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The U.S.—China Trade Negotiations
May 7, 2019 at 12:54 PM
Photo by 127071

The Quick Facts

  • Over the last month, the U.S. and China have been in talks to attempt to negotiate a deal to end the ongoing trade war between the two countries.
  • The trade dispute revolves around what the U.S. describes as predatory trade tactics utilized by the Chinese, such as cybertheft and forcing foreign companies to hand over technology.
  • Trump’s administration has repeatedly said that the negotiations are going well, and that a deal was likely to be reached. But last week, Treasury Secretary Steven Mnuchin suggested that Washington might “move on,” installing some doubt as to the state of the talks.
  • Over the weekend, President Trump threatened another tariff hike, saying the tariffs will go up to 25% on Friday. In a tweet the president stated: “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”
  • The president also reiterated his position that the tariffs imposed on China over the last 10 months have been good for the U.S. economy.
  • Trade talks are set to resume in Washington on Thursday of this week.

Food For Thought

Will the U.S. and China be able to successfully negotiate a trade deal? Is President Trump’s threatened tariff hike a good negotiating strategy?

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