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China, U.S. to Resume Face-to-Face Talks
Top-level trade negotiators from the U.S. and China will meet in Shanghai on Monday for three days of talks aimed at avoiding further trade war escalation.
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Top-level trade negotiators from the U.S. and China will meet in Shanghai on Monday for three days of talks aimed at avoiding further trade war escalation, sources tell Bloomberg News.
Previous talks appeared close to a deal, but they collapsed in May after the U.S. accused China or reneging on agreed-upon terms. Both sides announced a new round of punitive tariffs and declared themselves in no rush to resolve their differences.
Presidents Donald Trump and Xi Jinping met at the G20 economic meeting in Japan last month and again agreed not to escalate the trade war further. But since then they have not engaged in serious negotiations.
Analysts predict that next week’s talks will focus more on the status of negotiations to date rather than a dive into remaining hurdles, Bloomberg says.
Both sides have signaled their determination not to budge on the two key issues. The White House is demanding major structural reforms to China’s economy, and China wants the U.S. to drop tariffs on Chinese goods ahead of an agreement.
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