🇺🇸

China Suggests Way to Compromise with US to Reach Trade Deal

Credit: Newsy Studio
Published 2 weeks ago - Duration: 01:02s

China Suggests Way to Compromise with US to Reach Trade Deal

A top Chinese trade official suggested both sides be given the right to take trade enforcement actions against the other.

Advertisement

China Suggests Way to Compromise with US to Reach Trade Deal

A  top Chinese trade official  is suggesting a way to compromise with the U.S. in order to potentially come to a trade agreement.  China's vice commerce minister, Wang Shouwen, floated the idea that both sides should have the right to take trade enforcement actions against the other after a deal is struck.

Speaking at a news conference in Beijing over the weekend,  Wang also said  he's "hopeful" about the negotiations, which have been ongoing for months.  But last month,  U.S. Trade Representative Robert Lighthizer  told a House panel that there's still more work to be done before an agreement could be reached with China.  He also outlined what enforcement could look like if the two sides come to a consensus — saying  the U.S.  will push for regular meetings at different government levels to ensure that the potential pact is being enforced.  President Donald Trump  decided not to increase tariffs on $200 billion worth of Chinese goods on March 1 as originally planned after recent "productive" trade talks.  The president also said that if more progress is made, he may plan a summit with Chinese President Xi Jinping at Mar-a-Lago to solidify the agreement. 

You are here

Recent related news from verified sources

President Donald Trump said Wednesday he'll keep tariffs on China until he is sure Beijing is complying with any trade deal the two nations reach.Trump, speaking...
2 days ago • Newsmax

Danske Bank analysts point out that they are still waiting for the date of the meeting between Xi Jinping and Donald Trump, at which they are set to sign a trade...
13 hours ago • FXstreet.com

Asian stocks seesawed on Friday responding to Thursday’s upbeat data from the US, latest optimism surrounding Brexit and doubts over the US-China trade deal....
20 hours ago • FXstreet.com

Beijing (AFP) March 21, 2019 Senior US officials will visit Beijing for a new round of trade war talks on March 28-29, followed by a trip to the United States...
11 hours ago • Energy Daily

U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement "will probably happen," adding that his call for tariffs to...
13 hours ago • Reuters

U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement "will probably happen," adding that his call for tariffs to...
12 hours ago • Reuters

Recent related videos from verified sources

Tariffs On Chinese Goods Could Last 00:33
Credit: Wochit News - Published 2 days ago 

Trade Deal Between the U.S. and China is Likely as Talks Resume, Puzder Says 02:09
Credit: Cheddar Inc. - Published 2 days ago 

Wall Street Moves To U.S.-China Trade Optimism 00:41
Credit: Wochit - Published 1 week ago 

U.S.-China Trade Uncertainty Hits S&P 500 00:38
Credit: Wochit - Published 1 week ago 

You might like