Negotiations between American and Chinese officials, who are starting this Monday, July 28 in Stockholm on Monday, July 28, are unlikely to lead to announcements as striking as those in recent days about the agreements concluded with Japan and the European Union, warns Bloomberg.
“The negotiations between Washington and Beijing follow a different path, customs duties for China being much higher than those imposed on other countries, hence much more delicate bilateral exchanges”, explains the American media.
In fact, “One of the biggest unknowns concerning the global economy” relates to the future of relations between the United States China, underlines The New York Times.
The daily recalls that China has been the only country to instantly retaliate the customs duties announced by Donald Trump on the “Liberation Day” in early April. Beijing had immediately imposed a 34 % tax on imports of American products, as well as restrictions on its exports of rare land, triggering an escalation – Donald Trump reacting by taxing Chinese imports at 145 % – which had “Practically put an end to trade between the two countries”.
A fragile ceasefire
Since then, two negotiation cycles, in May and June, have
