8/24/2018

US-CHINA TRADE TALKS

WASHINGTON : US President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told on Monday.

Trump said in an interview that he had ''no time frame'' for ending the trade dispute with China, which threatens to impose tariffs on virtually all goods traded between the world's two largest economies.

''I'm like them; I have a long horizon,'' he added.

The talks this week come as new US tariffs on $16 billion of Chinese goods take effect at 12:01 a.m. [0401 GMT] on Thursday, along with retaliatory tariffs from Beijing on an equal amount of US goods.

The US Trade Representative's Office also is holding hearings this week on proposals for tariffs on a further $200 billion of Chinese goods that will start to directly hit consumer products.

Trump said Chinese negotiators would be arriving shortly, adding that he did not ''anticipate much''  from the mid-level discussions.

He said resolving the trade dispute with China will ''take time because China's done too well for too long, and they've become spoiled.

They dealt with people that, frankly, didn't know what they were doing, to allow us to get into this position.'' [Agencies]

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