A week after President Donald Trump and Chinese counterpart Xi Jinping met in Japan and agreed to restart their trade talks, now reports started circulation that US and Chinese officials are working to schedule a top-level telephonic trade talks next week.
But Beijing this week showed no sign of softening its position, with the Commerce Ministry announcing Thursday that any resolution would require Washington to lift the steep tariffs it imposed on Chinese imports last year. Its worth mentioning that face to face meeting has not been scheduled yet.
“I know they’re working on coming up with a date for so-called face-to-face meetings. That will happen,” top White House economic advisor Larry Kudlow told Fox Business Network on Friday (July 5) “I don’t know if that’s this coming week. I think the phone calls are this week. The face-to-face may not be for another week, but I don’t want to get ahead of that curve,” he said.
President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or a deadline to strike an agreement. While Trump said he would hold off imposing additional tariffs on $300 billion of Chinese goods as part of the truce, his top trade negotiators have insisted that some duties will stay in place even after a deal as a way to enforce it.
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