May 16, 2021

New round of China-US trade negotiation will be this month, according to media

New round of China-US trade negotiation will be this month, according to media



The next round of negotiations to end the trade war between China and the United States will be held in Washington on January 30 and 31, the South China Morning Post reported on Wednesday.

This media, which cites anonymous sources familiar with the organization of the meeting, said that Chinese Vice Premier Liu He will lead the Chinese delegation.

The information assures that Liu will meet with the representative of American Commerce, Robert Lighthizer, and with the Secretary of the Treasury, Steven Mnuchin.

The deputy prime minister – one of the main economic advisors of the president of China, Xi Jinping – was already present in the first round of face-to-face negotiations on the issue, held from 7 to 9 this month in Beijing.

Despite the optimism surrounding this first meeting – the president of the United States, Donald Trump, came to tweet that the negotiations were "going very well" – at the end neither of the two parties specified whether they had reached any kind of agreement .

The Chinese Ministry of Commerce limited itself to affirming that the conference had served to "improve the mutual understanding and to lay foundations to address the concerns of each one" after some "exhaustive, detailed and in-depth dialogs on commercial and structural problems of mutual interest "

In a brief document, published on his official website, he indicated that "both parties have agreed to continue in close contact."

For its part, the statement from the US side only specified that the meeting had as its objective "to achieve necessary structural changes in China with respect to forced transfer of technology, protection of intellectual property, non-tariff barriers, cyber intrusions and virtual theft of business secrets. "

In addition, Washington stressed that China's commitment to "acquire a considerable amount of agricultural, energy and manufactured goods as well as other products and services from the United States" was discussed.

If confirmed by the Morning Post, it would be the second face-to-face meeting between representatives of both countries since Xi and Trump agreed on December 1 a 90-day truce, which means that the deadline to close a pact The final commercial expires on March 1.

Since that day, China has adopted several measures of good will, such as lowering tariffs on vehicles imported from the US, the resumption of the purchase of soy from that country or the presentation of a bill to prohibit the forced transfer of technology. .

For its part, Trump temporarily suspended the increase of 10% to 25% of tariffs on Chinese products valued at 200,000 million dollars, although he warned that he would go ahead with his plan if a trade agreement is not closed before it expires. the aforementioned period of 90 days.

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