US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He. Photo: AP
US demand that China commits to reforms in writing threatens to scupper trade talks
- Washington refuses to accept verbal assurances but China is reluctant to make further structural reforms
- Some government advisers in Beijing believe it would be better to accept higher tariffs than make ‘suicidal’ changes to country’s economic model
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US-China trade war
US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He. Photo: AP
China's President Xi Jinping last met US President Donald Trump in Argentina in December. Photo: AFP
China’s economic ‘resilience’ without further stimulus questioned after Donald Trump’s US tariff threats
- US president announced on Sunday that the 10 per cent levy on US$200 billion of Chinese goods would increase to 25 per cent on Friday
- People’s Daily claimed ‘China’s economic development is resilient enough’ to meet growth target range of 6 to 6.5 per cent for 2019; economists are not so sure
Topic |
US-China trade war
China's President Xi Jinping last met US President Donald Trump in Argentina in December. Photo: AFP