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China-US discuss trade agreement over Phone
International

China-US discuss trade agreement over Phone

Beijing, Mar 12 : Chinese Vice Premier Liu He discussed the key issues relating to the Chinese-US trade agreement in a phone conversation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday, the Chinese Commerce Ministry said in a statement.

"Chinese State Council Vice Premier Liu He held a phone conversation with US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, the parties have discussed in detail the key issues relating to the text of the trade agreement and defined the agenda for the further work," the statement said.

China and the United States have been embroiled in a trade dispute since June, when US President Donald Trump announced that Washington would subject $50 billion worth of Chinese goods to 25 per cent tariffs in a bid to fix the US-Chinese trade deficit. Since then, the two countries have exchanged several rounds of tit-for-tat trade tariffs.

Trump announced last month that he would delay another planned increase in tariffs on $200 billion worth of Chinese goods that was originally set for March 1, citing progress in the trade talks.

At the G20 summit in Argentina in December, Trump and Chinese President Xi Jinping agreed upon a 90-day truce to allow room for a new trade agreement.UNI