Overseas media: Trump pours cold water on Sino-US trade consultations

China's superhard materials network reported on August 23 that foreign media said that at the invitation of the US, Chinese negotiators will start negotiations with the team headed by US Deputy Treasury Secretary Malpas on the 22nd. Officials said the talks aimed to resolve trade disputes between China and the United States and may open the door for more rounds of talks.

The name is no end of the dispute "timetable"

According to a Reuters report on August 20, US President Trump said on August 20 that it is not expected that much progress will be made in this week's trade talks with China in Washington.

In an interview, Trump said that he did not have a "timetable" to end the trade dispute with China. This dispute has the potential to impose tariffs on all goods traded between the two major economies.

He said: "I am like them, I also have a long-term vision."

According to the report, the US plan to impose tariffs on Chinese goods worth 16 billion US dollars will take effect on the 23rd, and China will impose retaliatory tariffs on the same amount of US goods.

The US Trade Representative Office will also hold a hearing this week on proposals to impose tariffs on another $200 billion in Chinese goods. If tariffs are imposed on these goods, they will directly hit consumer products.

Trump said that the Chinese negotiators will arrive soon and said that he "has little expectation" for this medium-level consultation.

He said that solving the trade dispute with China "needs time because China has gained too much in too long."

The report said that Trump also accused China of manipulating the RMB exchange rate to make up for the tariff imposed by the US government. It also said that the Fed’s interest rate policy should be more relaxed.

The talks, which are expected to be held in Washington on the 22nd and 23rd, are the first formal Sino-US trade negotiations since June. In June, US Secretary of Commerce Ross met with Chinese officials in Beijing, but the two sides did not reach any agreement.

According to the report, since then, Washington and Beijing have been taking tariff actions in a tit-for-tat manner. Trump threatened to impose tariffs on almost all of the more than $500 billion worth of Chinese goods exported to the United States.

This week's Washington talks will be hosted by US Deputy Treasury Secretary Malpas and Chinese Vice Minister of Commerce Wang Shouwen.

According to the US "Wall Street Journal" website reported on August 20th, despite widespread opposition from US companies and a new round of Sino-US trade negotiations, the Trump administration will further promote the import of Chinese goods this week. tariff.

According to people familiar with the internal discussions in the government, the government’s dual action – seeking to impose tariffs on Chinese goods worth $200 billion and restarting the abolition of tariffs – highlights differences within the US government: US Treasury negotiators come up with With carrots, the US Trade Representative Office waved a big stick threat, and they all got approval from President Trump.

One person who closely followed the discussion said: "Trump is a businessman." The source said that unless China comes up with a specific plan, Trump will continue to put pressure on China.

US officials said Trump continued to be suspicious and tough on China. On August 17, Trump attended a fundraising event on Long Island, New York. According to two people attending the event, Trump focused on China.

At the invitation of the US, Chinese negotiators will begin negotiations with the team headed by US Deputy Treasury Secretary Malpas on the 22nd. Officials said the talks aimed to resolve trade disputes between China and the United States and may open the door for more rounds of talks.

The opposition to tax increases in the United States is rising

According to the US "Washington Post" website reported on August 20th, the US Trade Representative Office launched a six-day public hearing on the 20th that President Trump plans to tax the 200 billion US dollars of Chinese products. As the economic losses brought about by the confrontation with China are increasing, the voice against the president to correct the problem through tariffs is growing.

Sporting goods manufacturers, candle manufacturers, footwear companies, semiconductor manufacturers and other companies will attend a hearing organized by the US Trade Representative Office and beg for a new round of tariffs.

According to a Reuters report on August 20, US companies from many industries sent a signal to the Trump administration: the imposition of tariffs on Chinese goods worth 200 billion US dollars will force Americans to increase their daily expenses, from the cradle to The coffin is too numerous to mention.

Beginning in the 20th, the United States will hold a six-day hearing on the imposition of a tariff of up to 25% on Chinese goods. This is part of the measures taken by President Trump and the US trade representative to force China to substantially adjust its trade and economic policies.

According to the report, unlike the previous rounds of taxation, this taxation will directly hit thousands of consumer goods by the end of September. The targets of the previous rounds were Chinese industrial machinery, electronic components and other intermediate products. The starting point was to protect American consumers.

The $200 million tax collection of Chinese goods involves seafood, furniture, lighting, tires, chemicals, plastics, bicycles and baby car seats.

“The trade representative proposed to impose tariffs on China’s $200 billion in goods, which will dramatically increase the damage to American consumers, workers, businesses and the US economy,” the American Chamber of Commerce said in a written testimony from the hearing.

The hearing will respond to more than 1,400 written comments received by the US Trade Representative Office, and most companies believe that these tariffs will hurt.

In addition, according to the Hong Kong "South China Morning Post" website reported on August 21, at a public hearing in Washington, representatives of US companies said that the imposition of tariffs on imported goods would significantly reduce their business.

They made the remarks at the opening ceremony of the six-day hearing. Witnesses say these imported goods are vital to their business activities.

Witnesses say that China's labor quality, China's production capacity and the impossibility of transferring supply chains to other countries in a short period of time have led them to oppose further punitive tariffs on Chinese goods.

Data Map: In a supermarket in the United States, Tsingtao Brewery competes with beer from all over the world.

According to the report, at the opening ceremony, witnesses from the industries of luggage, textiles and clothing unanimously praised the Chinese workers for their exquisite skills in an industry that was almost completely unrelated to national security. National security is the government’s high tariff. One of the buzzwords commonly used in defense.

Ross Bishop, the president of a company specializing in the production of pilot suitcases, said that Chinese workers are "very good at" jobs. He also said: "If you choose the right factory, they are actually artists."

Bishop said: "Trolley bag does not pose a threat to national security." He described the tit-for-tat trade war as a political dispute, and his company is a "chick" in the dispute.

The report said that when defending tariffs, the Trump administration cited China's ambition to become a world leader in technology and innovation. But this reason has made it difficult for many people with lower technology industries to put their products on the proposed list.

This round of consultation is paving the way for the next round

According to the US Consumer News and Business Channel website on August 20th, an international trade scholar said that China and the United States will hold talks in Washington later this week, trying to find common ground in the escalating trade war. But don't expect the two sides to reach a "major agreement."

The report said that the market is paying close attention to this round of bilateral trade negotiations aimed at resolving the escalating Sino-US trade war. The Sino-US trade war may engulf all trade between the two largest economies in the world. However, according to Alex Capri, a visiting senior researcher at the National University of Singapore Business School, China and the United States have major differences on some issues.

According to the US "Washington Post" website reported on August 20, Chinese and US officials will discuss ways to resolve the current business deadlock, but the talks basically have no hope of making a breakthrough.

According to the report, in addition, President Trump’s negotiating objectives are not clear, and the prospects for the consultations are uncertain. In the May negotiations, US officials handed over a wish list to China, which included a desire to substantially reduce the US trade deficit with China, stop subsidizing new technology industries, immediately eliminate various tariff barriers and non-tariff barriers, and promised no retaliation. Measures taken by the United States in the future.

Jeff Munn, the US trade official of the Obama administration, said: "This list is long and comprehensive, which is equivalent to China's 'cooking the sea'. This is unrealistic. If you do not correct these problems, set operational targets, trade. There is no end to the conflict and there is no possibility of cooling down."

In addition, there are still differences between the hard-line faction represented by White House consultant Navarro and officials represented by Finance Minister Mnuchin, in the Trump administration. The former wants to force American companies to stop relying on Chinese factories, while the latter advocates adherence. Traditional trade policy.

Former US trade official Claire Reid said: "We still don't know what Trump wants in the negotiations."

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