The U.S. and China are trying to “reset” trade discussions after talks broke down back in May. Politico says U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will hold face-to-face conversations with Chinese officials on Tuesday and Wednesday.
There are a lot of important items on the discussion schedule, including agriculture, intellectual property, forced technology transfers, trade deficits, and enforcement. There’s a lot at stake for U.S. farmers as President Trump is still seeking major Chinese agricultural purchases from the U.S. after reaching a short-term truce with Chinese President Xi in late June.
However, Beijing recently approved new wheat and soybean imports from Russia as the two countries are looking to increase their agricultural-trade activities. Also on the trade front, the Japanese Economic Revitalization Minister is scheduled to be in Washington, D.C., on Thursday for trade talks with Lighthizer. The U.S. is looking for a limited trade agreement in the coming weeks aimed primarily at agriculture and automobiles. Trump and Japan’s Prime Minister Shinzo Abe will meet in late August and late September, which Politico says could be two chances to either sign or shake hands on a mini-deal.