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Commercial war: resumption of negotiations between Washington and Beijing

2019-10-09T16:28:13.475Z

It is this Thursday, October 10 that resumed in Washington the negotiations between the American and Chinese representatives with the aim of trying to break the stalemate of the trade war. But the announcement of new sanctions taken by the administration ...


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China and the United States, the first two world economic powers, meet this Thursday in Washington. REUTERS / Jason Lee

It is this Thursday, October 10 that resumed in Washington the negotiations between the American and Chinese representatives with the aim of trying to break the stalemate of the trade war. But the announcement of new sanctions by the US administration against Beijing worries the markets.

If the US president leans for a comprehensive deal with China, Beijing would rather a partial trade agreement. But discussions will resume in a cold climate.

Earlier this week, US authorities announced the blacklisting of 28 government agencies and Chinese companies suspected of participating in the repression of Muslim minorities in the Xinjiang region of northwestern China.

These major Chinese groups, especially in artificial intelligence and electronic surveillance, will no longer have the opportunity to trade with the United States.

Investors are expecting a lot from this new round of negotiations because this conflict is weighing on global trade. In the United States, the economic situation is slowing down as companies invest little worries about this customs war .

The International Monetary Fund (IMF), after the World Trade Organization ( WTO ), also raises a significant risk for world trade. According to the IMF, these tensions will cut global GDP by around 0.8% by 2020, or about $ 700 billion.

To listen and read also: The copper hostage of the Sino-American trade war

Source: rfi

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