China ties U.S. talks to tariff removal as stalemate deepens– fortune.com
Source Link
Excerpt:
China’s top diplomat called on the U.S. to remove tariffs it imposed on Chinese goods for Beijing’s alleged role in America’s fentanyl crisis before holding any talks on the matter, deepening a stalemate weighing on trade ties between the world’s two largest economies.
“If the U.S. side really wants to solve the fentanyl problem, then it should cancel the unjustified tariff increase and engage in equal consultation with the Chinese side,” Chinese foreign minister Wang Yi said in an interview with Russian state-run news service RIA Novosti on Tuesday.
Wang’s demand came over a week after U.S. President Donald Trump’s ally Steve Daines met with top Chinese officials and asked Beijing to stop the flow of the drug’s ingredients into the US as a condition for talks. The opposing requests dim the prospect of high-level talks to ease tensions a day before the US president is set to announce his so-called reciprocal tariffs on global trade partners.
