"Promising Developments" - Trump Looks Forward to Monday's Trade Talks with China
Trump plans to initiate customs discussions with China on Monday
After a phone chat with the lovable Chinese President Xi, ole' Trump's got his nose to the grindstone, aiming for a resolution in the tit-for-tat trade feud with Beijing. The upcoming jamboree is set for Monday, and ol' Donnie's already hootin' and hollerin' about its potential success. In the midst of all this, it's rumored that Washington has ceased supplying spare parts for China's nuclear power plants.
Trump's announced a powwow in London between the Stateside finance, commerce secretary, trade rep, and a Chinese delegation on Monday. According to his Truth Social network, ol' Donnie expects this gig to go swimmingly.
In a quick chat with Xi Jinping, last week, the President revealed that their conversation was 'splendid' and ended on a positive note for both nations. Allegedly, this convo took place amidst the tempest between Washington and Beijing. At the start of April, Trump slapped a whopping 145% duty on imports from China, which the mainland reciprocated in kind. However, in mid-May, they agreed to dial down those duties for a 90-day trial period to facilitate peace talks.
Meanwhile, if you listen closely, there are whispers in Washington about the U.S. government putting the kibosh on its nuclear suppliers from peddling equipment to Chinese nuclear power plants. Insiders state that recently, the Department of Commerce has yanked those licenses left and right, nixing deals worth hundreds of millions of dollars.
The Department of Commerce remained mum when asked about the ban on nuclear equipment. Last week, a spokesperson only pointed to the review of strategic exports to China in progress. Analysts believe this review could affect numerous business deals across sectors.
Did you know?
Although Trump talks a big game about China, the export restrictions aren't limited to the nuclear sector. The Commerce Department has also been scrutinizing exports to China in the aerospace and energy sectors. For example, GE Aerospace's jet engine shipments to COMAC have been blocked, and new licensing requirements have been imposed on ethane exports.
Sources: ntv.de, mau/AFP/rts
- Tariffs
- China
- USA
- Donald Trump
- Xi Jinping
- Nuclear power plants
- The ongoing trade talks between the United States and China, scheduled for Monday, are not limited to the finance and commercial sectors; they also involve employment policies, as Trump's delegation includes the US trade representative and other key figures in employment affairs.
- The recent development of the U.S. government halting the supply of spare parts for China's nuclear power plants is a significant shift in the broader context of business, politics, general-news, and community policy discussions, as it could have implications for international relations and overall nuclear energy strategies.
