Widening differences between the US and China, and more US tariffs are likely
The United States and China have yet to resolve their major differences on how to resume negotiations. Though both sides continue to have discussions over the phone, no in-person talks have been scheduled so far. Patience appears to be wearing thin within the Trump Administration, and the chance that both sides will fall back into stalemate and further escalate tariffs is growing.
US Trade...
High-level officials have yet to set a date for the next round of trade talks after phone conversation this week
While top-level negotiators from both sides spoke on the phone on Tuesday, neither side has announced when the next round of trade talks will begin. No deadline has been set for the conclusion of a trade deal, and hope for a deal appears to be low. Meanwhile, both sides appear to be assessing each other’s intentions before scheduling any official talks,...
Trump and Xi expected to announce tariff truce at the G20, while pressure builds ahead of their meeting
Presidents Donald Trump and Xi Jinping are likely to announce a suspension of additional tariffs and resumption of trade talks at their lunch meeting on Saturday, June 29, on the sidelines of the Group of Twenty (G20) Summit running from June 28 to 29. However, whether Trump will ultimately decide to impose or delay additional tariffs on $300 billion of Chinese imports will depend...
Trump and Xi will meet at the G20 summit, but whether they can reach a deal is unclear
During a phone call on Tuesday, Presidents Donald Trump and Xi Jinping agreed to meet on the sidelines of the G20 Summit, which runs from June 28 to 29 in Osaka, Japan, and to start trade talks prior to their meeting. It remains unclear if trade talks, once resumed, will lead to a trade agreement between the two countries. Meanwhile, industry groups and congressional lawmakers...
Presidential meeting between Trump and Xi still not confirmed for the G20, while both sides continue to dig in
While President Trump this week played up his expectations of a meeting with President Xi at the G20 Summit near the end of June, the meeting so far has not been confirmed by either government. China continues to be silent about the meeting, and expectations for a deal being reached at the meeting—if it does occur—are low.
Throughout this week, President Trump...
Planning yet to begin for presidential meeting as China announces additional responses to US pressure
Despite comments by President Donald Trump this week about an anticipated meeting with President Xi Jinping, plans of a presidential meeting at the G20 in late June do not appear to be underway. USCBC sources have indicated that to date neither side has taken the usual first step of officially requesting a meeting. While time is short for preparations to be made, both governments...
China’s rhetoric intensifies with neither side ready to return to the negotiating table
Chinese government officials this week amplified their accusations against the United States over US tariff actions and the US demands in the trade negotiations, and announced the creation of a new black list of “unreliable” entities that may be targeted in China.
Speaking to reporters on Thursday, Chinese Vice Foreign Minister Zhang Hanhui sharply criticized US unilateral trade actions...
Trade talks still on hold while the United States plans to mitigate damage from tariffs
No progress appears to have been made this week on US-China trade negotiations. China is signaling its preparation for an extended trade dispute with the United States. Meanwhile, the Trump Administration is facing pressure from US industry and Congress on its plan to impose tariffs on an additional $300 billion of Chinese imports, while also considering how to mitigate the potential harm from the...
Next steps of US-China negotiations unclear due to US actions on Huawei
Trade talks between the United States and China appear to be on hold, with tensions exacerbated by the recent tariff escalation by both sides and actions taken by the United States on Chinese technology company Huawei. No plans have been announced on the next steps, but President Trump this week said he will meet with President Xi at the G20 Summit from June 28 to 29 in Osaka, Japan.
Trade tensions rapidly...
Issues still left to be sorted out at next week’s negotiations, but both sides hope to reach a deal by end of next week
This week’s negotiations at the principal level in Beijing achieved more progress on issues, such as the enforcement mechanism and the rollback of tariffs, but there are difficult issues that remain to be sorted out next week, including access to China’s cloud computing market and industrial policies. Both sides are racing to complete the agreement by the end of next...
