The governments of the United States (US) and China claimed to have made civilization in their trade negotiations and agreed to meet again in Beijing.
The two sides worked hard to find the best solution that could end the financial conflict between the two countries before the termination period of the termination of the tariff was completed on March 1.
On Thursday (1/31/2019), US President Donald Trump wrote that he would send two of his trustworthy negotiators to China after the two countries’ trade negotiations that had been held for the past two days had been completed in Washington.
Finance Minister Steven Mnuchin and US Trade Representative Robert Lighthizer were set to visit China in mid-February to hold the next round of conversations.
Trump also opened a direct face-to-face meeting with President Xi Jinping after receiving a legitimate invitation from the Chinese leader. Trump had mentioned on his Twitter account that the two countries’ trade agreements would not be affordable until he and Xi Jinping met soon.
The two leaders of the country might be able to exchange ideas after Trump implemented his plan to meet home with North Korean leader Kim Jong Un in February.
“Both teams have made civilization extraordinary, but that doesn’t mean we already have an [trade] agreement,” Trump told reporters in the Oval Office after meeting with Chinese Deputy Prime Minister Liu He, as quoted by Bloomberg.
At the same opportunity, Trump wrote that China had agreed to purchase large amounts of US soybeans. The offer was called a sign of good intentions.
The agreement between the two parties to continue to negotiate added hope that the two countries with the world’s largest economy could find techniques to resolve their conflicts before March 1.
If it fails, the Trump administration has claimed to boost tariffs on imports of merchandise worth the US $ 200 billion from China.
However, there is not much concrete evidence that they have bridged the differences between urgent issues such as China’s intelligence on intellectual property and the involvement of the state in its economy.
Based on information from an acknowledgment published by the Xinhua news agency on Friday (1/2/2019), conversations between the two parties were held honestly, accurately, and productively. Although there are no further details, the dialogue between the two countries is said to have made civilization important.
Meanwhile, in a statement, the White House merely wrote that it had made civilization even though there was still little work to be done.
The White House stressed its threat to boost tariffs on March 1, when it is not affordable satisfactory trade agreements.
To reporters, Lighthizer on Thursday wrote that both parties had been involved in intense and detailed discussions. Much of the talks focused on US demands for China’s structural reforms this week.
However, he acknowledged that both parties had just begun to form negotiation documents. This is a sign that there are many activities left to complete the substance.
Many parties in the US business community continue to pick up caution about the agreements they fear could leave many complex problems in unresolved economic relations.
Myron Brilliant, executive vice president and head of international affairs at the US Chamber of Commerce, said, even though civilizations are being reached this week, the practice is still not a little hard work that must be sought.
The slow conversation and a mountain of issues that still had to be agreed upon to compile what could become a tense time to the limit of the period of March 1. Trump’s and Xi Jinping’s face-to-face meetings are considered the only technique to bridge their differences.
“The statement certainly signifies progress, but limited civilization about the core of a long-term structural issue that alienates both parties,” said Eswar Prasad, a professor of trade intelligence at Cornell University.
“The statement was completed with the threat that China needs to offer more substantive concessions to enable an agreement to be reached which could avoid further tariffs.”