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TRADE WARS
China says 'no information' on US trade trip to Beijing
by Staff Writers
Beijing (AFP) May 16, 2019

China said Thursday it "does not have information on the US plan" to come to Beijing to continue talks amid escalating tensions between the two trade giants.

In Washington on Wednesday, US Treasury Secretary Steven Mnuchin told the senate appropriations committee he would likely travel to Beijing in the near future to continue trade talks, according to several media reports.

China and the US last week ended talks with both sides saying they would continue negotiations despite US President Donald Trump raising tariffs on $200 billion of Chinese imports.

The Trump administration is also moving forward with plans to slap punitive tariffs on most remaining Chinese imports, and on Wednesday said it would put in place new restrictions on Chinese tech giant Huawei.

"Both sides had frank and open and productive talks (last week), but in a very regrettable move, the American side unilaterally continues to escalate the trade friction causing a serious setback for China-US economic and trade negotiations," said commerce ministry spokesman Gao Feng.


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TRADE WARS
China's state media hits back at US on trade
Beijing (AFP) May 14, 2019
Beijing unleashed its tightly controlled media this week after keeping a lid on rhetoric for months as the trade war with Washington reignited, with fiery clips from state media ricocheting around the internet. The spree of editorials and commentaries in China's state media Monday and Tuesday ramped up attacks on Washington and its trade tactics, with Beijing rolling out the propaganda campaign in sync with its retaliation on US goods. China announced Monday it would raise tariffs on $60 billion ... read more

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