China still ‘cautiously optimistic’ on U.S. trade talks despite new tariffs GlobeBusiness
Chinese Vice Premier Liu He, right, and U.S. Treasury Secretary Steven Mnuchin before their meeting at the Diaoyutai State Guesthouse in Beijing, May 1, 2019.China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China.
Trump wrote on Twitter on Saturday that he thinks China felt they were being “beaten so badly” in the recent negotiations that they may as well wait for the 2020 presidential election “to see if they could get lucky & have a Democrat win - in which case they would continue to rip-off the USA for $500 Billion a year.”
China strongly opposes the latest U.S. tariff hike, and as a nation, has to respond to that, Liu told a small group of Chinese reporters in the video clip. China’s widely-read Global Times newspaper, which while published by the ruling Communist Party’s official People’s Daily newspaper does not speak for the government, said in a Sunday editorial that the United States has “seriously underestimated China’s endurance”.
Liu denied the accusations of China’s reneging on promises, saying China thought it was normal to make changes before a final deal. Both sides had differing views on how to phrase it, he said.
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