From our correspondent in Beijing
In the full tariff escalation, the two largest global economies resume language, under the look of anxiety in world markets. The us negotiators and chinese will eventually “early October” at Washington, announced in Beijing on Thursday, confirming a meeting, initially expected this month. The vice prime minister Liu He in person should lead the ministerial delegation in the u.s. capital, with the ambition to stop the trade war that is threatening global growth. In the meantime, meetings at lower level will take place in mid-September in order to “prepare the ground for significant progress,” said the Office of the u.s. Trade representative (USTR).
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The man of confidence of president Xi Jinping spoke on the phone with the representative for the trade Bob Lighthizer, and the secretary of the treasury Steven Mnunchin, just five days after announcing a new set of tariffs against $ 75 billion of american products. The simple fact that this round of bargaining is not postponed to the Greek calends was enough to put the balm to the heart of the stock exchanges of asia and europe disoriented by the tweets erratic to Donald Trump.
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on Tuesday, the us president warned China against the temptation of playing shows, swearing that he would prove to be even more “hard” in 2020, if he was re-elected. At the end of August, at the G7 summit, Trump had blown hot and cold, announcing a resumption of negotiations, promising a “deal”. But, on the bottom, the gap is still wide between the two rival powers, and the chinese regime tightens the teeth in the face of the battering America. Behind the aggressive tone, a race of slowness has started behind-the-scenes with the main adjustment variable in the health of the u.s. economy. Strategists chinese are betting on a weakening growth will soon be across the Atlantic to compel Trump to relent. Liu He will help hasten so slowly towards the Potomac.
