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According to US media, in order to prevent trade disputes from undermining Sino-US relations and shaking the global market, the two countries are planning a Sino-US Negotiations to resolve trade disputes before November.
The US Wall Street Journal also reported that China and the United States negotiators are planning negotiations to end the trade dispute between the two countries before the US-China leaders’ multilateral summit in November.
According to the report, this arrangement represents the commitment of both parties to prevent breaking US-China relations.
The two sides will hold mid-level talks in Washington next week. This talk will pave the way for the November meeting. The Chinese Vice Minister of Commerce Wang Shouwen will hold a meeting with the US Vice Minister of Finance David Malpas from August 22nd to 23rd.
Officials said the negotiations aimed to find ways to resolve trade disputes between the two sides and could lead to more rounds of negotiations.
The report also pointed out that the negotiations may also derail, because the United States continue to impose tariffs. The United States has imposed tariffs on $34 billion in Chinese goods. What’s more, tariffs on another $16 billion in goods will take effect next week. China also takes the same manner.
US officials say that the Washington has a bargaining chip in the negotiations because of its economy.
According to the US Consumer News and Business Channel website, experts believe that the devaluation of the renminbi will become a focus of the US-China trade meeting. Both the United States and China are working hard to deal with the recent monetary market volatility.
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