Fresh Take on the Ongoing Trade Squabble between the US and China
Ongoing negotiations in the ongoing commercial dispute between the United States and China - Escalating trade talks in the ongoing US-China customs dispute
Hey there! Let's dive into the current state of the trade spat between the US and China.
- Current Scuffle
- The Latest Happenings
- China
- USA
- Donald Trump
- London
- Howard Lutnick
- US President
- Jamieson Greer
The Scoop on the Trade Talks
Recently, trade talks went down in London, and both sides agreed on a plan to keep the negotiations moving. However, China's been keeping it pretty casual, calling it a "framework" rather than a done deal - rightly so, as they didn't seal the real deal yet[1].
Trump's Take
Old Man Trump himself claimed that the China trade war's over, but only if it gets his and Xi Jinping's final sign-off. He's been bragging about upgrades in the partnership and some nifty trade benefits, like getting a load of rare earths and top-quality magnets from the Middle Kingdom[1][2].
Tariffs - A Numbers Game
Thedy-fudge. Well, Trump hinted at a 55 percent tariff from the US side with China being tagged at a mere 10 percent. But the sly dog didn't clarify if it's about the reduction in tariffs or some other aspect of the deal[1].
The Low-Down on Recent Discussions
The deal's still subject to approval from both Presidents, which means that some points weren't green-lit by the negotiation crew - meaning, the top dogs themselves had to have a say[1].
Once things get the stamp of approval, the framework kicks off. The Commerce Secretary referred to it as a "handshake for a framework," suggesting that it's a base agreement needing more details and approval before it becomes a reality[1].
Overall, the talks have progressed, but we're not at the finish line yet. With China avoiding the "deal" label, it seems there's still a lot of negotiating left in the tank.
The Commission, with its policy-and-legislation-focused scope and the ongoing politics surrounding the trade disagreements, has decided to initiate a new round of negotiations on the new customs procedure between the United States and China, given the fresh take on the trade squabble between the two nations. This general news story also involves the US President, Donald Trump, and him possibly signing off on the agreement, which could potentially lead to policy changes and further improvements in the US-China partnership.
