US and China Had Highly Constructive Trade Meetings in Shanghai to Continue in Washington in September

US and China Had Highly Constructive Trade Meetings in Shanghai to Continue in Washington in September

FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports.

The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC.

Both sides issued brief statements after the 1st face-to-face meetings since President Trump and Chinese President Xi in June calling for a resolution to the long running dispute.

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin left Shanghai with a pledge to keep talking, following a working dinner Tuesday and a half-day meeting Wednesday.

China’s Commerce Ministry said “both sides … had a candid, highly effective, constructive and deep exchange on major trade and economic issues of mutual interest.” It said negotiators discussed more Chinese purchases of US agricultural products, but did not say there was any agreement to buy more.

“We expect negotiations on an enforceable trade deal to continue in Washington … in early September,” White House spokeswoman said in a statement. “The Chinese side confirmed their commitment to increase purchases of United States agricultural exports.”

Hu Xijin, editor-in-chief of China’s Communist Party-controlled Global Times, wrote on Twitter the negotiators had discussed increasing purchases of US farm products, and the “US side agreed to create favorable conditions for it.”

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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