China and the United States have a little over a month to come to a trade agreement, or the U.S. is set to raise tariffs on $200 billion worth of Chinese goods — from 10 percent to 25 percent.
And that’s just for starters.
According to Western media – citing officials involved in the negotiations – China has offered to import more American products in order to erase the trade deficit by 2024.
The Wall Street Journal also reported that the United States is considering lifting tariffs on Chinese goods to facilitate a deal before the March 1st deadline.
Next week, a Chinese delegation led by Vice-Premier Liu He is due in Washington for another round of high-level talks.
To discuss all of this:
- Paolo Von Schirach is president of the Global Policy Institute
- Morgan Muchnick is a Republican strategist and founder of the M2 Group
- Qinduo Xu is a senior fellow at Pangoal Institution
- Saruhan Hatipoglu is CEO of Business Environment Risk Intelligence and CGTN’s global economics analyst
To discuss the upcoming meeting between U.S. President Donald Trump and the DPRK’s Kim Jong-un:
- Paolo Von Schirach is president of the Global Policy Institute
- Morgan Muchnick is a Republican strategist and founder of the M2 Group
- Qinduo Xu is a senior fellow at Pangoal Institution
- Brian Becker is the executive director of the ANSWER Coalition
For more:
BREAKING: U.S. cancels trade planning meeting with the Chinese as U.S. asks China to sweeten offer and amid stalled progress over IP enforcement – source https://t.co/mhQsFv0PLD
— CNBC Now (@CNBCnow) January 22, 2019
A US trade deal with China won't be perfect – it doesn't need to be https://t.co/0d4k2aksk9#TradeDeal #InternationalTrade pic.twitter.com/j0U24h2Wei
— Global Training Center (@XportNow) January 22, 2019
Last June, Donald Trump and Kim Jong Un had a historic meeting in Singapore, but despite great anticipation, there hasn’t been much clear progress toward denuclearization. Now the two leaders are scheduled to meet again next month. Although they haven’t officially announced the location of this second summit, all signs point to Vietnam.
Joining the discussion:
- Brian Becker is an analyst on US-DPRK relations
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For more:
The second summit between US President #DonaldTrump and Kim Jong-un, top leader of the Democratic People's Republic of Korea (#DPRK), is expected to take place in #Vietnam, US media reported Sunday.
— China Daily (@ChinaDaily) January 20, 2019