US-CHINA TRADE TALKS RESUME—ON THE PHONE

According to POTUS Economic Adviser Larry Kudlow, the US-China trade talks will resume next week in a bid to resolve a year-long trade war.

“They’re on the phone,” Kudlow told the reporters at the White House last July 3. “They will be on the phone this week. And they will be scheduling face-to-face meetings. Lots of communications.”

Last May, talks between the two sides broke down when Trump accused China of pulling back from commitments it had made previously in the text of an agreement that negotiators said was nearly finished.

Washington also accuses Beijing of intellectual property theft and forcing US companies to share their technology with Chinese counterparts in order to do business with China.

However, China denies the accusation and is reluctant to make sweeping legal changes.

This rift also pushed Trump to pull out Google’s services within Huawei and to ban the tech giant in US.

Kudlow was unclear about the exact resume of face-to-face talks, saying that these would begin “soon” and that an announcement will be made before it will happen.

References:

https://business.inquirer.net/273856/bsp-chief-vows-to-sustain-economic-boom-with-cash

https://news.mb.com.ph/2019/07/04/trump-officials-say-us-china-trade-talks-to-resume-next-week/