Start Asia Commercial War: Beijing and Washington resume negotiations

Commercial War: Beijing and Washington resume negotiations

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Trade talks are to resume Thursday, May 9 in Washington between Chinese and Americans, and then Donald Trump threatens to impose new taxes on all Chinese products imported to the United States. The announcement of these new …

Chinese Vice Premier Liu He, Secretary of State for the Treasury Steven Mnuchin and US Trade Representative Robert Lighthizer at a meeting in Beijing on May 1, 2019. Andy Wong / Pool via REUTERS

Trade talks are to resume Thursday, May 9 in Washington between Chinese and Americans, and then Donald Trump threatens to impose new taxes on all Chinese products imported to the United States.The announcement of these new tariffs has angered Beijing, which does not prevent the US president to post a certain optimism.

With our correspondent in Washington, Anne Corpet

“ China informs us that the Deputy Prime Minister is coming to the United States to conclude an agreement “ assured Donald Trump on Twitter before adding: “ I am very happy with the additional customs duties, they report a hundred billion dollars by year „.

Excited by the slow pace of negotiations, the US president decided last Sunday to raise taxes on $ 200 billion worth of Chinese products imported from 10 to 25%. The measure is expected to come into force this Friday, May 10, at the risk of provoking Chinese retaliation and escalation in the trade war between the two countries.

The US administration, however, said that Donald Trump could reconsider his decision in case of compromise. The United States wants to see its huge trade deficit with China go down, but also demands major concessions on technology transfers, intellectual property and Beijing subsidies to the public sector.

Talks are set to be tense: the Treasury Secretary revealed earlier this week that China has backtracked on important commitments.