The US Expects To Resume Trade Discussions With China, Without Accepting Tariff - TNBC USA

The United States expects to re-initiate trade discussions with China after US President Donald Trump and President Xi Jinping meet in Japan on Saturday but Washington will not receive any conditions on tariffs, a senior administration official said on Tuesday.

Both sides could agree not to enforce new tariffs as a decency gesture for getting negotiations resuming according to the official, but it was unclear if that would happen.

The United States was not interested to come to the Xi meeting with concessions, said the official, who represented on the condition of anonymity.

The US President and Xi will meet in a summit at the Group of 20 summit meeting in Osaka, the first time they have done so since trade discussions between the two largest economies dismissed in May.

The advisors of the US President have said no extensive trade deal is predicted to be signed at the meeting but they expect to make a way for moving forward to the discussions as the two powers remain locked in a trade war which has thrashed international markets and hit the world economy.

Once the discussions restart, they could continue for months even years for executing, according to the senior officials.

The United States clearly wants China to reinitiate the position which it portrayed in a draft trade agreement that was almost completed before Beijing resisted at some of its terms, specific requirements to change its laws on key issues.

Washington intends China to bring changes in the sequential practices along with intellectual property and requirements that US-based companies share their technology with Chinese firms in order to run a business there.

According to the officials, the US President and Chinese President were supposed to get into the fine details of the draft trade pact, although the case of Chinese tech giant Huawei Technologies Co may come up during discussions.

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