Officials in the Trump administration and counterparts in Beijing have finally reopened a line of communication for talks on an escalating trade conflict, according to a report on Tuesday, though plans for formal negotiations have not been finalized.
US Treasury Secretary Steven Mnuchin has already begun speaking with Chinese Vice-Premier Liu He, Bloomberg reported, adding that high-level talks are taking place this week. At various points in recent rounds of trade negotiations, Mnuchin and He were tapped as point men for the two sides.
US stocks and offshore yuan both gained following the news.
The sign that Washington and Beijing are edging closer to reengaging in dialogue comes after more than a month of stalled talks, with little indication that progress was being made. Chinese President Xi Jinping, along with He, is said to have been caught off guard after the White House abruptly backed out of a tentative deal in late May.
Both sides had previously declared a truce to avoid the imposition of tariffs, while negotiations on China’s proposal to increase purchases of American energy and agricultural products was ongoing. Then on the eve of US Commerce Secretary Wilbur Ross’ arrival in Beijing for the third round of talks, the White House announced that tariffs will be imposed, even while talks continued.
The decision to send the hawkish Ross in place of Mnuchin was seen as a sign that the White House had decided to take a harder line in talks with Beijing. The Trump administration’s approach to trade talks with China has been characterized at points by disagreement among officials, which is said to have confounded their counterparts in Beijing.
What? The US & the west treated China as a malnourished homeless beggar. After the west made China a hub for their hi-tech industrial production – but after learning the western ways, trade & know-how, they now act like a viper that bites/stings the feet/hand of her rescuer. Intent on driving away the owner & benefactor. What did China ushered into the world? What hi-tech machines have they invented? All they did was copy, steal & reverese engineer what the west have. The fault of the west is to give but the reciever China was overwhelmed with greed and envy. What an attitude!
Then , why is china begging to talk to America about the tarriffs.?
Dont forget.. these weapons are " single use," fake , copies made from stolen , poached and pirated origionals.
Dont fall for the cheap prices either .Cheap forced labour produced them. These weapons are made by the same country that robs poor people in poor countries with weak governance by exporting such fake, use oncce , goods like – – Nike boots – -that are made to last only half a game of soccer.
In rhe heat of bettle, these weapons will dis-inergrate and make you vulnerable to your enemies who own superior /origional weapons.
Thats what happened to the (China armed,) Iranian revolutionary guards when they fired at Israel from Syria. Israel"s srealth and precision weapons poved too superior, effective and powerfull.
Do your country a favour.. .Dont buy from the deceitfull Red dragon even if it offers to finance it with its "soft loan,s" .
Many counties are trapped in the chinese "debt trap" and are looking for ways to escape it right now.
Contact Pakistan,Kenya, Sri lanka, Bankladesh, Tonga and Malaysia to confirm how China decieved them and got them trapped in its "Soft loan Debt trap"