The US Secretary of the Treasury, Scott Besen, Chinese Deputy Finance Minister Liao Min, US Trade Representative, International Trade Representative in China, and Deputy Minister of Trade Li Chengngang, on a bilateral meeting between the United States and China, in Geneva, Suezotter, May 11.
Keystone/Eda/Martial Trezzini | By Reuters
Chinese Trade Envoy Li Chenggang described talks with the United States as “good” after the first high -level participation in Switzerland on May 12th led to a Melting commercial tensions. However, both sides continued to circulate the veiled strikes thin.
When CNBC was asked if the dialogues were constructive, he answered, who met the American commercial actor Jameson Jarir on the sidelines of the ministerial meeting of economic cooperation in Asia and the Pacific in Gigo on Thursday, “certainly”, without giving further details or evidence of the upcoming meetings between the two sides.
The correspondents told me that he had no information about whether there will be a meeting or call between US President Donald Trump and his Chinese counterpart Xi Jinping.
On the same day, Yongqian, China’s Ministry of Commerce spokesman, photographed a similar bound tone, and did not provide any new details about commercial talks during A daily press conference This started an hour after the usual.
Trump had described earlier this week that he might speak to Shi this week, while Beijing seemed tight at this possibility. Analysts expect direct participation between the two leaders, most likely to indicate more feasible progress in the conversations.
The first round of negotiations in Geneva was cheerful in Beijing The justification for China’s uncompromising response To Trump’s tariff.
The two sides agreed to temporarily decrease tasks to allow more time to negotiate a more permanent deal with a “communication mechanism” set in economic and commercial issues.
Also, the process of tariffs that lit up the economic expectations in China, which led some economists to Raise growth expectations this year.
The footage continues
Despite the truce of the customs tariff, both sides continued to take strikes on each other in other regions, which confirms the fragility of tense relationships.
The US Department of Industry and Security Office of the Ministry of Trade on Tuesday to caution Companies for not using AI AI chips from Huawei, and attract criticism from Beijing, describing them as an act “Using export control measures.”
On Friday, the Chinese Ministry of Foreign Affairs stressed a first -class tone, as it has passed on the “jurisdiction of long weapons” to the United States, saying that China “will never accept it.”
At the same time, China keeps A strong grip on export controls On critical minerals. Beijing considers that rare Earth metals, which are decisive for the United States, as an effective crane in its commercial negotiations with the Trump administration.
The Ministry of Commerce in China, in A statement earlier this week, He urged the local authorities to get rid of the rare land smuggling.
China began banning exports of many rare ground minerals on April 4, in retaliation for the “Liberation Day” tariff in Donald Trump.
Companies that want to export these elements You need to obtain approval From the Ministry of Commerce in China. At least four of the rare Earth magnet producers got export export, including the German auto suppliers, Volkswagen, Reuters mentioned.
When asked about the rare land controls during the regular press conference on Thursday, a spokesman for the Chinese Ministry of Commerce said it had no information to provide.
The Earth is rare reading
Dennis Wilder, a former White House intelligence official, said that Beijing can exaggerate the importance of the rare ground minerals of the Trump administration. Wilder is currently working as an older colleague in the American -Chinese dialogue initiative on global issues at Georgetown University.
“If China is overcoming this card, the United States will find other ways to obtain rare land,” said Canada as an alternative source.
He added that the Chinese leadership also reduced the need to pledge more measures to suppress the Fintanel flows.
Separately, Nicholas Burns, the former American ambassador to Beijing, He said on Wednesday It “will be a price for payment” if China fails to cooperate The case of fentanel.
New Wang, an economist in China at Evercore ISI, said in a Monday note that the upcoming negotiations are “very raised” for Beijing as China.
Wang said he expected Beijing to seek “Trump’s satisfaction in a way that benefits from the Republican Party in the mid -term elections” next year. These promises include to increase the purchase of American goods or increase their investments in the United States
If Chinese officials decide that a wider trade agreement is unlikely, they may instead give 20 % of the fees associated with fentanel by making concessions on the enforcement of Ventanil and TIKTOK sales in the United States, which Wang described as the “real goal” of Trump.
Evelyn Cheng from CNBC contributed to this story.
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