Media: trade talks China and the United States could be held in August
China and the US in August to conduct trade negotiations, to evaluate the implementation process concluded in January the first part of the bargain, reports the newspaper South China Morning Post, citing an informed source.
Officially, Beijing and Washington continue to insist on willingness to fulfill the obligations under the trade agreement, but relations between them strained on a number of issues.
The publication notes that although China has in recent months greatly increased their purchase of U.S. agricultural products, because of the pandemic, COVID-19 these volumes are still far from the promise the Chinese side in the framework of the first phase of the bargain. However, according to observers, claims to close the Consulate General in the territory of each other, as well as a number of other issues can undermine any progress made on trade issues progress.
According to the newspaper's source, the negotiations will take part the Vice-Premier of the state Council of the PRC Liu he and U.S. trade representative Robert Lighthizer. Under the deal, which was signed on 15 January and came into force a month later, negotiations at the highest level should take place every six months. The source pointed out that the meeting will be a "major inflection point" which will allow both parties to evaluate progress in the implementation of the transaction.
However, the newspaper's source added that in the case that owing to the prevailing in relations between Washington and Beijing tensions, the parties will not be much of an attempt to hold the meeting at the moment, they can agree that a telephone conversation between Liu he, Robert Leitheiser and the Secretary of the Treasury Stephen Mucina held on may 8, granted the item "about the meeting" as part of the transaction.
Earlier, the US Secretary of state Mike Pompeo said that Washington looks forward to the implementation of China's obligations under the first phase of trade agreements and hopes to see a change of behavior on all issues. In turn, the official representative of the Chinese foreign Ministry Hua Chunying said that China hopes that the trade deal with the US could still be implemented.
The US and China on 15 January signed the first part of the trade agreement, in which Washington kept the fee at the rate of 25% on Chinese goods in the amount of about $ 250 billion, along with 7.5% for goods with a volume of $ 120 billion. The agreement stipulates that China will buy American industrial goods with $ 75 billion, energy at $ 50 billion, agricultural products at $ 40 billion, another 35-40 billion dollars in the next two years, China will have to spend on services. So the US expects to bring the imbalance in trade with China, which totaled hundreds of billions of dollars, for a "fair" indicator.