"Although the global financial markets are concerned about the arrest of Meng's late boat in Canada, fearing that it will re-strain Sino-US relations and undermine trade negotiations, there are signs that Sino-US trade negotiations are progressing." Washington also decided to postpone the imposition of punitive tariffs on $200 billion of Chinese goods after Beijing announced a suspension of tariffs on American-made cars in the first three months of next year, AFP said Wednesday. The U.S. Trade Representative Office officially raised tariffs on China's $200 billion products from 10% to 25% in the Federal Gazette on March 14, 2019. Now the world is watching the trade negotiations between Washington and Beijing, hoping that the 90-day tariff truce will continue and that the two sides will end the trade war. Although it is impossible to solve every problem with China within 90 days, Colvin, vice chairman of the National Council on Foreign Trade, said he hoped that "progress can be institutionalized" and "both sides need to find a win-win path".
Trade negotiators from the two countries exchanged views by telephone this week on a timetable for further negotiations. U.S. exports to China fell 25% in November from a year earlier, as high tariffs on hundreds of American goods weakened demand.
According to Reuters on December 14, the US Trade Representative Office (USTR) officially adjusted the time of imposing tariffs on $200 billion of Chinese products to March 2, 2019, Eastern Time. The change was made by the Office of the United States Trade Representative in the Federal Government Chronicle. The United States originally planned to impose tariffs on $200 billion worth of Chinese products from January 1, 2019, raising the tax rate from 10% to 25%. This adjustment does not affect the 25% tariff that the US has imposed on Chinese science and technology products valued at $50 billion. Reported that the change has also been added to documents related to the U.S. Office of Trade Representatives launched a "301 clause" investigation into China's intellectual property policy. The survey was the basis for US tariffs on Chinese products, which led Beijing to retaliate against the US. The statement by the U.S. Trade Representative's Office did not specify what the outcome of the Sino-US negotiations might be.
To some extent, Beijing's actions have brought optimism to the financial market, the report said. But it is still very difficult to reach an agreement that will satisfy both sides. Yu Yongding, a researcher at the Chinese Academy of Social Sciences, said: "I think any response to the United States should be aimed at stopping the trade war, provided that China does not accept the ultimatum and that negotiations must be conducted in stages. If the Chinese government considers these requirements acceptable, it will work. Don't forget that China never wants to engage in trade wars. "Sino-US contest: Can the cease-fire be turned into an end-of-war?" According to the Voice of Germany (DW), the United States can only achieve the effect of "killing the enemy by one thousand and self-destructing by eight hundred" through trade tariffs, which has been strongly criticized at home. Therefore, trade wars can only be used as a means of pressure in negotiations and can not solve all economic conflicts between the two countries. The report quotes scholars as saying that while China's economic situation is about to rebound, the U.S. economy is likely to cool again. However, the effectiveness of these measures is time-limited, when the United States loses its "doping effect", it will want to really negotiate with China to solve the problem.
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