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Talks resume in the ongoing China-US trade spat

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By China Daily – Asia News Network

There’s been a resumption of talks in the China-US trade.’war’ Analysts are hoping the restart in talks between top negotiators from both nations will deliver a win-win outcome.

China’s Vice-Premier Liu He spoke by phone with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on Tuesday. According to reports, officials exchanged views on implementing the consensus reached by the two heads of state during the G20 Summit. The Chinese Minister of Commerce Zhong Shan also joined the conversation.

Yan Jinming, executive dean of the National Academy of Development and Strategy at Renmin University of China, says the consensus reached between the two countries’ leaders set a positive tone for future high-level economic and trade talks.

“I hope China and the US will properly solve their differences and conflicts about the trade issue, cooperate with each other and seek win-win results, so as to enhance the well-being of people from both countries and the rest of the world,” Yan said.

Diao Daming, associate professor at Renmin University of China’s School of International Studies, said the essence of China-US trade friction is competition between huge economies.

“The China-US high-level economic and trade consultations have been resumed. The main goal of the talks is to stabilise bilateral relations through ad hoc mechanisms and set an example for solving potential problems in the future,” Diao said.

The two countries have exchanged tariffs on billions of dollars in a tit-for-tat spat targeting each other’s imports, while Washington has tightened its restrictions on many Chinese companies, including global telecom giant Huawei.

Read the rest of the story HERE.

 

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