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Home / Business / China is reportedly reluctant to agree to a broad US trade agreement with talks set to restart

China is reportedly reluctant to agree to a broad US trade agreement with talks set to restart



President Donald Trump meets with Chinese President Xi Jinping at the start of their bilateral meeting at the G20 leader summit in Osaka, Japan, June 29, 2019.

Kevin Lemarque | Reuters

Chinese officials are hesitant to pursue a broad trade agreement with the United States in negotiations that begin Thursday, people familiar with the matter told Bloomberg News.

Deputy Prime Minister Liu He, who will lead negotiations for China, according to Bloomberg. This is among the Trump administration's most important demands in the trade talks.

The US-China trade talks also close to Trump facing an inquiry into the House of Representatives, after the president in a telephone conversation with the President of Ukraine suggested that the country investigate Joe Biden, a potential rival of 2020, and son Hunter. However, people close to the administration say that the inquiry did not affect the trade talks with China.

As traders prepare for this week, tensions have also risen after reports revealed that Trump officials were weighing some curbs on US investment in China, including possibly blocking all US financial investment in Chinese companies. However, White House Commerce Policy Director Peter Navarro denied the reports and called them "fake news."

Read the full Bloomberg News report here.


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