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Stalemate in the trade war? Washington is on the verge of finalizing phase one of a three-phase agreement with Beijing aimed at addressing China's " structural capital sins, " according to White House advisor Peter Navarro on the Fox Business channel.
With this trade agreement , the United States hopes to create a control mechanism to impose tariffs on Chinese products, in case of violation by China of the anti-dumping agreement between the two countries. And this without fear of retaliation from Beijing.
Negotiations on agriculture, financial services and foreign exchange, or on the theft of intellectual property have advanced, in the view of the US government. For their part, the Chinese authorities are pleased to have reached " a consensus on principles ".
This apparent lull comes as Beijing has just won a victory in its trade showdown with Washington. In a six-year dispute, the World Trade Organization (WTO) on Friday authorized China to impose more than three billion euros in annual sanctions on US products.
A firm decision that the United States can not appeal. A first, even if China hoped to impose more than six billion euros in penalties per year, for non-elimination by the United States anti-dumping rules.