INSUBCONTINENT EXCLUSIVE:
So far, US and China have hit $50 billion worth of each others' goods with tariffs
tariffs on $200 billion worth of Chinese goods, two people familiar with the matter said on Wednesday.Senior U.S
officials led by Treasury Secretary Steven Mnuchin recently sent an invitation to their Chinese counterparts, including Vice Premier Liu He,
to hold another bilateral trade meeting.The timing and location of the proposed meeting were unclear, the people said
and Chinese officials met on Aug
22 and 23 with no agreements.A U.S
Treasury spokesman did not immediately respond to requests for comment.The invitation was first reported by the Wall Street Journal
A meeting among cabinet-level officials could ease market worries over the escalating tariff war that threatens to engulf all trade between
the world's two largest economies and raise costs for companies and consumers.So far, the United States and China have hit $50 billion worth
of each others' goods with tariffs in a dispute over U.S
demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back
industrial subsidy programs and better protecting American intellectual property.U.S
President Donald Trump last week said that in addition to preparing tariffs on another $200 billion worth of goods, he had tariffs on
another $267 billion worth of goods "ready to on short notice if I want."U.S
business groups are escalating their fight against Trump's tariffs, with over 60 industry groups launching a coalition to put political
edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
