Washington: The trade war between the US and China is expected to increase once again. In fact, US President Donald Trump has said that if the US does not have a trade contract with China, more duties will be imposed on China. Donald Trump has told pressmen in the White House that, "If we do not make any agreement with China, I will increase the fee further."
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Trump's statement came at a time when there were signs of reconciliation between the two economic superpowers. Earlier on Sunday, China's Commerce Ministry had said that there would be meaningful talks with the US on the trade contract. According to the Chinese Ministry of Commerce, Deputy Prime Minister Li has held talks with US trade representative Robert Lighthizer and Finance Minister Steven Newchin.
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In the first stage agreement between the two sides, the talks about their respective concerns were meaningful. The ministry said that the two sides are continuing talks. However, nothing was explained in this regard. The long-running trade war between the US and China has a negative impact on the global economy and the market has registered a decline.
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