Both China and the United States should make compromises in trade talks, Chinese...
BEIJING - Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week’s G20 summit in Japan.
Talks to reach a broad deal broke down last month after U.S. officials accused China of backing away from previously agreed commitments. “Meeting each other half way means both sides have to compromise and make concessions, not just one side.” The two countries are in the middle of a costly trade dispute and have slapped increasingly severe tariffs on each other’s imports. China has vowed to not give in on issues of principle nor under U.S. pressure.
“At the same time, policy room of many countries after the crisis has been reduced and room for coping with a sharp economic slowdown is limited.”
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