translated from Spanish: China to trade negotiations with the US on May 9th and 10th

Chinese Deputy Prime Minister Liu He will participate on 9 and 10 Of May in a new round of trade negotiations with the United States in Washington despite the frictions of the last days, the Chinese Ministry of Commerce announced today.
The unexpected announcement on Monday of US President Donald Trump that he would apply new tariffs on Chinese product imports had raised uncertainty about Chinese participation in the new talks in Washington.
Chinese government sources had hinted that they were studying their assistance, although Chinese Foreign Ministry spokesman Geng Shuang stated that the Asian giant’s delegation would come, but did not specify a date.
Thus, China’s Ministry of Commerce confirmed that Liu will eventually travel to Washington on May 9 and 10 to participate in the eleventh round of trade deals along with the US foreign Trade representative, Robert Lighthizer, and the Treasury Secretary of that Country, Steven Mnuchin.
On Monday, China responded with warmth to the tariff hike announced by Trump and, instead of counter-attacking as at other times, it merely confirmed that a delegation would travel to the United States to continue the negotiations.
Asked by journalists at the Daily press conference, Geng responded that the Chinese delegation was still “preparing for the journey.”
Hours before Geng’s statements, the independent daily South China Morning Post and some other economic means had indicated, based on official sources, that China was studying to delay or cancel the trade negotiations in which it was to Participate in a delegation of the country this week in Washington.
Geng merely noted that it hopes that both countries will continue to work together for a “mutually beneficial” agreement, and “also in the interest of the United States and the international community.”
Last week, another round of negotiations was held in Beijing led by Mnuchin, who stated that the talks had been “very productive”, so it seemed that after the trip to Washington of the Chinese delegation led by Liu was going to be able To sign a definitive agreement.
However, Trump’s announcement blurred the negotiations and provoked a debacle in Chinese stock markets, which plummeted on Monday.
Trump assured through the social network Twitter that the negotiations to reach an agreement continued advancing, but that they did “too slow”.
The US president warned at the end of last year that, if he did not reach an agreement with China before 1 March, it would raise the current 10% to 25% the tariffs that apply to imports of the Asian giant worth 200 billion of dollars.
However, it finally opted to extend this deadline to give room to the negotiations held by both countries since last December 1, in the framework of the G-20 summit in Buenos Aires, Trump and the Chinese president, Xi Jinping, agreed a truce to treat To solve the tariff war that started a year ago.

Original source in Spanish

Related Posts

Add Comment