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Next week US and China are resuming trade negotiations

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Next week US and China are resuming trade negotiations
July 04
13:00 2019

According to Larry Kudlow, White House economic adviser, negotiations on a trade dispute between China and the United States may continue next week.

He didn’t say a word about the date of negotiations on trade disputes. However, Mr. Kudlow mentioned that Donald Trump and Xi Jinping were talking on the phone and would schedule a face-to-face meeting later. A special press release will inform the public of the date.

In May, negotiations between the countries stalled out. Then Trump suspected China of trying to review the conditions on those matters that had already been agreed.

The leaders of the countries agreed on the resumption of negotiations during a private meeting at the G-20 summit. To confirm his intentions, President Trump promised that he would not yet impose a 25% duty on the remaining Chinese exports totaling $ 300 billion. In addition, conditions of the restrictions against the Chinese Huawei were reviewed.

Advisor to the President of the United States stressed that America would take a flexible position in the negotiations and wouldn’t increase duties during the negotiations. “We hope that China will fulfill its responsibilities to purchase American import,” said Mr. Kudlow.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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