US President Donald Trump does not “anticipate much” to come from the latest round of discussions with China on trade scheduled for this week, he told Reuters in an interview Monday.
Trump said that he had “no time frame” for finishing the trade war with China, and accused the Chinese of deliberately devaluing the yuan in order to mitigate the impact of US tariffs.
Talks will be held in Washington this week led by US Treasury Undersecretary David Malpass and China’s Vice Minister of Commerce Wang Shouwen. They come against the backdrop of a Thursday deadline, when the US is set to implement tariffs on a further $16 billion of Chinese goods and China will respond by imposing duties on a similar value of American goods.
The US Trade Representative’s Office is also holding hearings this week regarding the potential implementation of tariffs on another $200 billion of Chinese goods.