Daily Management Review

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet


11/06/2018




Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet
In a latest welcome sign of thawing of ice between the United States and China, the two largest economies engaged in a bitter trade war, the two parties have reportedly decided to hold a delayed top-level security dialogue on Friday. This was preceded by a statement by China's vice president where he said that Beijing was willing hold negotiations with Washington on trade issues if the talks are held on equal footing.
 
Last week, a phone call last week between Presidents Donald Trump and Xi Jinping was the trigger for the recent optimism of the resolution of relationships between the two countries even as expectations of an end to the trade war are being raised by the proposed meeting between Trump and Xi on the sidelines of the G20 summit to be held in Argentina later this month.

These are welcome measures because the two countries have been locked in a bitter trade war that saw both the parties imposing tit for tat tariffs on each other’s goods worth billions of dollars over the last few months. There was also tension between the two countries over the disputed South China Sea and on the recognition of self-ruled Taiwan.

Last week's telephone call between Xi and Trump has been described as positive by both China and the United States. Trump has also expressed confidence that he would be able to strike a deal with China, but has also warned that he could impose tariffs on all of the remaining products that are imported into the US from China if there is no deal.
 
Later this week in Washington, a diplomatic and security meeting \is alsoted ot be held between the U.S. State Department said Secretary of State Mike Pompeo, Defense Secretary Jim Mattis, Chinese politburo member Yang Jiechi and Defense Minister Wei Fenghe in what is a sure signal of warming of relations between the two countries.

Last month, China has informed that there had been an initial agreement between the two parties "in principle" for organizing a second round of diplomatic security negotiation in October but which was deferred by the US because of escalating trade tensions, Taiwan and disagreements surrounding the South China Sea.
 
A proposed meeting between Wei and Mattis in Beijing in October had to be postponed because of a fresh round of sanctions imposed by the Trump administration on China's People's Liberation Army allegedly for purchasing weapons from Russia.


China's willingness to hold talks on trade and other issues with the United States was reiterated on Tuesday in Singapore by Chinese Vice President Wang Qishan, who is reportedly close to Xi.
 
"Both China and the U.S. would love to see greater trade and economic cooperation," Wang told the media in Singapore.

"The Chinese side is ready to have discussions with the U.S. on issues of mutual concern and work for a solution on trade acceptable to both sides," he said.

"The world today faces many major problems that require close co-operation between China and the United States," Wang said.
 
(Source:www.thetimesofindia.com)






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