According to Trump, trade talks with China will resume Thursday "at a different level"



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President Donald Trump will speak at the G7 summit in Biarritz, France on August 26, 2019.

Carlos Barria | Reuters

President Donald Trump said the United States and China will have trade talks Thursday "at a different level."

"There is a discussion scheduled for today at a different level," Trump said in an interview with Fox News Radio without specifying what "a different level" means.

"Let's see what is the end product, that's what you need to judge," Trump said.

A White House official told CNBC that "the two parties remain in communication at different levels".

Trump said Monday that China had recently expressed its wish to reach an agreement during telephone conversations by phone. Both parties will return to the negotiating table. However, China has repeatedly said that she was not aware of the calls mentioned by Trump.

Trade tensions intensified last week, with both parties relying on new tariffs. China loosened its stance on Thursday by declaring that it was willing to resolve the trade war with a "calm attitude" and stating that it would not react immediately against Trump's new tariff threat. China also said that the Chinese and US trade delegations maintained "effective" communication.

"China has a lot of ways to counter the corrective measures, but in the current situation, the question that should be discussed now is the removal of new US tariffs on $ 550 billion of Chinese goods to prevent escalation. of the trade war, "said Gao Feng, spokesman for the Chinese government. Ministry of Commerce, said Thursday.

His comment came after Trump threatened Friday to raise tariffs on Chinese products by 25 percent from $ 250 billion to 30 percent and to raise tariffs by 10 percent on products by 300 percent. 15%, in response to China's retaliation.

The two sides also had to meet face to face in September in Washington.

– Kevin Breuninger of CNBC contributed to the reports.

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