US‑China trade deal hopes rise: High-stakes talks on horizon
The US President hopes to reach an agreement with China on tariffs. He is urgently seeking a phone conversation with Beijing regarding this issue. China is open to trade talks with Washington but has specific conditions.
What do you need to know?
- China is ready for trade talks with the USA, but they have set certain conditions for the Trump administration. According to Bloomberg.com, negotiations are on hold. They can begin when Washington demonstrates readiness and meets Beijing's expectations.
- China demands consistency in US policy, especially regarding Taiwan and technological development.
- China expects the appointment of a liaison for negotiations who will have President Trump's support.
What conditions is China setting?
China has signaled its willingness to engage in trade talks with the USA, but under specific conditions. Beijing expects more respect from Donald Trump's administration and a retraction of derogatory remarks from cabinet members. A statement by JD Vance, referring to the Chinese as "peasants," met with strong reactions from Beijing.
What else does Beijing expect?
Beijing also demands a more consistent US stance on matters such as Taiwan. Additionally, clear declarations regarding technological development plans are expected. The United States is preventing China from acquiring the latest technologies, which is one of the contentious issues. China wants the USA to appoint a contact person for negotiations who will have President Trump's support.
What are the current trade relations?
Currently, trade relations between the USA and China are tense. The United States has imposed high tariffs on Chinese goods, to which Beijing responded by raising tariffs on American products. The tariffs on imports from China to the USA are at 145 percent, and China's retaliatory tariffs on American goods are at 125 percent.
