Reed Cavendish Wealth Management - US and China to Discuss Trade Tariffs

Analysts at Reed Cavendish Wealth Management say China and the United States will meet this week to hold lower-level trade talks.

Reed Cavendish Wealth Management analysts say it is hoped that China and the United States will be able to resolve the growing tariff dispute that threatens to affect all trade between the two nations at talks to be held later this week.

But Larry Kudlow, White House economic adviser, has cautioned that China should not underestimate President Trump’s commitment to instigating change in China’s economic policies.

This week, Chinese representatives headed by Vice Minister of Commerce, Wang Shouwen will meet with a U.S. trade delegation led by Treasury Under-Secretary for International Affairs, David Malpass to discuss the current trade situation.

Reed Cavendish Wealth Management analysts say the talks are due to begin on the 22of August and will take place in Washington. The commencement of these talks coincides with the implementation of a new round of US tariffs on Chinese exports to the value of $16 billion as well as retaliatory tariffs imposed by China on US goods to the same value.

While the upcoming meeting is seen by Reed Cavendish Wealth management analysts as promising, they warned that the discussion will probably not lead to a fast resolution to the trade conflict as only lower-level representatives on the US side will be present.

Reed Cavendish Wealth management analysts say there is still a big gap between the two nations over US insistence that China widen market access and improve the protection of intellectual property for US businesses.

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Source: Reed Cavendish Wealth Management