Trade war: China-United States meeting on trade deal this Saturday
The United States and China will take stock this Saturday on the trade agreement signed in January and supposed to end the trade war between the two countries. Greg Baker / AFP
Text by: RFI Follow
The United States and China will take stock this Saturday on the trade agreement signed in January and supposed to end the trade war between the two countries. But its implementation has been undermined by the Covid-19 and the renewed tensions between the two world economic powers.
The agreement was to mark a truce in the trade war between the two countries. This goal was not reached because of the health crisis. The pandemic has caused a global economic recession and consequently a slowdown in trade between China and the rest of the world. The agreement stipulated, for example, that the Middle Empire was to purchase an additional $ 200 billion in US goods over two years. But Beijing is now far behind the pace of purchases to reach this amount.
Since the outbreak of the pandemic, relations between the two countries have only worsened. Donald Trump holds China responsible for the spread of the virus, he even threatened to cancel the trade agreement. The US president has opened up other fronts. Latest episodes to date: the Chinese social network TikTok is accused by the US president of being used by the Chinese intelligence services. It threatens to make the application inaccessible in the United States. The situation in Hong Kong is also another point of tension. Donald Trump assured Thursday that this autonomous region can " never prosper " under the control of China, he predicted " a descent into hell " for the Hong Kong financial markets.
Newsletter Receive all international news directly in your mailboxI subscribe
Follow all the international news by downloading the RFI applicationgoogle-play-badge_FR
- United States
- Hong Kong
On the same subject
Washington sanctions Hong Kong leaders, further escalation with Beijing
Trump bans all transactions with Chinese owners of TikTok and WeChat
After TikTok, other Chinese applications in the sights of the US government