Amid a state of escalation .. Washington accuses Beijing of "breaking" trade talks
The United States and China will meet Thursday in Washington to conduct trade negotiations whose results are uncertain in the context of heightened tension caused by the threat of the two major powers to impose new protectionist measures.
The new round of negotiations, which will take place near the White House, was presented days before it was the last before a summit between Presidents Donald Trump and Xi Jinping is supposed to devote a historic agreement between the parties. But the situation has changed and doubts have replaced optimism.
The Trump administration has confirmed that Beijing has retracted its major commitments, and the deeply displeased US president said the increase in customs duties on the two hundred billion dollars worth of imported Chinese goods suspended in early January will come into force on Friday.
"We will increase tariffs in China until they stop stealing our jobs," the US president said at a rally in Florida, stressing that "the time of economic surrender is over"
"They will come here, the deputy prime minister will come tomorrow (Thursday), well, but they did not respect the agreement, they can not do that, they have to pay" .
But the Chinese do not intend to surrender if the Americans actually raise tariffs by 10 to 25 percent Friday at the height of negotiations.
"China has no choice but to take the necessary countermeasures," said a spokesman for the Ministry of Commerce.
But Beijing has not canceled the trip of its negotiators and confirmed that Deputy Prime Minister Liu is very close to President Shi, will lead the negotiations. As of Thursday afternoon, Liu will meet US Trade Representative Robert Laitheiser at his office in Washington.
Economists around the world and multilateral institutions such as the International Monetary Fund have warned months ago that a long-term trade war between China and the United States would lead to a shock beyond the borders of both countries. The recovery that followed the global downturn in 2008 was largely fueled by trade in the world.