The U.S. and China make a new start, to end their trade war. The two-day talks on Monday and Tuesday in Beijing for their first direct trade talks since U.S. President Donald Trump and China's state and party chief Xi Jinping before the five weeks after the end of the summit of the major economies (G20) in Buenos Aires, a 90-day "truce" had been agreed.
The negotiators wanted to "actively and constructively" with the consensus of the presidents will discuss, informed the Ministry of Commerce in Beijing. The course of the talks is expected with voltage. The ongoing trade war between the two largest economies creates additional uncertainties in the financial markets on the economy in the United States, China and around the world.
Trump tried to dampen Worries that the government will be reinforced by the rest of the US. "The China talks are going very well," said the US President on Sunday to journalists in Washington. He referred to his latest telephone conversation with Xi Jinping. "I really believe that you want to make a Deal." The special duties to be very painful for China. "Your economy is not doing well." This will give you incentive to negotiate. By contrast, the US charge-customs-billion dollars in duties on imports from China.
To the American Delegation, which is headed by U.S. Deputy trade representative Jeffrey Gerrish, representatives of the financial, trade, energy and agriculture Department and the White house. It was assumed that working groups will be negotiated. A breakthrough was not expected. The first formal talks are likely to pave the way for further negotiations. For this, China's chief negotiator, Vice Premier Liu He, and the US could then-trade representative Robert Lightizer.daily mirror tomorrow location for Free
deadline for China until the beginning of March
to order, reported the Hong Kong newspaper "South China Morning Post", is Trump at the world economic forum from 22. to 25. January in the Swiss Davos "probably" with China's Vice-President Wang Qishan. The close Confidant of China's state and party chief is an experienced crisis Manager, economic expert and a political heavyweight in the Communist leadership of China.
The United States complain mainly of a lack of market access, forced technology transfer, and product piracy in China and had imposed so massive punitive tariffs, China had replied to the counter-measures. Your consensus on 1. December in the Argentine capital had agreed Trump and Xi Jinping first used for a castle of peace and more talks.
The period of the United States runs Contrary to the required Chinese on 1. March. Until then, announced, further increase in the US is exposed to special duties on Chinese imports to the value of $ 200 billion from the current 10 to 25 percent. There is no agreement, however, threatens an escalation, which could also have a serious impact on the world economy.More about
trade disputes, China's punitive tariffs on U.S. car for three months
China has already made the first concessions. The imports of American soya beans and additional duties on car imports from the USA repealed. China's government also plays his controversial "Made in China 2025"strategy, the aims of state aid in a technology leadership. In addition, it was announced that sharp against forced technology transfer from foreign companies to proceed. (dpa)