Beijing and Washington are expected to extend the truce of the customs duties between them for another 3 months during commercial talks in Stockholm, starting on Monday, according to sources familiar with the matter from both sides of the Chinese newspaper “South China Mourning Post”.
In May, China and the United States agreed to cancel most heavy customs duties imposed on their goods, 90 days, as trade negotiations continue. This comment is scheduled to end on August 12.
The sources said that during the third round of trade negotiations between the two largest economies in the world, each of them will explain his views on the main points of disagreement – such as the United States’ concerns about the excessive production capacity of China – rather than achieving specific breakthroughs.
One of the sources explained that during the expected extension period for 90 days, the two countries will abide by; Each towards the other, not to impose additional customs duties, and the non -escalating the trade war by any other means.
According to three sources familiar with Beijing’s position, while previous discussions in Geneva and London focused on “cutting the escalation”, the Chinese delegation will also pressure at the last meeting on the American President’s team, Donald Trump, commercial on customs duties related to fentanel.
Trump imposed an additional 20 percent tax on Chinese imports last March, claiming that Beijing had not made sufficient efforts to stop the flow of fentanel to the United States. Washington has not shown any indication of what it is adequately progressing about fentanel to justify the reduction of customs duties. The Chinese side can seek a greater clarification on this threshold during the Stockholm tour.
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