Update on Negotiations with China


Following the apparent breakdown in trade-negotiations with China that nation is more intransigent. The White House has threatened to impose additional tariffs on $300 billion of Chinese goods imported into the U.S. annually. In response a spokesman for the Commerce Ministry noted that China will “adopt the necessary counter measures if the U.S. decides to unilaterally escalate trade tensions.”

It remains to be seen whether the President will meet with his counterpart Premier Xi at the upcoming G-20 economic conference in Japan.  Observers are optimistic that outstanding issues can be resolved before this time allowing some relaxation of tensions with a Memorandum of Agreement between the Nations. At the very least we can hope for resumption of negotiations.