Bloomberg, citing a source familiar with the US-China trade negotiations, said the latest comments made by US President Donald Trump when lowering the possibility of a trade agreement with China should not be interpreted as Negotiations are stalled.
Earlier, on 3 December, Mr. Trump said that a US-China trade agreement could be pushed back after the US presidential election in November 2020. "I don’t have a deadline," Mr. Trump told journalists while in London, where he was preparing a meeting with leaders in the North Atlantic Treaty Organization (NATO).
An anonymous White House official insisted that Mr. Trump signed a bill on democracy and human rights in Hong Kong and the US House of Representatives through the Xinjiang bill that does not appear to affect trade negotiations between the US and China .
According to the source, US negotiators are expected to reach a first-phase agreement with China before the effective date of the US tariff package on December 15.
Principal strategist Seema Shah, of Principal Global Investors, said that Mr. Trump could not recur a slump in the US stock market like at the end of 2018, when he intensified his trade war with China. Quoc, made investors panic.
"The Chinese government believes that President Trump desperately needs a deal before the end of the year, when the race to the White House is really heated," Shah said. "Mr. Trump’s latest statement is nothing more than a negotiation tactic."
The two world economic powers are negotiating to finalize the first-phase trade agreement when the 15% tariff barrier on US $ 165 billion of Chinese goods is about to take effect on December 15. The contentious issue is the Chinese commitment to the purchase of US agricultural products and the corresponding concessions from the Washington administration.
Speaking at a news conference on Wednesday, Chinese Commerce Ministry spokesman Gao Feng said the two sides were "maintaining close contact" and reaffirmed that tariff reduction is a condition. to reach the first stage trade agreement between the two countries.
On December 5, the Wall Street Journal reported that the United States and China have yet to agree on the amount of agricultural products that China will buy from the United States.
President Trump is asking China to buy $ 40-50 billion worth of agricultural products each year - far higher than the $ 8.6 billion it bought in 2018, the Wall Street Journal quoted close sources as saying. The US government also asked China to publicly announce plans to buy agricultural products and said it did not depend on market conditions or China’s commercial obligations.
However, in other positive developments, Larry Kudlow, Director of the White House National Economic Council (NEC), said the US and China are "close" to the trade deal, but the Washington government is ready to turn around. face the deal if the US doesn’t get the terms it wants.
Earlier, the White House head said on Thursday that trade talks with Beijing were going very well. Mr. Trump added something about possible tariff barriers, but added that they have not discussed the issue yet.
