Head of the Tokyo Bureau for Japan, North Korea and South Korea. OSCE, Japan – President Trump and Chinese leader Shi Jinping met on Saturday and agreed to resume trade talks after more than a month of fighting fierce struggles. it is not clear whether a long-term discharge is available. On a press conference after the meeting, Trump said he had agreed not to impose new tariffs on China but insisted he would not raise the tariffs he had already introduced until the negotiations continue.
"We have discussed many things and we are back on track again," Trump said at the 20-nation summit. "We'll see what happens. We had a really good meeting. "
He also said he has agreed to remove some of the restrictions he has imposed on Huawei, a major Chinese technology company, although a number of Republican MPs have urged him not to do so. He said he would now allow US companies to continue selling their products to the Chinese company.
"We had a very, very good meeting with China, I would probably say even better than expected. Negotiations continue. "
He could not learn what – if at all – Trump received in exchange for his consent to stop imposing new tariffs except the agreement to start negotiations again. He told the press conference that China has agreed to buy a large amount of American agricultural products, but he has said this many times before.
"We'll give them lists of agricultural products to buy," said Trump. He said they would get "tens of billions of dollars" but did not offer any details of what he meant.
The meeting is closely monitored by business groups, farmers and American political leaders. Some were afraid that protracted opposition between two of the most powerful countries in the world could harm the world economy
Before the meeting, Trump complained that their previous mediation efforts for a commercial deal were revealed a month ago. He views trade negotiations as a key part of his economic program, which he has repeatedly praised during the press conference, and said he is in sharp contrast to what the Democrats want to do.
Trump accused China of a number of unfair commercial practices, including theft of intellectual property, unfair subsidies and currency manipulation, among other things. Some of his allegations are not backed up by data, but a number of US experts and political leaders have agreed that China has violated trade rules to gain precedence over US companies. both sides, and the political implications for Trump. The US president had already had to send over $ 20 billion in payments to farmers to suppress a revolt by many who claimed to have been captured in the midst of the war.
Reading a piece of paper when the journalists were in Xi was careful not to reveal its strategy in its dealings with the American leader.
"China and the United States benefit from cooperation and lose in confrontation," he said. "Collaboration and dialogue are better than friction and confrontation."
Some White House officials hoped the meeting would serve as a way to resume negotiations that had begun serious last year to unravel more than a month ago when White House officials accused the Chinese of abandoning of some commitments. Chinese officials responded that they did not agree with what the White House officials said.
The Xinhua News, a state-owned organization, announced after Trump's meeting with Co that the US would postpone the imposition of new tariffs because the talks were resumed. Trump has threatened to impose a 25 percent tariff on Chinese imports of more than $ 300 billion, but has suggested delaying these costs if the talks begin again. Trump has already imposed Chinese import tariffs of $ 250 billion, a measure that other world leaders claim to harm the world economy.
The meeting came on the sidelines of the 20-nation summit, and none of the leaders seemed willing to soften their previous stance to make a deal. The two men also had dinner together on Friday night, and Trump expressed optimism that they might be able to reach an agreement.
"We will discuss many things," Trump said shortly before the Sabbath meeting. "I was with him last night. In fact, much was achieved last night. As to whether we can make a deal, time will show. "
A number of senior White House officials participated in Saturday's meeting, including US Trade Representative Robert E. Lahtizer, Secretary of State Mike Pompeau, Finance Minister Stephen Munchin, and Leading Trade Advisor Peter Navarro
Trump accused China of severing US intellectual property and steals US jobs, while the Chinese are opposed to Trump trying to harass them and to prevent the debates from being put on equal footing. Chinese officials also accused the White House of trying to strengthen them to buy billions of dollars in US agricultural commodities.
Trump's decision to temporarily postpone – not clear for how long – any new tariffs against Chinese imports can offer a short-term "relief" for hundreds of US businesses that have petitioned the White House to be released because they say, that there will be enormous costs for their companies.
Tariffs are a kind of tax paid by companies importing products, and many companies have demanded that the Department of Commerce will be relieved of new tariffs because they say they can not import the products from elsewhere. Trump said that this tough tactic with China was the only way to try to force the country to change its trading practices, and also said the billions of dollars of tariff revenue the US had reaped in the past year
clearly where the negotiations can go. Both leaders have shown a desire to leave the struggle longer, although Trump could face political pressure to close short due to fears about the strength of the US economy and his re-election next year.
last year's tariffs on numerous Chinese goods, and these sanctions attracted the attention of Xi and others. At the G20 summit in Argentina in December, Trump and Cs agreed to start talks to resolve trade gaps. As the two sides negotiated, Trump agreed to hold additional tariffs.
But the negotiations failed more than a month ago, and Trump quickly took charge of the tariffs and offered new ones. Tramp's existing tariffs for Chinese goods cover a range of business products, industrial equipment, and many consumer goods. But its proposed tariffs will hit everything else, including many electronics and consumer products, and companies have warned that these costs will be passed on to US consumers.
Trump last week said he is considering imposing a 10 percent tariff on this last batch of products he estimates to cover more than $ 300 billion in commodities. Trump often threatens tariffs to give up at the last minute by confusing business leaders when they try to plan investment
Again and again, during his presidency, Trump calls for tariffs as a way to force other countries to cut a bargain . He is called the "Tarifan Man" despite the long-standing pressure of the VP to accept free trade and reduce barriers to imports and exports.
When the US and China negotiated a trade agreement earlier this year, the White House staff were focusing on a 150-page document that believes he has seized the necessary changes they want to see from the Chinese government for rebalancing economic relations.
The document would pay attention to China's monetary policy, its state support to private companies, its insistence American companies transfer technology to Chinese and intellectual property theft. The White House has also forced China to stop putting cheaper products such as steel and aluminum on the world market in a way that reduces prices. Trump also wanted China to buy many more American products, especially agriculture, to reduce what he considers a financial imbalance between the two nations.
Many Democrats and Republicans have agreed with Trump that China should change its behavior, but not the US leader
But Trump has used a very different strategy.
Just a few days after the talks in China that were interrupted earlier this year, the Department of Commerce announced it was invading Huawei in a way that could make it very difficult to do business. White House officials said the reprisals were due to violations of US law, but Trump said publicly that it would be open to relieve the company as part of the trade negotiations
There are still a few people in the White House, including Navarro, who urges Trump to make a hard deal with the Chinese.
Navarro passed by reporters after meeting Xi Saturday afternoon. They asked him how he had gone and did not answer, but shrugged his two arms.