ARN News Centre

Signs of new US-China trade talks emerge as increased tariffs loom

Friday, 30 August 2019 15:26

Trade talks between the US and China appear to have restarted, with President Donald Trump hinting that some discussions took place on Thursday.

"There is a talk scheduled for today at a different level," Trump said in an interview with Fox News Radio, without giving details.

"China wants to make a deal," he said, adding: "We’ll see what happens."

It comes as a new round of US tariffs on some Chinese goods is scheduled to take effect on Sunday.

Meanwhile, China's commerce ministry also said a September round of meetings was being discussed by both sides, but said it was important for Washington to cancel a tariff hike.

More from Business

UAE family businesses drive 60% of GDP, key to 2031 Vision

Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.
Elon Musk's $1 trillion Tesla pay plan wins shareholder approval

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Microsoft to train over 300,000 in UAE with AI skills

Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.
Ennismore, Dubai Holding to launch 'Caravan Hatta by Our Habitas'

Ennismore, a lifestyle hospitality company, has partnered with Dubai Holding to introduce Caravan Hatta by Our Habitas at Hatta Resorts.
Emirates Group posts record $3.3 billion half-year profit

The Emirates Group has announced a record profits of AED 12.2 billion ($3.3 billion) for the first six months of 2025, driven by strong travel demand "despite geo-political events and economic concerns in some markets".