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Despite Renewed Threats From Trump, China Prepares For Trade Deal With US

China declared on Monday that they are optimistic about holding talks with their US counterparts. Donald Trump has recently raised tariff on Chinese goods imported in the US. China says that talks must continue and they are optimistic about positive outcome.

Trump had twitted on Sunday afternoon that he is increasing tariff from current 10% to 25% on the Chinese goods imported worth $200 billion. Also he has threatened that he is planning slap levies of 25% on Chinese goods imported worth $325 billion.

Chinese VP, Liu was planning to visit Washington with delegation to sort out the trade differences. But now sources say that China is planning to pull out of the negotiations of this week. China has taken tough stand towards Washington in retaliation to the threats by Donald Trump.

Sources say that Chinese VP, and delegation of 100 persons, will cancel the planned trip to the US. Earlier US officials had said that they are hopeful about reaching to a deal till Friday. During September, 2018 also Chinese officials had cancelled US trip because of the similar situation.

Sources say that decision by Trump to increase the tariff is giving a signal to China that US is prepared for hard-bargain and Chinese officials should come with good offers only.

Foreign Affairs Ministry of China says that delegation is ready to visit US but they are not sure whether Vice President Liu will be part of it. Geng Shuang, their spokesperson didn’t comment on how many persons will be there in the delegation, duration of the visit and departure dates. Instead he replied to the reports that you can contact the concerned authority. Ministry of the Commerce also refused to comment on the issue.

Geng Shuang said that during earlier round of talks this type of situation had happened but the latest round of talks were hopeful. US Trade representative, Treasury or White House officials were also not available for the comment.

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