Bilateral Trade Talks To End Trade War Between China And The US

06 March, 2019, 08:45 | Author: Sue Mclaughlin
  • US Trade Representative Robert Lighthizer

Zhang Yesui, a spokesman for the National People's Congress and a former vice foreign minister, said the two nations had achieved substantial progress in resolving their trade dispute after a meeting in Washington last month between Chinese Vice-Premier Liu He and United States negotiators.

The research also sheds light on one reason why Trump might be eager to strike a trade deal with China, even if it simply ratchets down the current trade tensions, while saving more hard negotiations on Chinese industrial policy for later.

In the United States, manufacturing activity dropped in February to its lowest since November 2016, consumer confidence fell short of forecasts, inflation was tame and USA personal income fell in January for the first time in more than three years.

New studies have added to the evidence that the US-China trade war is inflicting pain on US consumers and businesses, even while US President Donald Trump insists that the US is well-positioned to weather the storm should he back away from a trade deal.

U.S. President Trump will reject any U.S.

U.S. President Donald Trump met Chinese Vice Premier Liu He on February 22 in Washington, D.C. Trump then postponed increases in U.S. tariffs on $200 billion in Chinese goods that had been set to rise from March 1.

The trade war was only one factor affecting the USA economy, Weinstein said, and with the US less exposed to trade than other major Western economies such as Germany, it was not having as much of an impact as it might.

The Wall Street Journal reported Sunday that the two sides are in the final stages of negotiating a deal that would involve the lowering of Chinese tariffs on a range of USA goods if the Trump administration removes broad sanctions against Beijing.

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A person who knows about the agreement said that China wants all of Trump's tariffs to be eliminated. It appears the leader could be losing the advantage he held in the trade war, the host said.

Not everyone sees the possibility of a trade deal lifting markets higher, however.

On its face, the mechanism looks similar to previous negotiating efforts the USA and China used to discuss trade issues-and that the Trump administration said it would abandon because they haven't been successful in getting Beijing to make the required changes to its trade policies.

"We will continue to call on China to end these counterproductive policies, free all those arbitrarily detained, and cease efforts to coerce members of its Muslim minority groups residing overseas to return to China to face an uncertain fate", she said.

Cramer said some fund managers have begun to short stocks with China exposure and bet long on names unaffected by the ongoing trade talks between the world's largest economies.

As a repercussion of an additional tariff to USA goods, shipments of U.S. farm products had been slashed substantially in the past seven months.

President Trump had further tweeted on Sunday, saying that he would delay imposing further tariffs on Chinese goods, as there is substantial progress on many top issues like technology transfer and intellectual property.

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