Surprise Me!

Trump's senior economic advisors to visit Beijing next week for crunch trade talks

2018-04-25 5 Dailymotion

미 재무장관 스티브 므누신 방중 예정<br /><br /> Fears of a full-blown trade war between the U.S. and China appear to have somewhat subsided.... with the Asian giant making a number of concessions recently,... but tensions still linger.<br />Amid this uneasy atmosphere President Trump decided to accept an invitation to send his Treasury Secretary to Beijing for talks... aimed at striking a deal acceptable to both sides.<br />Hong Yoo has the full story. <br /> U.S President Donald Trump is to send his Treasury Secretary Steven Mnuchin to China next week with the aim of brokering a deal to settle their trade disputes.<br />The Wall Street Journal reports the visit, that comes at China's request, is likely to take place from May 3rd to the 4th.<br /> Mnuchin will be joined by U.S. Trade Representative Robert Lighthizer, National Economic Council Director Larry Kudlow and White House trade adviser Peter Navarro.<br />The two sides have already been holding discussions at a high-level with Munchin sitting down last week with Yi Gang, the governor of China's central bank, during the IMF and World Bank Spring meeting in Washington.<br /> Both sides said some progress toward a solution was made at that meeting.<br />The Wall Street Journal reports that the purpose of Mnuchin's visit to Beijing is to reach a final agreement. <br />President Trump expressed confidence on Tuesday that the two sides can reach a compromise.<br /><br /> "I think we've got a very good chance of making a deal. As you know, they've just stated, President Xi, a terrific guy and a friend of mine, but he's representing China and I'm representing the United States."<br /><br />But the U.S delegation is likely to face its own internal difficulties as the group is made up of a mix of moderates and hardliners. <br /> Mnuchin and Kudlow are viewed as the moderates that favor free trade.<br />Both recently praised Beijing for easing restrictions on automobile imports.<br />Lighthizer and Navarro, on the other hand, are seen as the hardliners. <br />Just last month Lighthizer demanded China do much more to reduce its massive trade surplus with the U.S.<br /> Experts say the delegation must work as a team to seal a deal that will satisfy their boss in the White House... all while sidestepping potential pitfalls that could see the two sides resume their destabilizing tit-for-tat tariffs threats.<br />Hong Yoo, Arirang News. <br />

Buy Now on CodeCanyon