US, China Map the Path to Trade Dispute Resolution

US, China Map the Path to Trade Dispute Resolution

 China and the United States discussed the road map for the next stage of their trade talks early Tuesday, during a telephone call between Vice Premier Liu He and US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.

This month in Argentina, Presidents Trump and Xi agreed to a truce that delayed the planned 1 January 2019 increase of tariffs to 25% from 10% on $200-B worth of Chinese goods.

Mr. Lighthizer said Sunday that unless US-China trade talks wrap up successfully by 1 March 2019, new tariffs will be imposed, clarifying there is a “hard deadline”.

China’s Ministry of Commerce, in a brief said Premier Liu had spoken to Messrs Mnuchin and Lighthizer early Tuesday morning, Beijing local time, in a pre-arranged telephone call.

“Both sides exchanged views on putting into effect the consensus reached by the two countries’ leaders at their meeting, and pushing forward the timetable and road-map for the next stage of economic and trade consultations work,” the Ministry said in a statement. 

The Harvard-education Premier Liu, Xi’s Top economic advisor, is leading the talks on the Chinese side.

In comments reported separately by state television Tuesday, the Chinese government’s Top diplomat, State Councillor Wang Yi, said if China and the United States cooperated, it would benefit the whole world.

“If China and the United States are antagonistic, then there are no winners, and it will hurt the whole world.”

Stay tuned…

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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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