June 29, 2019

U.S. and China agree to restart trade negotiations following meeting between Trump and Xi at Group of 20 summit

Featuring Ely Ratner

Source: The Washington Post

Journalists Damian Paletta, David J. Lynch

President Trump’s decision Saturday to relax limits on Chinese telecommunications giant Huawei and to delay new tariffs on Chinese goods may revive stalled trade talks with Beijing, but it leaves negotiators confronting the same tough issues that derailed negotiations in early May.

Trump’s move — which came in a meeting with Chinese President Xi Jinping at the Group of 20 summit in Japan — was welcomed by business groups that have been hurt by multiple rounds of tariffs on Chinese goods and feared greater damage if the president proceeded with plans to tax a further $300 billion in imports.

But lawmakers in both parties objected to his decision to allow at least some U.S. companies to continue supplying Huawei, despite last month’s Commerce Department order to halt sales to the company because it imperiled U.S. national security.

Read the full article and more in The Washington Post.

Authors

  • Ely Ratner

    Executive Vice President and Director of Studies

    Ely Ratner is the Executive Vice President and Director of Studies at the Center for a New American Security (CNAS), where he is a member of the executive team and responsible...