China and the United States send a signal to resume economic and trade negotiati
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The U.S. plan to raise tariff rates on some Chinese goods will take effect on Sunday, potentially escalating the fierce trade war between the two countries.
U.S. President Trump said there were some discussions on Thursday and plans to hold more talks. China's Ministry of Commerce also said that the two sides were discussing a new round of negotiations in September, but hoped that the United States would cancel further tariffs on Chinese goods.
"A different level of talks are planned today," Trump said in an interview with Fox News, without giving further details. A spokesman for the U.S. Trade Representative Office (USTR) was not immediately available for comment on the planned telephone discussion.
"China wants to reach an agreement," Trump said in an interview, adding that China is losing millions of jobs under US tariff pressure. "I think they want to reach an agreement, and I think they have to. We'll see what happens.
The Trump government plans to impose a 15% tariff on more than $125 billion of Chinese goods starting Sunday, including smart speakers, Bluetooth headphones and a variety of footwear.
Trump responded to China's new tariff action on Friday by raising tariff rates on some $550 billion of Chinese imports to the United States by another 5%.
From December 15, the United States will impose a 15% tariff on mobile phones, laptops, toys and clothing. The U.S. Office of Trade Representatives (USTR) said Thursday it would consult the public on raising tariffs on Chinese goods worth an additional $250 billion to 30% by September 20. These goods have been taxed by 25%.
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