China trade war: Liu He calls for calm after Trump comments - Axios

Photo: Nicholas Kamm/AFP/Getty Images

President Trump said Monday China has requested for trade talks to resume.

Details: His comments came after China's economy czar, Vice Premier Liu He, said the Chinese government is willing to negotiate with the United States in a calm manner to resolve trade issues, Reuters reports.

We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war."

— Vice Premier Liu He comments, translated by Reuters

Driving the news: President Trump said Friday he would raise tariffs against China, hours after the Chinese government announced it would levy retaliatory duties on earlier U.S. action.

• Trump ramped up tensions at the G7 summit in France on Sunday, telling reporters that he had "no plans right now" to follow through on his emergency declaration threat to force U.S. companies to leave China but added, "If I want, I could declare a national emergency."
• And after telling reporters that he "might as well" have "second thoughts" about escalating the trade war, White House press secretary Stephanie Grisham clarified that Trump "regrets not raising the tariffs higher."

The big picture: China had vowed to continue fighting the trade war "until the end." But Reuters reports that Liu said at a tech conference in southwest Chongqing, "We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world."

Editor's note: This article has been updated with new details throughout.

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https://www.axios.com/china-trade-war-liu-he-calls-for-calm-resolution-after-trump-remarks-bc491d9d-0a4f-4be6-b478-a0c5934ee2a4.html

2019-08-26 05:43:00Z
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