Tag: Vice Premier Liu He
'The longer the tariffs are in place, the greater the damage it will be for China and global growth.'
Trump is aiming at the US$325 billion in Chinese goods that are so far untouched by the trade war to tax those with a punitive tariff of 25%.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Monday cast doubt on the talks due to China had backtracked on previous commitments.
US companies are also shifting factory investments in the wake of the China trade tiff, which a trio of economists estimate has already cost US consumers and companies US$19.2 billion.
China's Xi Jinping Xi is in high hope as he mentioned in a letter to Trump that relations were at a 'critical' stage and that he hoped 'our two sides will continue to work with mutual respect'
Germany and China are both willing to demonstrate that the world remains multilateral despite the US tariff dispute with China.