China says in principle door is open to talks with US on trade

BEIJING: China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.
The United States and China have threatened tit-for-tat tariffs on goods worth up to $150 billion each, as US President Donald Trump has pushed Beijing to open its economy further and address the United States’ large trade deficit with China.
The two countries ended their latest round of negotiations on Sunday, with US Commerce Secretary Wilbur Ross and his delegation leaving Beijing without making a public statement, and China making no mention of any new agreements.
Following Chinese Vice Premier Liu He’s talks with Ross, China referred instead to a consensus reached last month in Washington, when China agreed to increase significantly its purchases of US goods and services.
It also warned that any tariffs and other trade measures implemented by Washington would derail any agreements between the two economic giants.
Foreign Ministry spokeswoman Hua Chunying referred questions to the country’s Commerce Ministry when asked at a regular news briefing when and where a next round of talks might occur, and if Liu was preparing to go to the United States.
“But I think China’s position in principle is very clear, which is that China’s door to dialogue and consultations is always open,” Hua said. — AFP