As the US’s delegation of trade officials and economists lands in Beijing for much-anticipated talks on resolving the tensions of past months, one senior Chinese official makes it clear that US “threats” won’t work on China.
China is not in the business of accepting US preconditions for negotiations, the official added, such as compromising plans to rejuvenate its manufacturing sector or agreeing to wipe $100 billion off the trade gap.
The US side has also dampened expectations for this week’s talks, pointing to the most likely outcome being an agreement to continue negotiations. White House officials have said they will prematurely end the meetings if the direction is not satisfactory, reports Bloomberg.