China Vice Premier says hopes to engage in rational, candid talks with U.S.: Xinhua

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May 9, 2019 #Agricultural Markets, #Asia / Pacific, #Automobiles / Auto Parts (Legacy), #Automobiles and Auto Parts (TRBC), #China, #China (PRC), #Commodities News (3rd Party), #Diplomacy / Foreign Policy, #Emerging Market Countries, #Energy (Legacy), #Energy Markets, #Fishing and Farming (TRBC), #General News, #Government / Politics, #Industrials (TRBC), #International Agencies / Treaty Groups, #International Trade, #LIU, #Livestock, #Major News, #Monetary / Fiscal Policy / Policy Makers, #regulation, #Subsidies, #tariffs, #Taxation, #Technology (TRBC), #TRADE, #united states, #US, #US Government News, #usa

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Chinese Vice Premier Liu He leaves the office of the U.S. Trade Representative in Washington, U.S., May 9, 2019. REUTERS/James Lawler Duggan

BEIJING (Reuters) – China’s Vice Premier Liu He said he hopes to engage in a rational and candid exchange with the U.S. after arriving in Washington for a new round of trade talks, and raising tariffs is not the solution, China’s official Xinhua news agency reported.

Liu arrived in Washington on Thursday with the United States set to impose higher tariffs on $200 billion worth of Chinese goods at 0401 GMT Friday.

U.S. President Donald Trump said separately on Thursday he was “starting … paperwork today” to impose a 25 percent tariff on the $325 billion in Chinese goods untouched by the trade war so far.

Reporting by Se Young Lee; Editing by Phil Berlowitz

Our Standards:The Thomson Reuters Trust Principles.

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