According to people familiar with the matter, China has canceled its plan to conduct trade negotiations with the United States and is unlikely to sit down for talks with the United States before the mid-term elections.
When China was reported to have canceled its planned negotiations this week, the Trump administration suggested that defending the long-term interests of the United States was worth sacrificing the interests of American consumers in a trade war with China.
The White House did not immediately comment on China’s latest measures. But hours before the Wall Street Journal first reported that China had canceled plans for Vice Premier Liu He and a mid-level delegation to visit the United States, a senior U.S. official told reporters that the president believed that if the United States did nothing against China, This will ultimately lead to further deterioration in economic and consumer conditions.
According to people familiar with the matter, in addition to the additional tariffs on US$200 billion of Chinese goods that will take effect on September 24, the United States announced sanctions on the Equipment Development Department of China’s Central Military Commission and the person in charge of the department last Thursday, resulting in In the end, China decided to cancel negotiations with the United States.
President Trump has promoted a level playing field with China, imposed tariffs on imported products from China, and threatened that the United States will take more actions if China retaliates. China said it would impose additional tariffs on $60 billion in U.S. goods that will take effect on September 24.
Chinese Ministry of Commerce spokesperson Gao Feng responded to a question at a press conference on Thursday on whether China and the United States would conduct a new round of trade negotiations, saying that the new tariffs would bring “new uncertainty” to the Sino-US negotiations. He said The wording is completely consistent with previous statements from the Ministry of Commerce.
Neither China’s Ministry of Commerce nor China’s Ministry of Finance responded to faxes asking about the matter on Saturday. (Title: New U.S. Tariffs Imminent, China Said to Have Canceled Trade Negotiations)
