After having assailed China with customs duties in the spring, the American president, Donald Trump, wants to maintain a relative agreement with it, in the hope of a meeting with his Chinese counterpart Xi Jinping in the fall. This provision explains the new spirit of compromise which reigns in the management of litigation subjects with Beijing by the White House – and which makes the supporters of a stronger containment of Chinese catch -up.
The negotiators of the first two economies met on Monday July 28 in Stockholm, Sweden, and were to continue discussions on Tuesday. But it is likely that they agree on an extension of the truce to which they had reached at a high tension summit, in Geneva on May 10 and 11, after six weeks of climbing in the tariff war. “With China, the agreement expires on August 12 (…) And we are going to work on a probable extension ”said the American Treasury Secretary, Scott Bessent, on July 22 on CNBC. “Trade is doing well with China. We are going to talk about many other things that our countries can do together. »»
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