US: A US trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to US bullying if need be and hit back, but it prefers to negotiate.
A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two-day visit, though they may find a short-term fix.
The discussions, led by U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, are expected to cover a wide range of U.S. complaints about China’s trade practices.
BEIJING (Reuters) – A U.S. trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying if need be and hit back, but it was better to work things out at the negotiating table.
A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two-day visit, though a package of short-term Chinese measures could delay a U.S. decision to impose tariffs on about $50 billion worth of Chinese exports.
The discussions, led by U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, are expected to cover a wide range of U.S. complaints about China’s trade practices, from accusations of forced technology transfers to state subsidies for technology development.
“Thrilled to be here. Thank you,” Mnuchin told Reuters upon arriving at his hotel, when asked if he expected progress. He made no other comments.
