china us trade war

China and the United States will hold the 13th trade talks in October. In mid-September, officials from the deputy ministerial level will meet to pave the way for a new round of negotiations. The US media said that Chinese and US deputy ministerial officials will discuss a preliminary agreement.

Comprehensive media reported on September 15 that Chinese Vice Premier Liu He said on September 12 that the world is looking forward to progress in China-US consultations. The working layers of the two sides will meet next week, focusing on trade balance, market access and investor protection. Serious exchanges of issues of common concern.

US Treasury Secretary Steven Mnuchin also said in an interview with the US Consumer News and Business Channel (CNBC) on September 12 that he was “positively optimistic” about an agreement with Beijing Dacheng.

He also said that the deputy ministerial officials of the two countries will meet in the next two weeks, and Chinese officials will travel to the United States to pave the way for Liu He’s meeting with him and US trade representative Robert Lighthizer in October. “So we look forward to making progress in the coming weeks.”

Mnuchin also said that the October meeting was crucial to reaching an agreement. “We need to rebalance the trade relations between the two countries. They also recognize this. Therefore, if China comes here with a reasonable agreement, we will consider it. We will present it as president.”

In response to Chinese and American officials’ meeting next week, the US Political News website reported on September 12 that a source said that Chinese and US deputy ministerial officials will start meeting next week to discuss a potential preliminary agreement, including When China purchases agricultural products, the United States has relaxed its export restrictions on Huawei and may further delay the increase of tariffs.

The source said that the focus of the negotiations may also be how to continue negotiations on the core concerns of the United States on intellectual property rights, exchange rates, market access and other issues.

It is reported that Liu He and Mnuchin and Wright Heze agreed on the call on September 5, the two sides agreed to hold the thirteenth round of high-level China-US economic and trade consultations in Washington in early October, after the two sides will maintain close communication, the working layer will Serious consultations were held in mid-September to fully prepare for the substantive progress of the high-level consultations.

In order to create a good atmosphere for the meeting next week, the dates of both China and the United States have released goodwill. The Chinese side announced on September 11 that it would impose tariffs on 16 kinds of US goods exported to China. The Chinese exemption list will take effect on September 17, and the list is valid for about one year. It is reported that this is the first time China has waived US products during the trade war. The Chinese side also indicated that it will continue to carry out the elimination of tariffed goods from the United States and Canada, and announce the follow-up batch exclusion list in due course.

At the same time, the US side will have raised the tax rate on China’s $250 billion in goods from 25% to 30% on October 1, but US President Donald Trump announced on September 11. The tariff time for the US$250 billion increase in Chinese exports to the US will be postponed from October 1 to October 15.

On September 12, Chinese companies resumed purchasing US agricultural products. Chinese companies have begun to make inquiries on the procurement of US agricultural products. Soybeans and pork are all within the scope of the inquiry. It is hoped that both China and the United States will follow each other and create favorable conditions for the consultation.

China and the United States have released goodwill from each other, and the outside world has raised expectations for an agreement between China and the United States.

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