Chinese envoy to visit US to resume trade talks

China will send an envoy to the United States, in late August, to resume trade talks, the Chinese commerce ministry, said on Thursday. The two countries plan to launch a new round of tit-for-tat tariffs on $16 billion worth of goods on August 23.

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Vice Commerce Minister Wang Shouwen, the deputy representative on international trade negotiations, will meet with a senior US treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement.

“The Chinese side reiterates that it opposes unilateralism and trade protectionism practices and does not accept any unilateral trade restriction measures,” the ministry said.

“China welcomes dialogue and communication on the basis of reciprocity, equality and integrity.” US Commerce Minister Wilbur Ross held talks with Chinese Vice Premier Liu He in Beijing in June.

The United States slapped tariffs on $34 billion worth of Chinese goods in early July, triggering a reciprocal action from Beijing.

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Washington also said it will impose an additional $200 billion in Chinese imports.

Chinese officials say the tariffs have yet to make an impact on the country’s economy, with its exports even beating forecasts in July.

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