- The Office of the United States Trade Representative announced on Monday that the two sides will start a deputy ministerial meeting in Washington.
- The US wants a deal that would ultimately solve the problems of intellectual property theft and technology transfer issues.
- US President Trump announced last week that the deadline for raising tariffs will be postponed from October 1 to October 15.
According to news sources, the United States and China are expected to launch a face-to-face trade talk with deputy ministers in Washington on September 19. The meeting is also seen as a prelude to higher-level trade negotiations between the two sides next month.
The Office of the United States Trade Representative announced on Monday that the two sides will start a deputy ministerial meeting in Washington, but did not provide more details. Earlier, US Chamber of Commerce President Tom Donohue said that US trade negotiator Robert Lighthizer was seeking a “real agreement” with China. Lighthizer told senior executives at several companies the deal would ultimately solve the problems of intellectual property theft and technology transfer issues, Donohue said.
Donohue said that Lighthizer also pointed out that Beijing and Washington have made progress on key issues in trade negotiations. However, Lighthizer did not mention whether China and the United States will reach a transitional trade agreement.
Donohue admits that he believes that it is difficult for China and the United States to reach an agreement that can resolve all disputes. He said he is still optimistic that the two sides can reach an agreement in the October negotiations.”I’m also a dead-ass realist and this is not a simple problem,” Donohue said.
Lighthizer and Treasury Secretary Steven Mnuchin are expected to meet with China’s chief trade negotiator Liu He in early October. This will be the first trade talk between the China-US trade delegation since the end of July. US President Trump announced last week that the deadline for raising tariffs will be postponed from October 1 to October 15, but experts believe that economic factors related to trade wars have an impact on both China and the United States.
Stephen Kho, who served as the chief advisor to China’s policy implementation at the US Trade Negotiations Office, said in an interview with Reuters that the economic effects of the trade wars have gradually affected China and the United States. He said “both sides are feeling the pain now. So an interim deal could be done, but if they’re looking for a comprehensive deal … that will be very hard,” Kho said.
In view of the current US-China trade dispute, US President Trump said Thursday evening that the two sides can reach an interim agreement. Trump said he will consider the options discussed by the analysts for signing the interim agreement. Previously, both the United States and China have made certain reconciliation gestures.
The Beijing leadership welcomed Trump’s delay in raising tariffs and signaled a willingness to ease tension. Now people are hoping that the two sides plan to hold the next high-level meeting in Washington in early October.