Posted on 08/16/2018 3:42:54 PM PDT by mandaladon
China and the U.S. are set to resume trade talks for the first time since June. A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform.
It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs. The U.S. side will be lead by Under Secretary of the Treasury for International Affairs David Malpass.
China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chilal global economic growth.
The delegation led by a deputy commerce minister will visit in late August to discuss “issues of mutual concern,” the Commerce Ministry announced Thursday. It gave no details of a possible agenda.
The two governments are poised to impose a new round of tariff hikes on $16 billion of each other’s goods next week in their worsening conflict over Beijing’s technology policy.
The Commerce Ministry said Beijing “reiterates its opposition to unilateralism and trade protectionism and does not accept any unilateral trade restrictions.”
This month’s meeting would be the first between senior U.S. and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.
(Excerpt) Read more at breitbart.com ...
We don’t need any trade with the Chinese. There are dozens of small countries around the Pacific Rim who are dying to sell us their products.
I’m sure the chicoms will fight until they have no other choice to keep the free money from tariffs coming into the country.However it may screw up their production schedules in some areas since they have to import almost everything they use.
My guess is the whole thing will be settled by tariffs not being ended but just reduced which may have been the plan to begin with. But that won’t be the end.Trump will not rest until free trade is just that free and fair trade.
The only way to straighten out China is to introduce competition to their low priced goods. That means India which could happen down the road.
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