U.S., China launch trade talks to avert tariff war

Addis Ababa, May 17, 2018 (FBC) -The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war.

The Trump administration demands a 200 billion US dollars cut in China’s U.S. trade surplus and greater protections for intellectual property.

U.S. President Donald Trump has threatened to impose up to 150 billion US dollars in punitive tariffs to combat what he says is

Beijing’s misappropriation of U.S. technology through joint venture requirements and other policies.

Beijing has threatened equal retaliation, including tariffs on some of its largest U.S. imports, including aircraft, soybeans and autos.

At talks in Beijing two weeks ago, both sides presented lengthy lists of demands, agreeing only to keep talking.

Source: Reuters

Posted by Amare Asrat