       
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.