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US trade negotiators to visit Beijing on January 7 Washington will send a team of trade negotiators to Beijing in the week of January 7, to hold trade talks with Chinese officials, said CER. The delegation will be headed by Deputy US Trade Representative Jeffrey Gerrish, and will also include Treasury Under Secretary for International Affairs David Malpass, according to the sources.   The meeting will be the first face-to-face meeting between the two countries since Presidents Xi and Trump agreed to a 90-day trade truce during the G20 summit in Argentina last month.  Despite some viewing the renewed talks as another sign of progress following gestures by Beijing to address US concerns over auto tariffs and intellectual property, others are sceptical that the truce period will yield any major breakthroughs. “The failure of cabinet-level officials to even meet in the first half of the 90-day period makes it impossible to anticipate fundamental change on the

China has more ways to retaliate than through import tariffs! According to Bill Diviney, Senior Economist & Arjen van Dijkhuizen, Sr. Economist-ABNAmro  Global Trade says, Tariffs to push up inflation, but growth impact less certain – Emboldened by the strong momentum in the US economy and probably keen to score points among his base ahead of the midterm elections, President Trump is pressing ahead with his threat of further tariffs on Chinese imports.   In addition to the 25% tariff on USD50bn of imports, the US is now imposed a 10% tariff on a further USD200bn from 24 September, with this rate going up to 25% on 1 January. The staggered implementation will a) Soften the economic blow to businesses and consumers, and  b) Leave room to negotiate (and potentially avoid implementation) ahead of the expected Trump-Xi summit at the end of November. China has in the meantime promised to retaliate with a 5-10% tariff on a further USD60bn of US imports (there is already a