China-US trade talks started in Beijing

Trade negotiations between the United States and China officially began in Beijing. 

Last Friday, the Chinese Ministry of Commerce informed that the American delegation will visit China on January 7-8 to hold trade talks. 

At 9.00 local time, a motorcade of more than ten cars led by a car with the numbers of the US Embassy, as well as the American flag, arrived at the building of the Chinese Commerce Ministry.

The US delegation, as previously reported, is headed by Deputy US Trade Representative Jeffrey Jerrish. In addition, among the delegates is the Deputy US Treasury Secretary for International Affairs, David Malpass. 

In early December, on the sidelines of the G20 summit in Argentina, the leaders of the United States and China agreed on a “truce” in a trade war. PRC Chairman Xi Jinping promised to correct the situation with the trade imbalance and begin to purchase significant amounts of agricultural and other goods from the United States. American President Donald Trump agreed on January 1 not to raise from 10% to 25% duty on goods from China imports of $ 200 billion a year, if the parties will be able within 90 days to agree on a certain range of issues.

Tom Tompson
d3umka@yahoo.com

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