Economic superpowers are working to obtain an agreement that reduces commercial tensions, after US President Donald Trump imposed draconian tariffs on dozens of countries.
Both nations agreed a 90 -day truce in May and last month, in Stockholm, agreed to maintain new conversations to extend it beyond the deadline of August 12.
This agreement has temporarily set the new US tariffs on Chinese products at 30%, while Beijing’s tariffs on US products are 10%.
The president of the United States, Donald Trump, said Monday that the negotiations with China pass “quite well”, hours before the tariff truce expires between the two world powers.
“We will see what happens (…) the relationship between President XI (Jinping) and I is very good,” Trump added at a press conference.
The United States Commercial Representative Jamieson Greer said after the Stockholm conversations that Trump would have the “last word” on any extension of the tariff truce.
Higher tariffs entered into force on Thursday for dozens of Washington commercial partners, including a 35% tariff for Canada, in an attempt by the Republican tycoon to remodel world trade for the benefit of the US economy.
With AFP information
