The chance that U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Osaka, personally, will meet, according to Trumps economic adviser Larry Kudlow "pretty big". The two could, therefore, lead to next month's direct talks on the trade dispute.
On the weekend, Trump China has threatened to intensify his movement in Trade conflicts. Should play the leadership in Beijing on time and hope that after 2020, under a new U.S. President to negotiate better conditions for themselves, they've charged, he explained. He'll win the election, and China, then an agreement to impose, it was much worse for this than any of the current offerings. China needs to act "now," he wrote in the short message service Twitter.
Trump had raised punitive tariffs on imports from the people's Republic on Friday from 10 to 25 per cent, and the pressure on Beijing to further increases. He also said, if China is no agreement to its terms and conditions as well as various eat, could set the United States, the business relationships simply and today's import goods again. This is likely to be in practice hardly feasible. It is also the geopolitical rivalry between the Asian Power of China and the super power USA.
Beijing's restrained reaction
The Beijing Ministry of Commerce, which had immediately announced after the entry into force of the new tariffs a rapid counter-measures, revised the meantime, his course and tried to on Sunday, visibly to appease. Chief negotiator Liu He, had discussed on Thursday and Friday in Washington of an agreement, described his talks as "open and constructive". A new round of Negotiations was planned "in the near future" in Beijing. At their Meeting in December in Buenos Aires Trump and China's state and party chief Xi Jinping had reached an Agreement, both sides were however in disagreement as to what exactly is been agreed on. "I do not think that the negotiations are off. On the contrary, It is normal and inevitable to have small setbacks and twists and turns in the talks," said Liu. In the event that the customs duties would be abolished, Beijing is ready to buy reinforced American Goods, in order to reduce the high U.S. trade deficit with China.
A cancellation, Liu granted, however, Trumps demand for a fundamental change in Beijing's economic policy: "We are very confident that we can make in matters of principle, no concessions. We hope that our US counterparts understand it," said Liu. The American government calls for legislative changes to protect intellectual property and allow foreign companies greater market access in China.
in view of the escalation between Beijing and Washington, EU trade Commissioner Cecilia Malmström does not expect US President Donald Trump will impose in this week also, customs duties on car imports from the EU. "The Deadline for the car tariff decision is the 18. May, but the deadline may be extended", said Malmström in this editorial. She added: "There are signals that it could be extended – because of the negotiations between the United States and China." Also in the USA, many experts expect a prolongation of the deadline.
Created: 13.05.2019, 09:05 PM