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Americans and Chinese meet in Sweden to maintain the commercial status quo: News

Nevertheless,

Americans chinese meet sweden maintain:

US. Consequently, Chinese officials must meet on Monday in Stockholm, the Swedish capital, with the main objective of extending the commercial break between the first two world powers, in an always uncertain context.

This is the third meeting between Beijing. Therefore, Washington, after those in Geneva in May and London in June which had made it possible to end commercial climbing between the two countries.

She arrived at the start of a decisive week for President Donald Trump’s trade policy. Meanwhile, the customs duties applied to most of the main business partners in the United States to know a sudden increase on August 1.

As it stands, products entering the United States could be taxed between 10% and 50%. Therefore, Brazilian products are those subject to the highest rate, when Mexico is threatened with americans chinese meet sweden maintain a surcharge of 30%. For example, And the Canadian neighbor by 35%.

What increase the average customs duties applied to imported products. already at its highest level since the early 1930s, according to data from the Lab Budget Research Center of the University of Yale.

Beijing could even feel privileged: certainly. its products collect 30% surcharge in addition to customs duties in place before January 1, but no unpleasant surprises are coming for the weekend, offering welcome visibility for Chinese industrialists.

The discussions in Stockholm aim to extend the 90 -day break negotiated in May in Geneva. which had ended reprisals on both sides of the Pacific behind 125% from American products and 145% on Chinese products.

An objective that should be achieved. according to the Chinese daily South China Morning Post, who assured Sunday that the truce should be extended by americans chinese meet sweden maintain an additional 90 days.

Relaxation seems to be started. “a significant development seems to appear in the (American) government approach to China,” said Minerva’s strategy, Emily Benson for AFP.

US officials are now “concentrated on what is achievable. to put oil in the cogs and avoid new tension subjects,” she adds.

– 15% for the EU –

For the time being. no agreement on the merits have been reached between the two capitals, even if progress has been made on subjects deemed essential on both sides.

Washington thus obtained a relaxation of the export restrictions of the Chinese rare earths when Beijing saw. its access to the most efficient American semiconductors being partly restored.

In the opinion of all. an extension of the break should be the main conclusion of Stockholm negotiations, which would be seen as “a americans chinese meet sweden maintain sign of the desire to continue to discuss on both sides”, according to Thibault Denamiel, researcher for the CSIS in Washington.

While waiting for the next step: a meeting between Donald Trump and his Chinese counterpart Xi Jinping.

In the immediate future. the markets should react positively, after the conclusion of trade negotiations between the United States and the European Union (EU).

At the end of a meeting between Donald Trump. the president of the European Commission, Ursula von der Leyen, in Scotland, the American president announced on Sunday that the EU had agreed to be imposed 15% of customs duties and undertook to invest $ 600 billion in the United States, with no details on the deadline.

A “good agreement, which will bring stability and predictability” on both sides of the Atlantic, assured Ms. Von Der Leyen.

Nevertheless. and americans chinese meet sweden maintain despite a break of customs duties, improperly presented by Donald Trump as being “reciprocal”, first until July 9 and then until August 1, Washington was able to win only five other trade agreements, more often declarations of intention than formal agreements.

Indonesia. Japan, the Philippines, the United Kingdom and Vietnam have so far been able to get along with Washington and given their potential customs duties to be reduced, a priori between 15 and 20% for most of them.

For other countries, August 1 will be synonymous with the application of the surcharge announced by Donald Trump.

Posted on July 28 at 4:08 a.m.

Americans chinese meet sweden maintain

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delaney.knight
delaney.knight
A Miami marine reporter, Delaney maps coral-reef heartbreaks with watercolor sketches and policy sidebars.
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