Chinese Vice Premier Liu He and US Secretary of Commerce Wilbur Ross met in Beijing on June 2-3, as follow up to the trade negotiations in Washington back in May. After the meeting, China issued a statement through its state news agency Xinhua.
In the statement, it’s noted that “to implement the consensus reached in Washington, the two sides have had good communication in various areas such as agriculture and energy, and have made positive and concrete progress while relevant details are yet to be confirmed by both sides”.
And China reiterated its “consistent” stance that “reform and opening-up as well as expanding domestic demand are China’s national strategies. Our set pace will not change.”
But it also warned that “all economic and trade outcomes of the talks will not take effect if the US side imposes any trade sanctions including raising tariffs.”
