Proposed U.S.-China trade talks hinge on mutual respect
The U.S. President hopes to reach an agreement with China on tariffs. He urgently requests a phone conversation with Beijing on this matter. China is open to trade talks with Washington, but they have specific conditions.
What do you need to know?
- China is ready for trade talks with the U.S., but they have set certain conditions for the Trump administration. According to bloomberg.com, negotiations still cannot take place. They can begin when Washington shows readiness and meets Beijing's expectations.
- China demands consistency in U.S. policy, especially regarding Taiwan and technological development.
- China expects the appointment of a liaison for negotiations, someone who will have President Trump's support.
What conditions is China setting?
China has expressed readiness to engage in trade talks with the U.S., but under specific conditions. Beijing expects more respect from Donald Trump's administration, including a retraction of derogatory remarks from cabinet members. A statement by JD Vance, who referred to the Chinese as "peasants," met with sharp reactions from Beijing.
What else does Beijing expect?
Beijing also demands a more consistent U.S. stance on matters such as Taiwan. In addition, clear declarations regarding technological development plans are expected. The United States is preventing China from acquiring the latest technologies, which is one of the contentious points. China wants the U.S. to appoint a contact person for negotiations who will have President Trump's support.
What are the current trade relations?
Currently, trade relations between the U.S. and China are tense. The United States imposed high tariffs on Chinese goods, to which Beijing responded by raising tariffs on American products. The tariffs on imports from China to the U.S. are 145%, and China's retaliatory tariffs on American goods are 125%.
