China confirmed that it will participate in trade negotiations with the United States on May 9 and 10

The Chinese negotiator Liu He will be Thursday and Friday in the US capital, said Tuesday the Ministry of Commerce of the Asian giant, decision that denies the rumors of the cancellation of the dialogue and maintains the hope that the world's two largest economies will make peace this weekinstead of putting an end to the truce that began in December.

The conclusion of these negotiations was uncertain after Trump announced Sunday his willingness to raise tariffs on Chinese import products to the tune of $ 200 billion as of May 10.

"The tariff increase will not solve any problemA Chinese Foreign Ministry spokesman said on Tuesday that China hoped the two sides "would be able to resolve their legitimate concerns and strive to reach a mutually beneficial agreement," he said. he adds.

The Trump administration verifies "an erosion of commitments" of China during negotiations held last week in Beijing, he declared to the Wall Street Journal, without specifying what commitments it is.

Chief negotiator Robert Lighthizer, quoted by the US media, said Monday resumed talks this week and accused the communist regime to revert some of its commitments.

Lighthizer confirmed that the new sanctions will come into effect on Friday from 4.01 GMT, without specifying whether this could change with the negotiations.

After the fall of global stock markets on Monday, especially in China, Treasury Secretary Steven Mnuchin said the markets' reaction "has no influence" on the ongoing talks.

This Tuesday The Shanghai Stock Exchange closed up 0.69% Tuesday, after a decline of more than 5% the day before..

The Trump administration wants to rebalance trade between the two countries and reduce the colossal deficit of the United States ($ 378,730 million in 2018, including the surplus of services).

In addition to the greater openness of the Chinese market to US products, the United States is calling for structural changes to put an end to the forced transfer of technology, the "theft" of intellectual property or subsidies to state-owned companies.

Agreement or conflict?
The new round of negotiations is considered the last, resulting in a result or leading to a new trade war. "We think both parties want to reach an agreement", said Barclays economists.

Until now, the US economy had limited the impact of the trade war, but experts suggest that this would have consequences if the conflict went on.

The new tensions contrast with the months of negotiations described as "fruitful" by the United States.

For the moment, the situation seems favorable to Trump, with growth stronger than expected in the first quarter (+ 3.2%), compared to a Chinese economy affected last year by tariffs.

According to Trump, China has more to lose than the United States in this conflict at most, it can only apply customs duties to $ 120,000 million of US goods (amount of exports in 2018).

According to the Sino-US Economic Council, US exports to China fell last year and US states that export the most suffer from Chinese tariffs.

(With information from AFP and EFE)