China says US trade talks important but multilateralism key to solution

GENEVA (Reuters) -China said on Wednesday trade talks with the U.S. were an important step toward bridging gaps but what was really needed was "indispensable" multilateralism to find a way out of global trade turmoil. "While bilateral talks may sometimes work, China believes multilateralism is the inevitable and ultimate choice to address global challenges," China's mission to the World Trade Organization said in a statement at a two-day meeting of the WTO's General Council in Geneva. China and dozens of other countries were stung by a slew of so-called reciprocal tariffs announced by U.S. President Donald Trump in April, before talks were held between the two major commercial partners on May 12 to ease tensions over trade imbalances.