U.S. And China Resumes Trade Talks In Shanghai
China and the United States resumed trade talks on Wednesday in Shanghai with the tweets showering by Donald Trump stating that Beijing had not started buying American U.S. farm products. The U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin led the conversation while Chinese Vice Premier Liu He led the trade talks.
“In trade negotiations, nothing is decided until everything is decided, although it’s possible there will be some baby steps, some partial landing zones, to build confidence,” said James Green, a former U.S. diplomat and trade official who is now an adviser at McLarty Associates, a consulting firm.
The trade talks will set to continue until Wednesday afternoon. It started on Tuesday as a working dinner on the same day when China’s top leaders met for the quarterly review of the economy. Yesterday Trump said that his team is negotiating with China but they don’t come through the deal.
He wrote on Twitter “China is doing very badly, worst year in 27 – was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through. Our Economy has become MUCH larger than the Chinese Economy is last 3 years….”
According to the media outlets, the situation between the two of the team is quite harmonious. While Trump claimed that China is not buying farm products, a commentary run by CCTV said that millions of soybean products had been loaded on ships and has been destined to China.
Some people in the US should do the job of building up the foundation [for talks] instead of demolishing it,” it added. “Otherwise, it would only undermine bilateral cooperation and miss an historical opportunity.”