U.S. Commerce Secretary Wilbur Ross leaves a hotel ahead of trade talks with Chinese officials in Beijing, China, June 2, 2018. REUTERS/Thomas Peter
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U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China's promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports.The talks focus on adding details to China's May 19 promise to narrow its politically volatile surplus in trade in goods with the United States, which reached a record $375.2 billion last year.The truce appeared to end with this week's announcement Washington was going ahead with tariff hikes on technology goods and also would impose curbs on Chinese investment and purchases of U.S. high-tech exports.Trump also has threatened to raise tariffs on an additional $100 billion of Chinese goods, but gave no indication this week whether that would go ahead.
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