US: Chinese items targeted for 25 percent tariffs

China says it has made progress with the United States in weekend talks on bilateral trade in farm and other products. But it warns that any US trade sanctions on Chinese imports would nullify this progress.

Two countries held another two days of trade talks on Saturday and Sunday in Beijing. US Commerce Secretary Wilbur Ross met with Liu He, the Chinese Vice Premier in charge of economic affairs.

After the talks, Chinese officials said in a statement that, “the two sides had good communication in various areas such as agriculture and energy, and have made positive and concrete progress.”

But it added that, “all economic and trade outcomes of the talks will not take effect if the US side imposes any trade sanctions, including raising tariffs.”

They said the latest trade talks were based on a bilateral agreement to avoid a trade war and that the outcome of the talks would be nullified in the event of possible US economic sanctions.

During the previous round of talks in Washington, the two countries agreed to avoid a trade war. China also agreed to import more American farm products to reduce its trade surplus with the US.

The US announced on Tuesday of last week that it would release a final list of Chinese items targeted for 25 percent tariffs by mid-June and promptly impose the levies, citing alleged violations of intellectual property rights by China.

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