US-China Trade Talks Hit A Roadblock

With Donald Trump ministration and China slapping ir latest round of tariffs on each or earlier this week, negotiations between Washington and Beijing have come to a complete halt for w. Prior to tariff salvo by two sides, both senior US and Chinese officials have been working to end escalating tre war between both countries.

A fresh round of talks was slated to be held in coming weeks, but Trump's decision to impose tariffs on an ditional USD 200 billion worth of Chinese goods has dampened chances to hold negotiations, CNN reported.

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On Friday, September 21, 2018, a senior White House official remarked that meetings between China and US were being currently planned.

"re is scheduled US-China negotiation at moment. That doesn't mean it wouldn't happen. re is meeting that is on books," official said.

tariffs imposed by US are set to come into effect from September 24 with 10 percent level, which will be increased to 25 percent from next year. It will affect thousands of Chinese goods, including food seasonings, network routers, baseball gloves and industrial machinery parts. On September 18, 2018, China h retaliated by slapping tariffs on USD 60 billion of American products and its state council anunced that new tariffs would be imposed at rates of 5 percent or 10 percent, depending upon product from same date.

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new round of tariffs by Beijing will affect over 5,000 US goods, ranging from meat, chemicals, nuts, alcoholic drinks, clos, machinery, furniture, and automobile parts, in a move that would furr escalate tre war between world's largest two ecomies.