US, China confirm trade negotiations will continue in Beijing despite new tariffs imposed on Chinese goods
“Negotiations have not broken down,” Liu, China’s chief negotiator in the talks, said, according to state television.
“Right now, both sides have reached mutual understanding in many things, but frankly speaking, there are also differences. We think these differences are significant issues of principle,” Liu said. “We absolutely cannot make concessions on such issues of principle.” But underscoring a lack of progress in the talks, Trump ordered a further escalation of tariffs.
One of those is over tariffs, Liu said, according to a transcript of the Q&A published by Phoenix, a Hong Kong-based television station that is close to Beijing. China believes that tariffs were the genesis of the trade dispute, and that if both sides wanted to reach an agreement, then all tariffs must be eliminated, Liu said.
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