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Economy

China-U.S. negotiators speak on phone

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2019-08-14 08:22:48China Daily Editor : Li Yan ECNS App Download

Vice-Premier Liu He spoke by phone with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday evening at the request of the U.S., according to the Ministry of Commerce.

China strongly opposed U.S. plans for an additional 10 percent tariff on $300 billion worth of Chinese goods originally scheduled to start from Sept 1.

The two parties agreed to speak again via phone within two weeks, the ministry said.

Liu is also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese delegation in the China-U.S. comprehensive economic dialogue.

Minister of Commerce Zhong Shan, Governor of the People's Bank of China Yi Gang, and Ning Jizhe, deputy head of the National Development and Reform Commission, were on the call.

Wang Yiming, vice-president of the State Council's Development Research Center, said the U.S. tariffs targeting Chinese imports will not only harm the interests of U.S. consumers, but also drag down the U.S. economy.

In addition, tariffs will seriously dampen the confidence of the international market and create new uncertainties to the world economy, Wang said at a seminar in Beijing.

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