China, US Resume High-Level Consultations To Resolve Trade Dispute - Commerce Ministry

China and the United States have resumed high-level bilateral consultations that will focus on resolving ongoing trade and economic disputes, Gao Feng, the Chinese Commerce Ministry's spokesman, said Thursday.

BEIJING (UrduPoint News / Sputnik - 15th November, 2018) China and the United States have resumed high-level bilateral consultations that will focus on resolving ongoing trade and economic disputes, Gao Feng, the Chinese Commerce Ministry's spokesman, said Thursday.

"On November 1, the leaders of China and the United States had a telephone conversation, after which high-level bilateral contacts on trade and economic issues were resumed ... The working groups of the two countries are currently maintaining close contacts in order to implement the agreements reached by the leaders in the telephone conversation," Gao told a briefing.

China and the United States are currently engaged in a major trade spat that resulted from US Donald Trump introducing steel and aluminum import tariffs in March. Tensions deepened in late May when Washington announced that $50 billion worth of Chinese goods would be subject to 25 percent tariffs. Since then, the two countries have exchanged several rounds of trade duties against each other.