U.S. holds 'frank' talks on trade with Chinese envoy: White House official
Reuters
Published Mar 01, 2018 07:32PM ET
U.S. holds 'frank' talks on trade with Chinese envoy: White House official
WASHINGTON (Reuters) - The Trump administration held "frank and constructive" talks with Chinese President Xi Jinping's top economic adviser, Liu He, on Thursday, a White House official said, the same day U.S. President Donald Trump said he would impose steep tariffs on imported steel and aluminum in a veiled threat to China.
"We underscored the importance of achieving balance and reciprocity in the economic relationship," the official said of the meeting between Liu He and Treasury Secretary Steven Mnuchin, White House economic adviser Gary Cohn, and U.S. Trade Representative Robert Lighthizer. "We discussed ways to ensure fair and reciprocal trade."
On Wednesday, Liu He met with top U.S. business executives from companies including Boeing (NYSE:BA), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), BlackRock and Chubb (NYSE:CB) as part of his trip to the United States for trade talks.
Trump's announcement on tariffs raised the prospect of retaliation from Beijing amid fears it could spark a trade war. Trump said the duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.