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Indiaexportnews.com

No breakthrough in trade talks yet

  29.01.2019    

US President Donald Trump's advisor on China says he doesn't expect a breakthrough in talks in the "near term," predicting a planned meeting between US and Chinese negotiators at the end of January will end without a trade deal, reported CNBC News.
Director of the Centre for Chinese Strategy at the Hudson Institute Michael Pillsbury, a China hawk with the ear of the US President, was quoted as saying: "Over the last 45 years, a lot of American presidents have negotiated with China," he told CNBC.
"And there are some patterns to what has gone on. One of them is that the Chinese prefer to make a last-minute deal, to get the best deal they can. So, I am not among those who think there is going to be a breakthrough in the next few days."
The meeting between US negotiators and two Chinese Vice Ministers was cancelled, CNBC has reported, although the White House has said, "the teams remain in touch in preparation for high level talks" at the end of the month.
Mr Pillsbury remained optimistic about the US and China reaching a deal in the longer term.
"I don't expect this to be a smooth deal. But I do expect success because President Trump cares so much about the issue," he said.
The US has fixed a March 2 deadline for negotiators to reach a deal, otherwise, the Trump administration has threatened to raise tariffs on US$200 billion of Chinese goods.



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