US-China Officials Discuss Trade; Mnuchin Eyes Possible In-Person Talks
WASHINGTON—U.S. and Chinese officials spoke by telephone on July 18 as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow. Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts over the phone, Lighthizer’s office said on Thursday, following earlier comments by the Treasury secretary in an interview on the sidelines of the G7 meeting in Chantilly, France.
The United States and China have been embroiled in a tit-for-tat tariff battle since July 2018, as Washington presses Beijing to address what it sees as decades of unfair and illegal trading practices. “Right now we’re having principal-level calls and to the extent that it makes sense for us to set up in-person meetings, I would anticipate that we would be doing that,” Mnuchin told Reuters. Asked if Thursday’s call could lead to a face-to-face meeting, Mnuchin said: “It’s possible, but I’m not going to speculate on the outcome.” Lighthizer’s office later confirmed that the conversation took place as scheduled, but gave no details.
China’s foreign ministry said on Friday the two sides had discussed ways to implement the consensus reached by the two countries’ leaders, but gave no other details. Separately, Su Ge, former president of the China Institute of International Studies, a think tank affiliated with China’s Foreign Ministry, said he expected more formal discussions to resume this month. “These are difficult questions … but at least they agreed to let the two negotiation teams to restart their work, so we will keep our fingers crossed,” he said. William Lee, chief economist for the Milken Institute, said tensions were simmering, with neither China nor the United States appearing ready to budge on critical issues. “That high level of trade uncertainty is causing manufacturing firms to be reticent to make investments,” he said. “The real issue is … China wants a face-saving way of coming to the table.”
https://www.theepochtimes.com/us-china-officials-discuss-trade-mnuchin-eyes-possible-in-person-talks_3008660.html