Trump says China trade talks resume Thursday 'at a different level'


President Donald Trump speaks during the G7 summit in Biarritz, France, August 26, 2019.

Carlos Barria | Reuters

President Donald Trump said the U.S. and China are set to have trade talks on Thursday "at a different level."

"There's a talk scheduled for today at different levels," Trump said.

"Trump said." Let's see what the end product is;

A White House official CNBC told "both sides remain in communication at various levels."

Trump said Monday that in recent phone conversations expressed his desire for a deal and that two sides However, China repeatedly said it is not aware of the calls Trump mentioned.

The trade tensions escalated last week with both sides piling on new tariffs. China softened its stance Thursday China also said the Chinese and U.S. trade delegations have maintained "effective" communication.

"China has plenty of countermeasures, but under the current situation, the question that should be discussed right now is about removing the US ′ new tariffs on $ 550 billion in Chinese goods to prevent escalation of the war," Gao Feng, spokesman for China's Ministry of Commerce, said Thursday.

His comment came after Trump on Friday threatened to raise duties on $ 250 billion in Chinese goods to 30% from 25% and increase tariffs on another $ 300 billion in products to 15% from 10%, in response to Chinese retaliation.

The two sides were also expected to meet face to face in September in Washington.

– CNBC's Kevin Breuninger contributed reporting.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.