Meanwhile, the Ministry of Transport said it was conducting a probe into the impacts from the US Trade Representative’s Section 301 investigation into China’s maritime sector, and may implement retaliatory measures in due time.
The announcements reignited concerns that the trade war could flare up again after tensions between Washington and Beijing sparked a selloff in stocks on Friday.Those worries had eased over the weekend after President Donald Trump signalled an openness to a deal with China. His administration also toned down its rhetoric after Trump threatened tariffs of 100% on China in response to Chinese export controls.
China and the US have been maintaining communication within the framework of the economic and trade consultation mechanism, and held working-level talks on Monday, the Chinese Ministry of Commerce said.
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