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Commercial war: United States and China announce a break

UNITED STATES, WASHINGTON (OBSERVATORY) — The truce is not yet signed, but the climate is calm. Beijing and Washington announced Wednesday, September 11, a pause in the escalation of their trade war , which should allow them to resume negotiations in early October.

Donald Trump said in the evening, “as a sign of good will,” he postponed to October 15, rather than the first, the tariff increase of $ 250 billion worth of goods imported from China.

Earlier, at a press briefing from the Oval Office of the White House, he praised Beijing’s decision to exempt some US goods from punitive tariffs, seeing them as “a strong gesture” before a planned round of bargaining. in the US capital in the presence of Liu He, the Chinese vice premier.

Affected by the trade war, China announced the first, Wednesday, the cancellation of additional tariffs on sixteen categories of products imported from the United States. However, they will continue to apply to most imports made in the USA , including soybeans and pork.

Towards the signing of an agreement?

Since March 2018, the first two world powers have been engaged in a merciless trade war that has resulted in mutual tariffs on hundreds of billions of dollars in bilateral trade. In early May, the two sides were on the verge of signing a trade deal when talks came to a head, with the Trump administration accusing China of having reversed all its commitments.

Washington is demanding that the Chinese authorities put an end to “unfair” business practices, including the forced transfer of technology, massive subsidies to Chinese state-owned enterprises, and the theft of intellectual property. The American president insists that he will sign an agreement only if it is a “good agreement”, that is to say if it understands the “structural changes” requested. Otherwise, he will continue the tariff war, he warned.

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