WASHINGTON, August 24. /TASS/. The representatives of the United States and China on Thursday concluded a two-day negotiations to resolve trade issues on the outcome of consultations members of delegations will report to senior management. This is stated in a statement released by the Deputy press Secretary of the White house Lindsey Walters.
“We have concluded two days of discussions with colleagues from China, and exchanged views on how to achieve fairness, balance and reciprocity in economic relations, including by responding to structural issues in China, as set out in the 301st article [of the us trade act of 1974]”, – stated in the document.
“We thank the Chinese delegation for the fact that she arrived in the United States to conduct these meetings. The US delegation will give a briefing to his superiors about the discussions,” said Walters, while not mentioning that, did the parties reach any consensus about solutions to the current problems in trade relations. The Chinese delegation headed by Vice Minister of Commerce Wang Showanim is in Washington on August 22.
The Chinese government on Thursday imposed a retaliatory duty of 25% on American imports with a total value of $16 billion As reported by China Central television, they took effect at 12:01 local time (07:01 MSK).
Earlier, the Ministry of Commerce of China expressed a protest in connection with the introduction of the USA of the second set of duties and announced the intention of Beijing to make the necessary response. As noted in a Thursday statement of the Ministry, China plans to initiate proceedings in the world trade organization.
Thursday started fee at the rate of 25% on imported from China in the USA goods which total cost is estimated at $16 billion In the office of U.S. representative for trade negotiations Robert Leitheiser stated that this list includes 279 items of Chinese products.
Entered into Thursday’s duty – the second part of the announced Leithauser 25 percent tariffs on imported Chinese goods worth $50 billion. the First part of the duties for which the goods came to $34 billion, was introduced on 6 July.