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US and China return to the negotiating table in Washington

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  • Fri, 02/22/2019 - 11:58
China Usa
  • EFE

The teams from the United States and China began a new round of trade talks in Washington on Wednesday, ten days after the deadline given by President Donald Trump to raise tariffs on the Asian giant if there is no agreement.

The national delegation is headed by Robert Lighthizer, Foreign Trade representative, and is accompanied by Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross.

On the Chinese side, the negotiating team is headed by deputy prime minister Liu He, along with central bank governor Yi Gang and deputy finance minister Zheng Zeguang.

The talks will last for two days and, although there is no confirmed meeting of Liu with Trump, it is possible that he will be received by the president in the White House at the end of the round.

Both teams come from holding a similar match last week in Beijing.

Trump met on Saturday with the team of negotiators who traveled to China last week and called the talks "very productive".

The question now is whether Beijing and Washington will reach a pact before the end of March, established by Trump, who has warned that if an agreement is not reached, raise the tariffs imposed on Chinese products worth 200,000 million of dollars from 10% to 25%.

President Trump, however, has opened the door in recent days to a possible delay in the application of this tariff increase if there is significant progress.

"The date marked is not magic, many things can happen", Trump told to reporters at the White House on Tuesday.

The president has remarked that it would be an "honor" to withdraw these tariffs if a pact with Beijing is finally reached that includes greater access for American products to the Chinese market.

Chinese President Xi Jinping and Trump agreed on a December 1 truce, which means that the deadline to close a final trade pact expires on March 1.

China has adopted several measures of goodwill to close an agreement, such as the lowering of tariffs on imported US vehicles, the resumption of the purchase of soy from this country or the presentation of a bill to prohibit the transfer forced technology. 

Source-EFE

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