The United States and China have been discussing the so-called "Phase One" of their trade agreement since a delay this month. The US Trade Representative said the parties had made progress in the talks and were committed to the agreement. The talks were scheduled to begin on August 15, but were postponed by President Donald Trump. In a campaign speech earlier this month, Mr Trump said: "I don't want to talk to China right now."
The US Trade Representative also said in a statement that the two sides had discussed intellectual property rights and other issues. The two sides discussed the steps China has taken under the agreement to further protect intellectual property rights, remove barriers to US companies in the financial and agricultural sectors, and bring about administrative changes to prevent forced transfer of technology. Just 10 days ago, the United States and China annulled the abrupt agreement that was drawn up to implement the 'Phase One' trade agreement. No official reason has been given for the delay, but it has been suggested that it was intended to give Beijing more time to meet its obligations and to buy more US grain and other commodities. So now that President Trump is heading to the Republican National Convention for a week, a deal with China on long-standing issues would make headlines, and he could say that only the Trump administration can talk to Beijing. Can bring to the table. Washington's pressure on Chinese companies also comes at a time when President Trump wants to show that he is tough on China, as opposed to Beijing Biden. He and his supporters, Beijing Biden, use the term for US presidential candidate Joe Biden, who, if elected, would be more lenient with China than Mr Trump. Beijing is watching carefully the whole political drama in which it has become the main character and is holding its own. A brief statement from China said, "The two sides have agreed to create the necessary conditions and environment to move forward with the implementation of the trade agreement." This strategy is also understandable, meaning that Beijing has no understanding that Washington's anti-China rhetoric will end soon.
Privately, Chinese companies have also told me that whether it is Trump or not, the Biden administration is sure that the pressure will not subside. This is something that both sides agree on.
TuckTuck says he has tried to negotiate with President Trump's administration for almost a year but has not been treated fairly and has been confronted by an administration that does not "pay attention to the facts." The announcement was made by US Trade Representative Robert Laitzer and Secretary of the Treasury Steven Manuchehr after talks with Chinese Vice Premier Liu He on Monday evening. It marks a rare sign of co-operation between the world's two largest economies, as tensions have risen this year over other issues, including data security, the corona virus epidemic and Hong Kong. In recent weeks, Mr. Trump has stepped up pressure on Chinese technology companies through executive orders banning the video-sharing app TickTalk and the social media platform VChat. This week, Bite Dance, the owner of TuckTalk, has legally challenged the US president's decision, arguing that the move was not for national security but for political reasons.
The talks on Monday were to take place ten days earlier. After the delay, Mr. Trump said during a campaign event in Arizona last Tuesday that he had canceled the meeting. Not everything went smoothly during the latest negotiations. The United States had to correct its statement because it wrote "Hu" instead of Mr. Liu's first name, and Chinese social media immediately pointed it out.
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