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 Saturday in Beijing where he started talks aimed at easing tensions over tariffs that have heightened fears of a trade war between the world's two biggest economies.Despite announcing a truce earlier this month, the United States is working to finalize planned sanctions on Beijing -- including restrictions on Chinese investment, export controls and 25 percent tariffs on $50 billion in Chinese tech goods.U.S. President Donald Trump first announced trade sanctions on China in March, largely focused on the Asian giant's theft of U.S. intellectual property.The U.S. leader has also threatened to impose tariffs on an additional $100 billion in Chinese goods if Beijing retaliates.
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