China and the USA are holding new trade negotiations: what the parties will agree on.

According to FREEДOM:

Negotiations between China and the USA

This week, Deputy Minister of Commerce of the PRC Li Chengan will go to Washington for a new stage of trade negotiations with representatives of the U.S. presidential administration. This was reported by The Wall Street Journal, citing FREEДОМ.

Background of the negotiations

The negotiations are taking place against the backdrop of a pause in tariff increases between the USA and China until the beginning of November. This 'truce' became possible due to the agreement to cancel mutual tariff increases and reduce restrictions on the export of certain goods, including rare earth magnets from China.

Trump's statement

U.S. President Donald Trump noted that he is ready to meet with his Chinese counterpart Xi Jinping by the end of the year if an agreement is reached. He also emphasized that Washington and Beijing are very close to signing a deal, highlighting the friendly relations between the countries.

Briefly about upcoming meetings

As a reminder, Trump announced his visit to China and a meeting with Xi Jinping, which may take place at the end of this year or at the beginning of the next one.

These negotiations are of great importance for both countries. Their results will depend not only on the economic situation but also on the political relations between the USA and China. Analysts are monitoring these events, as the further development of trade may impact the global economy.