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US-China trade talks set for Saturday postponed ― Media

181101 think donald trump xi jinping se 629p 39400c8e4b47ff35b4a48cf346c66b50 1 US-China trade talks set for Saturday postponed ― Media
(FILES) In this file photo taken on November 9, 2017, US President Donald Trump (L) shakes hand with China's President Xi Jinping in Beijing. - Trump on November 1, 2018, said he'd just had "very good" talks with his Chinese counterpart Xi Jinping on the growing trade conflict between the two economic giants. "Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade," Trump tweeted. (Photo by Fred DUFOUR / AFP)FRED DUFOUR/AFP/Getty Images

High-level talks between Washington and Beijing on the status of the “phase one” trade agreement that was set to take place on Saturday have been postponed, according to US media reports Friday.

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin reportedly were scheduled to hold a video conference with China’s Vice Premier Liu He, according to the reports, including from Bloomberg, citing people familiar with the issue.

The phase one deal called for officials to hold a “check-in” every six months, but neither government had confirmed the meeting, and USTR and Treasury have not responded to repeated requests for comments on the status of the talks.

Officials held a call in early May on the deal.

The US and China signed the accord in January which represented a partial truce in their months-long trade war, and obligated Beijing to import an additional $200 billion in American products over two years, ranging from cars to machinery to oil to farm products.

But that was before the COVID-19 pandemic hit, and purchases of those goods have been lagging.

US President Donald Trump in recent weeks has stepped up rhetoric against China ahead of what’s expected to be a tough fight for a second term — with the election in November — raising questions about the deal’s fate as well as the possibility of a phase two agreement.

Report

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