China-US trade negotiations resumed. Bloomberg reported on July 23 that the US trade representative Robert Lighthizer and a number of Washington executives will meet with Chinese officials on the 29th.
White House economic adviser Larry Kudlow told the media on the 23rd that it is a good thing for the two sides to hold a face-to-face dialogue. He expects China to start importing American agricultural products, but Commerce Minister Wilbur Ross believes that Beijing has little chance of taking relevant measures.
China-US trade disputes broke out in 2018, and trade negotiations between the two sides have been stagnant since May. US President Donald Trump and Chinese President Xi Jinping were in Japan’s Osaka G20 (G20). After the meeting was held, the two sides decided to temporarily suspend the war and pave the way for the two countries to resume negotiations. Trump announced that it will not impose tariffs on $300 billion of Chinese goods during the negotiations.
In addition, Ross accepted a Bloomberg TV interview, saying that the White House plans to handle applications for multiple technology companies to waive the Huawei ban within a few weeks. A report in the Washington Post that Huawei is suspected of laying a wireless network for North Korea, said that the White House has been closely monitoring Huawei’s actions, but did not respond to whether to impose additional sanctions.