Sino-American consensus on a number of trade dispute issues

On May 4, China and the United States reached consensus on a number of trade disputes, but there are still significant differences between the two sides over other issues. \ During a two-day trade consultations between the US trade mission led by Finance Minister Steven Mnuchin and the Chinese delegation led by Deputy PM Liu Liu, the two sides pledged to resolve the dispute. trade disputes through dialogue. The two sides also exchanged views on the expansion of US exports to China.

The two sides agreed to establish a common working mechanism to maintain close contact. Earlier in the day, a Wall Street Journal correspondent cited a US document sent to the Chinese, suggesting that the US trade mission wanted China to immediately cut its trade imbalance and Termination of subsidies for advanced technology items. In the document, the United States asked China to reduce its $ 200 billion trade surplus with the United States by 2020, while cutting import tariff on all commodities to The rate is not higher than the US tariff. US and Chinese trade tensions have escalated over time, raising concerns about a trade war. Washington has announced a list of imported goods from China totaling about $ 50 billion will be subject to higher import tariffs. Beijing also responded with a list of key US exports, such as soybeans, automobiles and light aircraft totaling about $ 50 billion, to be subject to higher import tariffs upon entry into the Chinese market. Soon after, President Trump on Wednesday warned to double the $ 100bn (£ 100bn) in value of products imported from China that were subject to additional duties. On April 17, Beijing decided to impose provisional anti-dumping measures on US imported sago, after identifying the imported agricultural product that harmed production and trade. domestic.