After 15 months-long trade war, US and China trade talks to resume again

after 15 months-long trade war, us and china trade talks to resume again

US and China major trade negotiators are scheduled to meet on Thursday to figure out an option to end the 15-month dispute, as new spurs between the two world’s largest economies threaten people’s hope for improvement. Liu He, the Chinese Vice Premier, US Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin, will seek to narrow their differences to avoid the US$ 250 billion worth of China Goods tariff originally scheduled for October 15. Which is about human rights violations of Muslim minority groups in China’s Xinjiang province.

But the talks were tainted due to a decision by the Commerce Department of the US on Monday. The department blacklisted 28 Chinese surveillance firms, public security bureaus, technology. The decision was based on Muslim minority groups’ violations of human rights in Xinjiang province in China. After a day, the State Department of US levied visa restrictions on Chinese officials associated with the Xinjiang issue. Imports of all Chinese goods in the US may be subject to castigatory tariffs in the argument which burst during U.S. President’s time in office. This situation may happen if the talks break down once more by 15th December. According to Wilbur Ross, commerce secretary, tariffs on the Chinese goods were working. It forced Beijing to focus on concerns of the US related to Beijing’s trade practices.

According to some media reports, both the economies are considering a “temporary” agreement to suspend the further planned US tariffs in exchange for extra purchases of US agricultural products. The president constantly terminated this idea, saying that he needs a “big deal” with Beijing to solve the core copyright issue. The two sides oppose the US request for China to improve the protection of US intellectual property rights, stop cyber theft and compulsory transfer of technology to Chinese companies, control industrial subsidies and raise the access of US companies to the largely closed Chinese market.

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