U.S., China trade talks will be successful: Trump
- 5 years ago
미중, 무역합의 이르면 5월말 서명 추진…트럼프 "성공 느낌"
The U.S.-China trade dispute that rocked global financial markets in recent months could be reaching a turning point.
A new round of negotiations between the two countries to kick off soon.
Cha Sang-mi provides a glimpse of what to expect.
U.S. President Donald Trump held out hopes this week that trade talks with China will be a success, and the negotiations are (quote) "moving along quite well."
He added (quote) "You'll be hearing about it very, very shortly."
This comes after a report by The Wall Street Journal, saying the United States and China are scheduling two rounds of face-to-face talks in a bid to reach a deal to their protracted trade row by next month, according to people familiar with the plans.
Under the tentative timeline, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be travelling to Beijing the week of April 29th, followed by Chinese Vice Premier Liu He making a visit to Washington the week of May 6th.
The officials are said to finalize their negotiations, so President Trump and Chinese President Xi Jinping can sign off on a deal by late May or early June.
Beijing is preparing to host more than 40 world leaders at the second Belt and Road Forum for International Cooperation in Beijing next week.
Washington and Beijing are locked in negotiations to draw a line under their nine-month trade tussle.
The world's two largest economies had reached a truce in their trade war in December of last year.
At the time,... Washington delayed a decision to impose 25 percent tariffs on Chinese goods worth some 200 billion U.S. dollars.
"If America continues to levy 10 percent on Chinese imports, there isn't any much improvement on the part of Korean trade only when America removed 10 percent tariffs on Chinese imports, then we might have a beneficial effect through Chinese trade."
Professor Shin Se-don says that Korea, which imports a lot of intermediary goods to China, will see no significant changes unless the current tariffs are completely removed.
Cha Sang-mi, Arirang News.
The U.S.-China trade dispute that rocked global financial markets in recent months could be reaching a turning point.
A new round of negotiations between the two countries to kick off soon.
Cha Sang-mi provides a glimpse of what to expect.
U.S. President Donald Trump held out hopes this week that trade talks with China will be a success, and the negotiations are (quote) "moving along quite well."
He added (quote) "You'll be hearing about it very, very shortly."
This comes after a report by The Wall Street Journal, saying the United States and China are scheduling two rounds of face-to-face talks in a bid to reach a deal to their protracted trade row by next month, according to people familiar with the plans.
Under the tentative timeline, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be travelling to Beijing the week of April 29th, followed by Chinese Vice Premier Liu He making a visit to Washington the week of May 6th.
The officials are said to finalize their negotiations, so President Trump and Chinese President Xi Jinping can sign off on a deal by late May or early June.
Beijing is preparing to host more than 40 world leaders at the second Belt and Road Forum for International Cooperation in Beijing next week.
Washington and Beijing are locked in negotiations to draw a line under their nine-month trade tussle.
The world's two largest economies had reached a truce in their trade war in December of last year.
At the time,... Washington delayed a decision to impose 25 percent tariffs on Chinese goods worth some 200 billion U.S. dollars.
"If America continues to levy 10 percent on Chinese imports, there isn't any much improvement on the part of Korean trade only when America removed 10 percent tariffs on Chinese imports, then we might have a beneficial effect through Chinese trade."
Professor Shin Se-don says that Korea, which imports a lot of intermediary goods to China, will see no significant changes unless the current tariffs are completely removed.
Cha Sang-mi, Arirang News.