Will US and China resume trade talks after Trump-Xi meeting?

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US and China May Resume Trade Talks Following Trump-Xi Meeting

The United States hopes to restart trade negotiations with China after the meeting between President Donald Trump and President Xi Jinping in Japan on Saturday. However, Washington has stated it will not accept any conditions on existing tariffs, though a mutual agreement to refrain from imposing new tariffs could serve as a goodwill gesture to facilitate the resumption of discussions.
Preparation for Leaders' Meeting

Chinese Vice Premier Liu He, a key negotiator for Beijing, held a phone conversation on Monday with his US counterparts, United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. This dialogue is intended to help lay the groundwork for the upcoming discussion between the two heads of state. Expectations for the meeting are currently moderate, with the most optimistic outcome being the recommencement of official trade talks.
Stance on Negotiations and Tariffs

China has indicated that both parties should be prepared to make compromises during trade talks, emphasizing that any agreement must be mutually beneficial. While China desires the lifting of US tariffs, the United States is seeking changes in Chinese practices concerning intellectual property rights and the mandatory technology-sharing requirements for US companies operating in China. The resumption of negotiations could potentially put on hold the US threat to impose tariffs on an additional US$325 billion of Chinese goods, which would cover almost all remaining Chinese imports.
Potential Timeline and Scope of Talks

Advisers to President Trump are focused on establishing a pathway for future discussions, rather than expecting a comprehensive trade deal to be finalized during the leaders' meeting. Once official negotiations recommence, they could potentially span several months or even years to reach a conclusion. It is anticipated that further meetings between senior trade officials from both countries will likely begin after the G20 summit concludes.
Discussion on Specific Issues

While the leaders are not expected to delve into the intricate details of a draft trade pact, certain specific issues may arise. The case involving Chinese technology giant Huawei Technologies Co. is one such matter, as pressure on the company has intensified recently. The US government has designated Huawei as a security threat, and this designation could be a point of discussion during the trade talks.

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Will US and China resume trade talks after Trump-Xi meeting?

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