default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

China, US Trade Teams to Hold Talks

Trade talks between the world's two largest economies collapsed last month, with US President Donald Trump accusing China of watering down its commitments.
Donald Trump and Xi Jinping | Source: Shutterstock
By
  • Reuters

BEIJING, China — Top Chinese and US officials will hold trade talks following instructions from their leaders, the Chinese commerce ministry said on Thursday, adding that Beijing hoped Washington would create the necessary conditions for dialogue.

China hopes the United States will listen to its industry and stop threatening tariffs and waging a trade war, commerce ministry spokesman Gao Feng told reporters at a regular briefing.

Trade talks between the world's two largest economies collapsed last month, with US President Donald Trump accusing China of watering down its commitments. Trump raised tariffs on Chinese goods and has threatened even more.

In a telephone call with Trump on Tuesday, Chinese President Xi Jinping agreed to meet his US counterpart in Japan's western city of Osaka at the G20 summit at the end of next week.

Three main differences remain, including the removal of all the additional tariffs, Beijing says. Both sides have disagreed over trade purchases and a "balanced" text for any trade deal.

Those three "matters of principle" cannot be compromised, China has said.

Asked if China's precondition for restarting talks was still tied to the three issues being met, Gao said its basic stance on the trade talks was consistent, and its fundamental demands must be met.

By Yawen Chen and Ryan Woo; editor: Clarence Fernandez.

In This Article
Topics

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
On-the-ground intelligence and insights from the world’s largest fashion market.

In the key China market, sports stars are an increasingly popular choice for luxury brands aiming to broaden their appeal while limiting their exposure to scandal-prone entertainers.



At the latest edition of China’s top fashion week, brands adapted their designs for a more value-minded shopper as retail buyers prepared for a softer local market.



view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices 2023 Live
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Voices 2023 Live