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China-USA: towards a postponement of trade talks

According to press reports, the negotiations scheduled for this Saturday by video are postponed to a date not yet determined.

Trade talks scheduled for Saturday between China and the United States to take stock of the agreement signed in January have been postponed, amid heightened tensions between the two countries, according to press reports published on Friday.

No date has been given for this new meeting, which was to take place by interposed video, according to the Bloomberg agency.

In January, after nearly two years of a trade war, a deal was signed with great fanfare, and China pledged to purchase an additional $ 200 billion in US goods and services.

Automobiles, industrial machinery, metals, cereals, cottons, meat, oil, financial services, … all this was to reduce the American trade deficit, a demand of Donald Trump.

But the promised purchases were not made, in particular because of the Covid-19 pandemic which put a stop to international trade.

By the end of June, barely half (46%) of the purchases expected at this point had been made, according to data compiled by the Peterson Institute for International Economics (PIIE).

And relations have deteriorated between the two countries, around the origin of the virus, the situation in Hong Kong or the social network TikTok, which Donald Trump accuses of spying for the benefit of Beijing.

Beijing had stressed Friday, before the announcement of the cancellation, that the two parties “must work together to strengthen cooperation and overcome difficulties together.”

The January agreement, known as “phase I”, was to pave the way for a “phase II”, synonymous with even greater trade between the two countries.

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