Read our previous posts: U.S. – China War explained
Recent Developments
Pamela Coke-Hamilton, head of international trade at UNCTAD, said that due to the size of the economy in the United States and China, the tariffs imposed by the two countries will inevitably have a major impact on international trade.
Both sides were earlier in the stage of a 90-day tariff truce, which began on Dec. 1 at the sidelines of the G20 summit in Buenos Aires. Now they have been moving into a new round of high-level economic and trade consultations in Beijing.
With only half a month left in the trade “close truce” period on March 1, the task is quite urgent and significant for both parties who are trying to end the trade conflict through dialogue.
- Liu He, China’s Vice-Premier
- Robert Lighthizer, US Trade Representative
- Steven Mnuchin, Treasury Secretary
New Upcoming Talks
The two-day talks are led by Liu He, Chinese Vice-Premier and also a member of the political Bureau of the Communist Party of China Central Committee, and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, with the participation of dozens of senior officials from both governments.
Viewpoints from experts
Liu Zunyi, former president of the Chinese University of Hong Kong, published a book entitled “Path to common good: The China-U.S. Trade War and Future Economic Relations “, hoping to let everyone understand that neither of the two sides sees its relationship with the other as a zero-sum game.
Professor Liu has been optimistic in predicting that the Sino-US trade war is likely to end in March.Need advice on finding the best strategy for your company in China? Get in touch with our team for a consultation and follow us on social media to receive the latest news
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