US-China delegations meet for talks to end trade war

Business

Officials from China and the US were scheduled to begin talks on Monday to diffuse the trade war between the world’s two biggest economies which threatens the health of the global economy.

The office of the U.S. Trade Representative on Friday announced six members of a delegation to China, that will be led by the deputy representative, Ambassador Jeffrey Gerrish.

The delegation will be accompanied by senior officials from the White House and the U.S. departments of Agriculture, Commerce, Energy, State, and Treasury.

Last year, both countries imposed billions of dollars worth of tariffs on one another’s goods.

The escalation of the trade war, which has hit financial markets, has raised massive concerns about the impact on the global economy, Africa too  has not been spared.

 

US President Donald Trump at a round-table conference on the ‘Foreign Investment Risk Review Modernisation Act’ in the Roosevelt Room of the White House in Washington. AP

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