Just one day after it was reported the U.S.-China trade war could drag on past the 2020 U.S. presidential election…
There has reportedly been a somewhat of an optimistic shift in the trade talks between Washington and Beijing. This comes just 24 hours or so after President Trump suggested on Tuesday that the negotiations could drag on past the 2020 U.S. presidential election, which is still some eleven months away. Bloomberg cited sources on Wednesday as saying Trump’s comments should not be seen as an indication that there’s an impasse in the negotiations. According to the report, U.S negotiators expect a ‘Phase One’ trade agreement with China to be completed before a tariff deadline set for mid-December.
The U.S. has threatened to impose 15 percent levies on an additional 160 billion U.S. dollars of Chinese imports by December 15th. Adding to the new sense of optimism, President Trump himself made more positive comments on Wednesday on the sidelines of the NATO summit in the UK. “We just want fairness.
We have to have fairness in trade…We are talking to China as you know, those discussions are going very well, we’ll see what happens.
” Reuters reports that Jared Kushner, senior advisor to his father-in-law President Trump, is taking a bigger role in the China trade talks and his direct involvement is also boosting confidence. Kushner has reportedly taken on a greater role in the talks with China over the past two weeks. Kushner played a pivotal role in the latter stages of U.S. trade negotiations with Canada and Mexico in 2018 to replace the North American Free Trade Agreement with the United States-Mexico-Canada Agreement.