Wed. Feb 26th, 2020

Trump shows optimism about a possible truce in the trade war with China

The president of the United States, Donald Trump, was optimistic Friday about the prospects of reaching a "significant" partial agreement that supposes a truce in the commercial war with China, hours before receiving the vice prime minister in the White House Chinese, Liu He, to talk about it.

"Good things are happening at the meeting to discuss trade with China. Better feelings than in the recent past, more like things were before. Today I will meet with the Deputy Prime Minister. Everyone wants something significant to happen!" Trump wrote in his official Twitter account.

Trump's meeting with Liu will take place at 14.45 (18.45 GMT), once the negotiations that the Chinese delegation has been holding since Thursday with US Treasury Secretary Steven Mnuchin and the foreign trade representative conclude American, Robert Lighthizer.

The appointment takes place less than a week before a new rise in tariffs on Chinese imports takes effect: on October 15, a 25 to 30% increase in levies on Chinese imports worth $ 250,000 million is planned. .

In addition, the meeting comes at a time of political tension, after Washington imposed sanctions on some thirty Chinese officials and companies for their connection with the repression of the Uighurs and other Muslim minorities in western China.

According to press reports, both sides negotiate a partial agreement whereby China would commit to buying more US agricultural products. and would access some new measures in the field of intellectual property and the devaluation of its currency.

For its part, Washington would suspend the expected increase in its tariffs and relax the export ban affecting Chinese telephony giant Huawei, according to The Wall Street Journal.

It remains to be seen, however, if China folds to sign that pact in an environment of strong tension both by the recent sanctions on Chinese companies and by the cancellation of NBA events in the Asian country.

Trump, meanwhile, has not been too worried about the controversy in the NBA, unleashed by a tweet from a Houston Rockets manager showing his support for prodemocracy protesters in Hong Kong.

"They have to solve their own situation, the NBA knows what it is doing," Trump has said.

The president also celebrated today that his negotiations with China are not at the mercy of the approval of the Congress, since they are not a free trade agreement like the T-MEC with Mexico and Canada.

"When the agreement is fully negotiated, I will sign it on behalf of the country. Quick and clean!" He tweeted.

. (tagsToTranslate) Trump (t) shows (t) commercial optimism (t) (t) China

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