President Trump momentarily eases trade war Monday after hinting that China may soon restart trade negotiations with the U.S. following the G7 meeting in France
According to The New York Times, President Trump received phone calls from Chinese officials Monday that implicated that the two sides may restart trade negotiations in the near future. This is just the latest shift in tone from President Trump regarding the Chinese-American trade war, calling President Xi Jinping of China a “great leader” days after announcing him an “enemy” to the American cause. The G7 summit, which preceded the temporary ease in trade war between the two superpowers, is “a collective of seven of the world’s most industrialized and developed economies. Their political leaders come together annually to discuss important global economic, political, social and security issues,” and is supposed to conclude Monday, CBC News reports. ~
The news comes amid an escalating trade war between the U.S. and China that has been raging for over a year. The latest series of escalations in the war came Friday after President Trump retaliated to new Chinese-imposed tariffs. In these escalations, President Trump promised to increase American tariffs on China, “hereby ordered” American companies out of China, and coined the Chinese president as an “enemy’ to the United States. According to The New York Times, President Trump said he had had “second thoughts” regarding the trade war escalation at the G7 summit, but Trump Administration aides corrected his statement within hours, stating that “his only regret was that he had not been even tougher on China.” ~
It is expected that the U.S. and China will resume trade talks in coming weeks if no escalations in the trade war get in the way of newly forgiving relations. Liu He, the Chinese vice premier, said in a statement at the G7 summit in France Sunday, “We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war. We believe that the escalation of the trade war is not beneficial for China, the United States nor to the interests of the people of the world.” President Trump responded to the statements, as well as the received phone calls from Chinese officials, saying that “We were called and we’re going to start very shortly to negotiate. We’ll see what happens, but I think we’re going to make a deal.” ~
This is Fact Based America – WE have the FACTS. YOU have the OPINIONS. What do you think will come from this shift in tone from President Trump regarding the U.S.-Chinese trade war?