Beijing wants ‘calm’ negotiations to end the US trade war as markets tank and China’s currency hits 11-year low – after White House says Trump ‘regrets not raising the tariffs higher’

China said it is willing to resolve its trade dispute with the United States through ‘calm’ negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He said Monday.   The increasingly bitter trade war between the world’s two largest economies sharply escalated on Friday, with both sides leveling more tariffs on each other’s exports. U.S. President Donald Trump announced an additional duty on some $550billion of targeted Chinese goods on Friday, hours after China unveiled retaliatory tariffs on $75billion worth of U.S. goods. Vice Premier Liu He (pictured June 13) said Monday that China is willing to resolve its trade dispute with the United States through ‘calm’ negotiations and opposes escalating the conflict Liu (second from right) shakes hands with United States Trade Representative Robert Lighthizer (second from left) on July 31, as US Treasury Secretary Steven Mnuchin (left) and China’s Commerce Minister Zhong Shan (right) look on  Liu’s statement comes a day after President Trump (with China’s President Xi Jinping) was quoted as saying that he had ‘second thoughts’ about the escalating trade war However, Trump appeared on Sunday to back off on his threat to order U.S. companies out of China. Liu, who has been leading the talks with… Read full this story

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