Talks On U.S.-China Trade War To Potentially Resume
China’s chief trade negotiator, Liu He, has opened up the possibility of another round of face-to-face trade talks.
He would want the talks to take place in Beijing and to occur before the Thanksgiving holiday. The offer for another round of talks marks a very prolonged process to de-escalate the U.S.-China trade war. U.S. Trade Representative Robert Lightizer and Treasury Secretary Steven Mnuchin were invited to represent the U.S. in these talks.
However, the U.S. is hesitant to fly to China unless there is a guarantee that movement will be made on key issues. These issues include the purchasing of agricultural products and the handling of intellectual-property protection. The U.S. wants China to stop pressuring American companies to hand over key information on technology they develop.
Trade talks have stagnated for many reasons. One main reason being the bill passed by Congress condemning the violence in Hong Kong.
China has not conceded the U.S.’ demands. As President Donald Trump’s election draws nearer and the impeachment inquiry into him grows stronger, China is hoping that Trump’s need for a win will help deescalate the trade war without China making key concessions.