China to Lay out Trade-Talk Position on Sunday in Beijing
- Officials to hold press conference Sunday after release
- White paper comes a day after higher China tariffs kick in
A security guard stands in front of a window reflecting the Yangshan Deep Water Port, part of the Shanghai.
Photographer: Johannes Eisele/AFP via Getty Images
China said it will lay out its position on trade talks with the U.S. in a white paper and hold a rare press conference on the issue on Sunday, an announcement that came hours after it implemented retaliatory tariff increases against the U.S.
The document will be released at 10 a.m. on Sunday and then Wang Shouwen, Vice Commerce Minister, will take questions from the press, according to a statement by the State Council of Information Office. The release comes after China’s retaliatory tariffs on the U.S. officially kicked in Saturday in Beijing, affecting more than 2,400 goods that face levies of up to 25%, compared with the previous charges of 10%.