US-China Trade Talks ‘Constructive,’ More Talks Expected in September, White House Says
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin traveled to Shanghai for July 30 and 31 talks on a comprehensive U.S.-China trade deal, the White House said July 30. Vice Premier Liu He and Commerce Minister Zhong Shan led the Chinese delegation, it said. “The two sides discussed topics such as forced technology transfer, intellectual property rights, services, non-tariff barriers, and agriculture.” The Chinese “confirmed their commitment to increase purchases” of U.S. agricultural exports, it said. “The meetings were constructive, and we expect negotiations on an enforceable trade deal to continue” in Washington in early September, it said. The Shanghai meetings were the 12th round of negotiations that started in December, and were the first face-to-face talks between the sides since the negotiations broke down in May over Trump administration allegations that the Chinese reneged on previously agreed-to commitments. Overhanging the talks is the threat that the administration could put the List 4 Section 301 tariffs into effect at any time on virtually all Chinese goods not previously dutied.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Sen. Chuck Schumer, D-N.Y., cautioned Trump against giving in to China. "I’d say to President Trump 'I know these multinational corporations are pressuring you to cut a quick deal,'" Schumer said. "The president should not listen to these big corporations who want him to cut a deal quickly." Trump should also "hold tough on Huawei," Schumer said on the Senate floor July 31. "Don’t let there be giant loopholes. I am told that under the proposal being talked about, eighty percent of Huawei’s products could still be sold in the U.S. If we have a total boycott of Huawei, then China will beg us -- beg us -- to come to the table be make big concessions. It’s the best leverage we have, even better than the tariffs. China wants Huawei to dominate the world. They’ll find a way to do it unless we are tough as could be."