China says vice premier Liu He to visit US for trade talks
Trump tweeted on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25% from 10% by the end of the week
The swift deterioration in negotiations between the world's two largest economies hit global financial markets
China's commerce ministry today said that Vice Premier Liu He will visit the US on May 9 and May 10 for bilateral trade talks at the invitation of senior US officials. The ministry did not elaborate on the talks or give the expected topics of discussion. The continuation of trade talks between world’s two economies was thrown in jeopardy after President Donald Trump on Sunday said US will impose additional tariffs on Chinese goods, slated to go into effect on Friday.