Commodities Buzz: US And Chinese Officials To Continue Talks to Resolve Trade Row

US and Chinese officials would continue discussions in Washington on Friday which the Trump administration hopes would establish fair trading relationship. Trump Administration officials began a series of meetings with a delegation from the government of China, as part of ongoing trade discussions. The United States officials conveyed the Presidents clear goal for a fair trading relationship with China.

China was preparing a $ 200 billion package to cut the trade deficit with the United States. Trump told reporters earlier in the day he doubted the United States and China could reach a fair deal.China is ready to join efforts with the US and take necessary measures to resolve outstanding trade and economic issues on equal terms and in mutual interest.

In March, the United States introduced a 25-percent tariff on imported steel and a 10-percent tariff on imported aluminium. Later, Trump issued a memorandum introducing $ 60 billion in extra tariffs on China over allegations of intellectual property theft.