U.S.-China trade talks: China says it is restarting trade talks with U.S.
Source: CBS News/AP
UPDATED ON: JANUARY 4, 2019 / 8:39 AM / CBS/AP
American envoys are expected in Beijing for talks Monday in a tariff battle over Chinese technology ambitions that threatens to hobble global economic growth.
The two days of meetings are aimed at carrying out the Dec. 1 truce by Presidents Donald Trump and Xi Jinping that postponed additional tariff hikes, the Ministry of Commerce announced Friday. It said the American delegation will be led by a deputy U.S. trade representative, Jeffrey D. Gerrish, but gave no other details of the agenda or participants.
Signs are emerging that the trade war is impacting U.S. businesses. Apple on Wednesday pointed to trade tensions as one reason for weaker-than-expected demand for its flagship iPhone in China. New data released on Thursday suggest the trade war is also taking a toll on the U.S. manufacturing sector as a whole.
The American Embassy in Beijing didn't immediately respond to a request for confirmation and additional details about the new round of trade talks.
Read more: https://www.cbsnews.com/news/u-s-china-trade-talks-china-says-it-is-restarting-trade-talks-with-u-s/