US-China Trade Negotiations Restarting This Week? - Forex News by FX Leaders
US-China trade war

US-China Trade Negotiations Restarting This Week?

Posted Tuesday, July 9, 2019 by
Arslan Butt • 1 min read

After a long spell of two months of uncertainty, trade negotiations between US and China are set to resume officially this week. The trade war has dragged on for a year now, with both sides hiking tariffs on each other’s imports.

At the G20 summit at the end of June, US President Trump met with his Chinese counterpart, Xi Jinping, and called for a truce in the tariff hikes as talks resumed between the two countries’ trade teams.

According to a US official, a call is scheduled to take place between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He this week. On the agenda as trade talks progress will be the issue of forced technology transfers, IP protection, state subsidies to industries, and of course, tariffs.

While Trump has put off the next round of tariffs on Chinese goods worth over $300 billion, the Chinese is keen to take up the issue of the ban on Huawei in the discussions. Meanwhile, the US wants China to commit to making agricultural purchases as part of their negotiations towards a trade deal.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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