US vows to continue negotiating on trade with China

Thursday, 2019-06-13 08:39:14
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A barge pushes a container ship to the dockyard in Qingdao in eastern China's Shandong province. (Photo: CHINATOPIX)
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NDO – US President Donald Trump has said that he does not want to promote a trade deal with China unless Beijing agrees on four or five "major points" of the deal.

Trump said China is a big competitor and now Beijing wants a deal with Washington. He said he is to meet Chinese President Xi Jinping on the sidelines of the G20 Leaders’ Summit in Japan later this month.

On June 11, Larry Kudlow, director of the US National Economic Council, said that the US economy is still likely to achieve a growth rate of 3% this year, even without a trade deal with China. The official also expressed his hope that the two sides could resume trade talks.

* On June 11 US Commerce Secretary Wilbur Ross said that the G20 Leaders’ Summit, to be held in Japan at the end of this month, could bring progress towards a trade deal with China but is not the venue for a "definitive agreement." Ross's statement extinguished expectations of a final agreement, which he said "is going to be thousands of pages long."

* Mexico on June 11 established a committee to direct the implementation of an agreement with the US on the prevention of illegal immigration in exchange for a decision to postpone the plan to impose tariffs on Mexican goods from President Donald Trump. The Mexican government agreed to begin a process of law review to accommodate the US's wish to make it a "third safe country" for migrants from Central American countries travelling through Mexico to seek asylum in the US.