The US-China trade talks

The US-China trade talks, which broke down in January this year, are set to resume in the next few days. The world's two economic powers have been embroiled in a trade dispute since 2018, which has also had a negative impact on the global economy. In January this year, the two countries announced an easing of restrictions on exports.  However, relations between the two countries have been strained for the past six months due to a number of issues. The two Chinese social media apps, TickTalk and WeChat, were also bitter between US President Donald Trump and China and could be banned in the United States due to national security concerns. Controversy over social media apps Many more issues between Washington and Beijing, including new security laws enacted by China in Hong Kong, the business of Chinese company Huawei, and the escalation of sharp differences over the outbreak of the coronavirus. Is.  The fragile trade relations between the world's two largest economies, which are already at loggerheads, have been further complicated by other contentious issues.  Nick Marrow, a global trade expert in the Economist Intelligence Unit, told the BBC that "the parties will try to gauge  the temperature in these talks where the situation is now after January."   He added: "We can expect policymakers in Beijing to ask themselves now whether they still have a trade agreement acceptable that would do little to ease US pressure on Chinese companies. Was found. '  Recently, there were strong objections to Chinese companies VChat, Tik Tak and Huawei in the United States and the Trump administration has blacklisted dozens of Chinese companies. Rajiv Biswas, a chief economist at IHS Markets, a London-based consulting firm, says the US government will take further steps to prevent US data from being stored in the cloud systems of Chinese companies. The sea will also affect the use of a network of wires connecting the United States to the global Internet.  US President Donald Trump has long accused China of unfair trade tactics and plagiarism. On the other hand, there is a perception in China that the United States wants to prevent China from becoming a global economic power.

In this trade war, the United States and China began to impose billions of dollars in taxes on goods imported from each other's countries. The exchange scandal, which began in 2018, involved کے 450 billion in taxes and has been raging ever since.  Some snow melted earlier this year when the two countries agreed to ease some of what is being called a "phase one" agreement.  According to Chinese officials, the agreement reached in the first phase in January was a "victory" for both countries.  In the first phase, China agreed to increase its imports from the United States by دو 200 billion compared to its 2017 trade, including 32 32 billion worth of agricultural products and 78 78 billion worth of other industrial products. Will be  China also agreed to introduce strict laws to ensure the protection of creative rights in China and to take steps against its plagiarism. In return, the United States agreed to halve taxes on Chinese products.  Although many taxes were not reduced, the talks were said to have at least melted the ice.  In the more than six months since the agreement was signed, the situation has changed dramatically. Relations between the United States and China have been strained and global trade has been severely affected by the Coronavirus epidemic.  Rajiv Biswas said that due to the nature of differences between the two countries, it was difficult to say whether any major progress would be made in the forthcoming talks.  Concerns have also been raised over China's assurances that it will buy امریکہ 200 billion worth of goods from the United States in 2020 and 2021.  Even before the agreement was finalized, some experts thought it was a difficult target. The slowdown in the Chinese and US economies over the coronavirus has made it even more difficult to achieve this goal. In these virtual talks, officials from both sides will try to figure out whether this goal can be achieved now, keeping in mind the statistics. Nick Marrow, a global trade expert, says he is confident the agreement will stand, as deviating from it would be costly for both countries.