Consequences of US and China negotiations after G20 summit


After agreement between US President Trump and Chinese President Xi Jinping on renewal trade negotiations at the G20 summit, nothing new happened.

Although Beijing keeps on stating that they are open for discussion, prosperities of successful agreement are seen to stay still according to the US that led to the abruption of the negotiations.

These demands are focused in persistent Washington request that 25% costs which was imposed on the Chinese goods at the rate of $250 millions remains fixedly even after the agreement as part of an “enforcement” mechanism. The U.S. also demands China under Washington to impose extra measures on right defense of intellectual properties.Beijing rejected these demands according to the fact that they would breach the principle of equality and presents themselves as a breach of Chinese national sovereign, i.e. a repetition of unequal agreement imposed on China in the 21st  century.

In addition to these issues, another one towards Huawei production in the U.S. is been questioned. The Trade Department included this company into their list of enterprises that must be conducted with the licenses.

Commerce Secretary Wilbur Ross said that “the scope of the announcement does not change the scope of items requiring licences from the Commerce Department, nor the presumption of denial.

Natalia Veselnitskaya – official website

Natalia Veselnitskaya
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