USA & China to relaunch talks with little changed since deal cancelled
According to the recent buzz, the United States of America and China are now set to relaunch the trade talks this week just after a two-month concerns but a year after their trade negotiation started there is little sign their differences have observed.
Reportedly, after meeting with the president of the China Xi Jinping in Japan just in last week of June month, the United States of America president, Donald Trump agreed to cancel a new round of affairs on around $300 billion worth of imported Chinese consumers goods while the two world’s biggest economies resumed negotiations.
The American president told that the China would ready to restart biggest purchase of the United States agricultural commodities and the United States of America would raise some export restrictions on the telecom equipment giant of China called Huawei technology.
As per the report, the source familiar with the trade talks and Chinese trade watchers in Washington told that the summit did quite small to clear the path for major negotiators in order to resolve an impasse which affected the trade deal talks to break down in early May.
The official of America said last week that the discussions were anticipated to resume with a phone call between the American Trade Representative Robert Lighthizer and The Vice Premier Liu He and Treasury Secretary of China, Steven Mnuchin. Reports said that the call was expected this week, but no further details issued.
The America is demanding that the China would make sweeping policy changes for getting better protect USA intellectual property, end the forced transfer and then theft of trade secrets as well as curb massive state subsides of industries. It is also said that the dominance of the high-tech firms of the future from the artificial intelligence to aerospace.