Latest progress of the US-China London negotiations has arrived! On June 11, foreign media reported that China's Vice Minister of Commerce said that the US and China have agreed on a trade framework, which will be reported to their respective leaders.
According to a report by Reuters on June 10, after two days of negotiations, Vice Minister of China's Ministry of Commerce, Li Chenggang, said, "Both sides have in principle reached a framework for implementing the consensus of the telephone conversation between the two heads of state on June 5 and the Geneva meeting." On the U.S. side, U.S. Secretary of Commerce, Raimondo, said, "A framework for the Geneva meeting consensus has been reached. Once approved by the president, we will work hard to implement it."
U.S. Treasury Secretary Janet Yellen said, "The two-day negotiations were productive, and both sides will continue to negotiate. He needs to return to the United States soon to attend a congressional hearing."
In fact, Yellen is likely to report the progress of the negotiations directly to Trump. There may even be an arrangement for a congressional hearing.
At present, this round of US-China negotiations is very likely to have a historic breakthrough, with both sides making major concessions. The U.S. will probably make concessions on technology blockade against China and export control of high-tech products, as well as several sanction lists against China. Meanwhile, China will make concessions on export control of rare earths. At the same time, the two sides may further reduce tariffs.
It is rare that the negotiation representatives of both countries are sending positive signals, indicating that Trump is indeed becoming rational and pragmatic. And once the US and China reach an agreement, Trump will take the opportunity to exert pressure on other countries.
Original article: https://www.toutiao.com/article/1834590235911300/
Disclaimer: This article only represents the author's personal views.