Beijing (November 23, 2018): Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue.
U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to hold talks during the G20 summit in Buenos Aires next week as trade ties between the world’s two largest economies become increasingly fraught.
“We hope that, on the basis of equal consultations, mutual benefits and trust, we could make common efforts to manage differences and find ways to resolve problems,” Wang told a news conference in Beijing, the capital.Officials of both countries were in close contact, instructed by their leaders, he added.
Washington wants Beijing to improve market access and intellectual property protections for U.S. firms, cut industrial subsidies and slash a $375-billion trade gap. Trump has imposed tariffs on $250 billion of Chinese imports to force concessions.
“I can say this, China wants to make a deal very badly – because of the tariffs,” Trump told reporters in the town of Palm Beach in Florida.