At the invitation of the US side, President Xi Jinping's Special Envoy, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader Liu He of the China-US Comprehensive Economic Dialogue will visit Washington. From February 21 to 22, he will hold the seventh round of high-level Sino-US economic and trade consultation with U.S. Trade Representative Lethizer and Finance Minister Mnuchin.
At the regular press conference of the Ministry of Foreign Affairs on March 19, a reporter asked that the deadline of March 1 was approaching. What is China's comment on the consultation?
Geng Shuang, spokesman for the Ministry of Foreign Affairs, said that he hoped that the two sides would work together to implement the important consensus reached by the two heads of state at their meeting in Argentina, and work towards a mutually beneficial and win-win agreement acceptable to both sides. This is in the interests of both China and the United States, and is also the common expectation of the international community.
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China and the United States are trying to reach a trade agreement by the deadline in early March. If no agreement can be reached at that time, the United States may impose additional tariffs on Chinese goods.
However, according to foreign media reports, US President Trump is considering putting off the deadline for 60 days in order to give negotiators more time to reach an agreement.
U.S. President Trump said Tuesday that trade talks with China are progressing smoothly.
Trump tweeted last weekend that the trade talks with China last week had been "very fruitful" and that "great progress has been made in many different areas".
According to Bloomberg on Tuesday, White House spokesman Saunders said in a statement on this week's Sino-US trade negotiation plan in Washington that the deputy-level meeting began on February 19 and the head-level talks began on February 21.
Sanders said the two sides would continue to discuss structural changes in China's needs and "China's commitment to buy a large number of goods and services from the United States".
Reported that the two sides earnestly implemented the consensus reached at the Argentine meeting of the two heads of state, and exchanged in-depth on issues of common concern such as technology transfer, intellectual property protection, non-tariff barriers, services, agriculture, trade balance, implementation mechanism and other issues of concern to China. The two sides reached consensus in principle on major issues and held specific consultations on the bilateral memorandum of understanding on economic and trade issues. The two sides indicated that they would step up their work and try to reach an agreement according to the consultation deadline set by the two heads of state.
On Friday evening, Beijing time, the White House issued a written statement after the Sino-US negotiations, saying: "The two sides will continue to deal with all outstanding issues on March 1, 2019, before the deadline for the 10%
tariff increase on certain imported Chinese goods."
According to Bloomberg, Trump said at the White House last Friday: "If we can reach an agreement, I will be honored to withdraw these tariffs." Trump reiterated that he was open to extending the deadline for raising tariffs on March 1 if the two sides were close to reaching an agreement.
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