Yu Zeyuan: What results can Chinese and American officials talk about?

Wang Shouwen, deputy minister of China ’s Ministry of Commerce, will consult with David Malpass, deputy Minister of Finance, Vice Malpass, Vice Malpass, Vice Ministry of Finance from August 22 to 23.This was the first time that the two countries had held trade negotiations after the Sino -US trade war officially started on July 6.What results can the two sides have attracted much attention from the outside world.

According to Lu Kang, a spokesman for the Chinese Ministry of Foreign Affairs, Wang Shouwen was Andrdquo in the United States.I hope that both parties can sit down and sit down and sit down and talk about good results on the basis of peer, equality and integrity.

The meaning of the Chinese side is obvious. This time the deputy ministerial consultation was not requested by China, but the United States raised, so as not to leave the outside world that China was forced to seek peace under pressure.At the same time, China hopes that consultation can talk about good results. Of course, the best result is that the two sides continue to abide by the agreement reached by the US Treasury Secretary Mnuchin in May this year and the Chinese Vice Premier Liu He Liu He to stop the trade war.

According to media analysis of the "Wall Street Journal" in the United States, Malpaas and Wang Shouwen negotiated to pave the way for the Sino -US dollar meeting held in November this year.From November 12th to 18th, the Asia -Pacific Economic Cooperation Organization (APEC) Summit will be held at the Port of Mos Bi, the capital of Papua New Guinea; from November 30th to December 1st, the Leadership Summit of the G20 (G20) Group (G20) will be atThe Argentine capital Buenos Aires was held.

According to the practice, the leader of the Chinese President and the US President Trump will attend these two summits.Historically, China and the United States will basically hold bilateral meetings during the APEC and G20 summit.

This consultation seems to have made some turns in the Sino -US trade war that has been last for more than a month, and there are some cautious and optimistic atmosphere in China and the United States.But slow, President Trump, who launched the trade war, poured cold water for this atmosphere.

Trump said at a rally in West Virginia on August 21 that the era of China's economy catching up with the US economy has no longer existed. The Chinese market Andrdquo; all kinds of negotiations have spent time spending time.

Trump also said in an interview with Reuters on Monday (20th) that Sino -US trade negotiations take time because China has done so well in Andrdquo;, Trump’s statement extinguishes the hope of breaking through Sino -US economic and trade officials in this week.

On August 23, on the second day of the Sino -US Deputy Ministerial Ministerial Consultation, the United States will impose 25%tariffs on Chinese goods for another $ 16 billion (S $ 21.9 billion).As a revenge, China will also impose 25%tariffs on the same amount of imported goods at the same time.This means that since July, China and the United States have levied tariffs with each other for a total of 50 billion US dollars.The consultation will not be able to stop this round of tariff war.

In the current atmosphere, Sino -US consultation should talk about Andrdquo; it is really not easy. This is mainly because the pressure on the tariffs of $ 50 billion in goods is not too great for both parties, and it is the first to show that the weakness brought by the weakness brought aboutOther costs are even more difficult to bear.

But Sino -US consultation is a good start after all.From the perspective of the level, the deputy ministerial level said that it is big and small. Although it is not authorized by a hammer, it can test the price and bottom line of the other party to open the passage for higher -level talks.Even if the two sides can't talk about it for a while, they can also pave the way for the next talks. It is much better than that of the door.

In addition, although Trump has continuously splashed cold water on Sino -US trade negotiations recently, he still claims that he has Andrdquo in China at the West Virginia rally.The empty cave can reflect that Trump does not want Sino -US relations to be completely froze, and even to ease the relationship between the two parties and the achievement of high -level meetings.

For the Trump administration, the trade war is in this portion. If the U.S. can be used in terms of tariffs, intellectual property protection, industrial subsidies, procurement of US products, and exchange rates.It is difficult to give up. China will definitely not accept the requirements of the United States to curb the development of its scientific and technological industry, but there is still room for concessions in terms of tariffs, intellectual property rights and procurement of American products, that is, there is still a talk between China and the United States. On August 20, at a hearing at the U.S. Trade Representative Office and a tariff of US $ 200 billion in Chinese goods, most American company representatives did not agree with taxation.This shows that as the Sino -US trade war continues to increase, the pain caused by the trade war to both parties will be more obvious.

In the short term, China's loss is larger than that of the United States, but in the middle and long term, the United States can't stand much.This is the basis for China and the United States to continue to maintain consultation until restarting the high -level meeting.