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Trade war China talks with US in October

Despite a new mutual survey China announced Thursday that the United States had agreed to maintain dialogue with the United States, planned "in early October," when the trade war would begin to severely affect their economy.

Although bilateral negotiations should have been held in September on an unspecified date and the mere fact which maintaining contact was enough to reassure the market and online trading brokers and more you can.

The trade war between China and the United States has been a significant global economic issue, characterized by escalating tariffs and trade barriers imposed by both sides. The roots of this conflict can be traced back to longstanding trade imbalances, intellectual property disputes, and concerns over China's industrial policies and market access.

The trade tensions intensified in 2018 when the Trump administration initiated tariffs on billions of dollars' worth of Chinese imports, citing unfair trade practices and intellectual property theft. In response, China retaliated with its own tariffs on American goods, sparking a tit-for-tat exchange of trade restrictions. These tariffs covered a wide range of products, from agricultural goods to manufactured goods, affecting industries in both countries.

The trade war had far-reaching implications beyond just the two countries involved. Global supply chains were disrupted, businesses faced increased costs, and consumers experienced higher prices for goods. Additionally, financial markets were volatile as investors reacted to the uncertainty surrounding trade negotiations and the possibility of further escalation.

Efforts to negotiate a resolution to the trade dispute have been ongoing, with both sides engaging in multiple rounds of talks. However, reaching a comprehensive agreement has proven challenging, as the issues at stake are complex and deeply entrenched.

The trade war took on added significance amidst broader geopolitical tensions between the two superpowers. Issues such as technology competition, human rights concerns, and territorial disputes further complicated efforts to find common ground on trade issues.

Despite the change in administration in the United States in 2021, with President Biden taking office, the fundamental challenges underlying the trade relationship between China and the U.S. remain unresolved. While there have been some shifts in tone and tactics, the broader strategic competition between the two countries continues to shape their economic relations.

The trade war has underscored the interconnectedness of the global economy and the challenges of managing trade disputes in an increasingly complex and interdependent world. Moving forward, finding a mutually beneficial resolution to the trade tensions between China and the United States will require concerted efforts and compromises from both sides, as well as engagement with other stakeholders in the international community.

Despite a month of negotiations, Asian stock markets wanted to see the glass half full. The Chinese Trade Ministry said on Thursday that China's chief negotiator, Liu Hei, had met with US Trade Representative Robert Lightizer and Treasury Secretary Steven Mnuchin.

The exchange took place five days after the entry into force of a new mutual customs surcharge. The United States will now impose punitive tariffs on virtually all Chinese trade in mid-December.

China increased US $ 75 billion in product tariffs

Beijing also announced this week that they have complained to the World Trade Organization (WTO) in response to a new U.S sanctions.

Donald Trump threatens a more stringent trade war if Beijing is re elected. The US president predicts job hemorrhaging in China is not taking into account the US industrialists suffering from his protectionist policies.

Economists at the Washington based think tank Peterson Institute for International Economics questioned the White House's rent claims.

They said in a report that manufacturing employment in China was "slower than last year, but 20-35in before the imposition of tariffs."

The destruction of jobs directly attributed to the trade war seems to be minimal. Trade disputes between Beijing and Washington, which began last year are now threatening the growth of the world's largest economy.

George Xu of Moody's rating agency says the gradual but steady rise of trade disputes between China and the United States is already hurting economic activity "says George Xu of Moody's rating agency.

Several companies have already corrected the downward trend in recent days, predicting China's growth for the next year to be less than %% 25% against 28.6% in 2018. It will almost certainly be its slowest 30 years.

According to an official index in the wake of weak domestic demand, production in China continued to slow down in the fourth month in August.
 Support plan
Symptoms of pressure on its economy, Beijing on Wednesday announced new stimulus that "while China is under economic pressure" following a meeting chaired by Prime Minister Lee Kekiang, the state-owned news agency China is new.

In order to facilitate small and medium-sized enterprises, the government has called for the central bank to reduce its reserve requirement ratio, which is the most dynamic in employment but is out of proportion to the larger population. Not very profitable.

On the other side of the Pacific Ocean, several hundred American companies and business groups told the Trump administration last month about the fear of US jobs in new surcharges on Chinese products.

Due to uncertainties related to trade tensions, production activity in the U.S. was contracted for the first time in three years in August.