Ahead of high-level Sino-U.S. trade talks, President Trump said on Monday that “I would much prefer a big deal” that would end the trade war, while at the same time touting the billions of dollars that farmers are receiving to mitigate the impact of lost exports.
With Sino-U.S. trade talks scheduled to resume next week, President Trump said on Thursday that “China should start an investigation into the Bidens.” He also said his administration was “looking at a lot of different things” to increase pressure on China to resolve the trade war.
Senior Chinese and U.S. officials will resume trade talks in Washington in early October, a month later than initially planned, said China’s Ministry of Commerce on Thursday. Working-level discussions are planned for mid-September “to fully prepare for the substantial progress of the high-level consultations,” said the ministry.
During the second day of trade talks in Shanghai, Chinese officials “confirmed their commitment to increase purchases of U.S. agricultural exports,” said the White House on Wednesday. “The U.S. side agreed to create favorable conditions for it,” said a Chinese editor believed to have contacts in the government.
On Wednesday, the Trump administration turned a weekend threat into a promise of sharply higher tariffs on Chinese products and Beijing declared it would take the “necessary countermeasures” — all on the day before ministerial-level talks to resolve the Sino-U.S. trade war were set to resume.
U.S. and Chinese officials opened their second consecutive week of negotiations to resolve the countries' trade war on Tuesday with President Trump saying the "very complex talks...are going very well." Trump told reporters at the White House, "We're asking for everything that anybody has ever even suggested. These are not just, you know, 'let's sell corn or let's do this.' It's going to be selling corn, but a lot of it, a lot more than anyone thought possible."