China’s door to talks is open in principle, the country's Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs. The United States and China have threatened tit-for-tat tariffs on goods worth up to $150 billion each, as US President Donald Trump has pushed Beijing to open its economy further and address the United States’ large trade deficit with China.
The two countries ended their latest round of negotiations on Sunday, with US Commerce Secretary Wilbur Ross and his delegation leaving Beijing without making a public statement, and China making no mention of any new agreements. Following Chinese Vice Premier Liu He's talks with Ross, China referred instead to a consensus reached last month in Washington, when China agreed to increase significantly its purchases of US goods and services.
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