Thursday, US President Donald Trump will meet Chinese Vice Premier Liu He during his visit to Washington for trade talks, the White House said on Monday.
Beijing and Washington are engaging in high-level talks this week as part of negotiations intended to walk back trade tensions between the globe’s 2 largest economies.
The World Trade Organization (WTO) launched an investigation into President Trump’s tariffs on $250-B of Chinese goods, ratcheting up tensions as the 2 nations are set to begin a new round of trade talks on Thursday.
A US envoy to the WTO called the inquiry “pointless” and “entirely hypocritical.”
“China is currently damaging the United States not only through its forced technology transfer practices but additionally by imposing discriminatory duties on over $100-B in US exports.”
China will not be expecting a resolution to the investigation any time soon due to a backlog in the WTO dispute settlement system.
Latest posts by Paul Ebeling (see all)
- Gold Market Struggles, as Central Banks and Super Wealthy Buy - December 10, 2019
- F1: Ferrari’s (NYSE:RACE) Binotto is “happy” that Lewis Hamilton is Available for 2021 - December 10, 2019
- Fed May Launch QE-4 Before Year-End to Ease Market Stress - December 10, 2019