China says door open to US trade talks

China's foreign ministry says the door is open for trade talks with the US but any imposition of US tariffs would void any trade and business deals reached.

US Commerce Secretary Wilbur Ross in Beijing

China has warned the US a move to impose tariffs on it would endanger the countries' mutual trade. (AAP)

China's door to talks is open in principle, the country's Foreign Ministry says, 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 $US150 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.

It also warned that any tariffs and other trade measures implemented by Washington would derail any agreements between the two sides.

Foreign Ministry spokeswoman Hua Chunying referred questions to the country's Commerce Ministry when asked at a regular news briefing when and where a next round of talks might occur, and if Liu was preparing to go to the United States.

"But I think China's position in principle is very clear, which is that China's door to dialogue and consultations is always open," Hua said.

China is sincere in wanting to "appropriately resolve" the problem via talks, she added, without elaborating.

At the end of last month's talks in Washington the two countries released a joint statement, and US Treasury Secretary Steven Mnuchin later said the trade war was "on hold".

But just when it appeared a trade truce between the two economic heavyweights was on the cards, the White House last week warned it would pursue tariffs on $US50 billion worth of Chinese imports, as well as impose restrictions on Chinese investments in the United States and tighter export controls.

The heightened trade tensions with China come as Trump has angered US allies, including Canada, Mexico and the European Union, with tariffs on metal imports.


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Source: AAP



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China says door open to US trade talks | SBS News