[ad_1]
The United States and China will resume negotiations to avoid a full trade war, reports Bloomberg.
The paper writes that representatives of US Finance Minister Steven Mnuchin and Chinese Vice Premier Liu He are conducting private negotiations while looking for ways to resume negotiations. that the United States is treated unfairly in the global trading system. He would prefer to have bilateral trade agreements.
Show more
In recent weeks, both parties have refused to give up, which has led to stagnant negotiations. This week, Americans will discuss their trade position with China, writes Bloomberg.
However, Mnuchin's attempt to resolve the situation is complicated by the fact that the US trade representative Robert Lighthizer has become harder on China.
Lightizer had jurisdiction over the investigation which led to an increase in US tariffs on Chinese goods. In the investigation, it was concluded that China had stolen US technology and that higher tariffs were needed to correct the damage.
The next wave of US Customs is already scheduled for Wednesday. The Chinese have promised to respond with equal amounts of customs on American goods. (Terms)
[ad_2]
Source link
Tags China DNno States talks trade United
