The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war.
Two days of talks are scheduled to restart on Tuesday after an uneasy truce reached by Presidents Donald Trump and Xi Jinping on the sidelines of the Group of 20 summit in Osaka, Japan, last month. Deep tensions remain, though, and recent days have brought mixed signals from both sides, with neither showing an urge to compromise.
While China has indicated its readiness to buy US agricultural products, it has also called the US the â€black hand†behind anti-government protests in Hong Kong and said an investigation into FedEx Corp.’s claims it mistakenly rerouted Huawei Technologies Co. packages to the US found additional legal violations.
Trump has spoken with tech executives about the ban on selling products to Huawei and potentially easing that prohibition while other US officials played down the possibility of a quick trade deal.