SCIO briefing on China's position on economic and trade consultations with US
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E-mail China.org.cn, June 3, 2019
Reuters:
I want to ask whether Xi Jinping will meet with Donald Trump at the G20 this month. And should they meet, what sorts of topics, what specific trade issues might they be talking about?
Wang Shouwen:
Thank you for your question. However, I have no information for you on this.
Bloomberg:
It seems to me from what you said today that you blame the U.S. for the breakdown of the talks. What gestures or what kind of statements of sincerity does the U.S. have to do to bring China back to the table? Is the next step, from your perspective, that the U.S. having to make the next move? Or is there some kind of trust building that you could go through? My second question is will Liu He be going to the trade ministerial meeting in Tsukuba in Japan next week? And if not, will there be any contact between the U.S. and Chinese negotiation teams either in Tsukuba or the finance ministerial meeting which Yi Gang will be attending? Thank you.
Wang Shouwen:
Thank you for your question. China and the U.S. have held 11 rounds of high-level economic and trade consultations. During the 11th round, the U.S. took the step of raising the tariff from 10% to 25% on a total of Chinese goods valued at $200 billion. It also announced it had launched procedures for additional tariffs on other Chinese goods worth around $300 billion. The U.S. also misused its export control, listing against some Chinese companies. These actions have ratcheted up the trade friction and represent a severe setback to the consultations. The U.S. government should bear the sole responsibility for this.
The two presidents reached an important consensus in Argentina, agreeing to stop imposing additional tariffs and step up consultations towards the removal of those additions already made. However, events have taken a new turn recently, for which the U.S. side should bear sole responsibility.
As to your second question, China will send representatives to the coming G20 Ministerial Meeting on Trade and Digital Economy in Tsukuba. Thank you.
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