The United States and China are set to relaunch trade talks this week after a tw...
WASHINGTON/NEW YORK - The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.
But sources familiar with the talks and China trade watchers in Washington say the summit did little to clear the path for top negotiators to resolve an impasse that caused trade deal talks to break down in early May. “The pressure for one side to give into the other is diffused right now. I expect this to drag out for months,” Scissors added.Washington and Beijing appear to have different ideas of what the two leaders agreed in Osaka.
Trump administration officials have also downplayed the extent of pledges to allow Huawei to purchase U.S. technology products, with White House trade adviser Peter Navarro saying that only “lower-tech” U.S. semiconductors could be made available for sale to the company.. China’s foreign ministry cited Xi as telling Trump at Osaka that “on issues concerning China’s sovereignty and dignity, China must safeguard its core interests”.
Lighthizer has insisted on legal changes to make it more likely that Chinese reform pledges will be carried out.
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