Published: Fri, December 07, 2018
Finance | By Loren Pratt

'China talks are going very well'

'China talks are going very well'

The commerce ministry's remarks came days after Donald Trump and his Chinese counterpart, Xi Jinping, agreed to give negotiators 90 days to resolve their trade spat.

China's ultimate goal during the 90-day trade talks is to remove all US tariffs imposed on Chinese goods, Gao said.

Asked to confirm whether Beijing promised to buy American goods immediately, Gao said China will "immediately implement the consensus reached by the two sides on farm products, cars and energy".

China's government said Thursday it will promptly carry out a tariff cease-fire with Washington and is confident they can reach a trade agreement, suggesting Beijing wants to avoid disruptions due to the arrest of a tech executive.

Trade experts have said 90 days is scant time for resolving sprawling conflicts over technology, state industries and other issues that have bedeviled U.S.

But Trump again sought to paint the talks in a more positive light, highlighting a report from Bloomberg that "Chinese officials have begun preparing to restart imports of U.S. Soybeans & Liquified Natural Gas" that were put on hold as a result of the president's initial tariffs.


The White House has said China agreed to purchase a "very substantial" amount of agricultural, energy, industrial and other products to reduce the yawning trade gap.

China and the United States have been engaged in a trade war after Trump announced in June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs in a bid to fix the US-Chinese trade deficit.

"All of these help to safeguard China's legitimate interests, and are also in the interests of the United States, and even more are in line with the expectations of the worldwide community", he added in a statement carried on the foreign ministry's website.

The Washington Post reported, though, that tariffs on U.S. cars had only been raised earlier this year in response to Trump's trade war escalation.

Asked about Trump's statement that Beijing would cancel tariff hikes on USA -made autos, Gao referred reporters to the Cabinet's tax commission.

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