The US -China negotiation is difficult to reach consensus this month

Source: Taiwan Economic Daily

People familiar with the matter revealed that after the rejection of Beijing's hopes to postpone the request to extend the tariff on September 1, it is difficult for US -China officials to reach a consensus on the schedule of the trade negotiations that were originally scheduled to be held this month.The lack of progress in the US -China trade negotiations has impacted investors' confidence. The US -Europe stock market fell on the 3rd on the 3rd, and US stocks fell at about 400 points in early trading.

The signs of the lack of progress in the US -China Trade Consultation are becoming more and more obvious. In addition, the American manufacturing industry has fallen into atrophy for the first time in August, dragging down the US -Europe stock market in the 3rd, and the three major indexes of the US stocks fell 1.2%to 1.6%.The Qiong Industrial Index fell more than 400 points.International oil prices fell 2.2%-3.7%.

U.S. President Trump continued to declare that the negotiations between the two sides have made progress. He said in Twitter on the 3rd that the negotiation with China has made a good progress. Although I am sure they (China) will want to deal with the new government, they can continue LSquo; plunder the United States;RSquo; behavior, but think about the Chinese situation after I won, the agreement has become more stringent!

Chinese Foreign Ministry spokesman Geng Shuang was asked in a press conference on the 2nd that the United States and China will impose new tariffs from September 1st, whether it will affect the new round of economic and trade that the two parties originally planned to conduct in Washington in early SeptemberDuring the consultation, he said that the most important thing is to continue consultation and create necessary conditions for both parties.

Bloomberg information quoted people familiar with the matter and reported that the United States and China had not yet reached a consensus on the basic conditions of re -dialogue. The reason was that they lacked mutual trust, and the date when Chinese officials visited Washington had not yet been finalized, although this may not mean that the negotiations would not be carried out.