A new round of high-level economic and trade consultations between China and the United States will begin soon.
Early on October 8th, Xinhua News Agency issued the latest news.
Liu He was invited to hold a new round of Sino US economic and trade consultations in the US.
At the invitation if the US side, members of the Political Bureau of the CPC Central Committee, vice premier of the State Council, and Liu He, the Chinese leader of the Sino US comprehensive economic dialogue, will lead a delegation to Washington. From October 10th to 11th, a new round of Sino US economic and trade consultations with the US trade representative, Mr. Lettchet and finance minister Mnuchin, will be held.
Over the past two months, the tense situation of China, the US head of state after the Osaka meeting, has been repeatedly and escalated.
This round of consultation was held before the “ice” of tariffs was broken and the confrontation between China and the United States was not completely eased. The characteristics of talks and fights were outstanding.
Everyone is very concerned and full of doubts.
In order to help you better understand the background of this negotiation, we have sorted out the facts that have taken place since the end of the twelve rounds of consultation and discussed out understanding in light of the new situation.
·In August 1st, the US side threatened to impose a 10% tariff on the remaining US $300 billion worth of goods from China since September 1st.
·On August 2nd, a spokesman for China's Ministry of Commerce made a statement, saying that if the US imposed tariff measures, China would have to take the necessary counter measures.
·In August 6th, related enterprises in China suspended the purchase of new US agricultural products.
·On August 13th, Vice Premier Liu He met with the US trade representative, Mr. lettse, and finance minister Mnuchin. The Chinese side made solemn representations on the US side's tariffs on goods exported to China in September 1st.
·In August 14th, the office of the United States Trade Representative (USTR) announced a tariff list of about 300 billion US dollars plus 10% of China's exports to the United States, which came into effect in September and December.
·On August 23, China announced that it had decided to impose tariffs on imports originating in the United States of America of about $75 billion, twice in September and December, and at the same time decided to resume tariffs on automobiles and parts originating in the United States.