China

Following President Trump’s “goodwill” gesture, U.S. and Chinese trade deputies will convene in Washington, DC, later this week ahead of planned high-level talks next month.

“A lot of people are talking about it, and I see a lot of analysts are saying an interim deal, meaning we’ll do pieces of it – the easy ones first. But there’s no easy or hard. There’s a deal or there’s not a deal. But it’s something we would consider, I guess.”

Larsen spoke about the status of the U.S.-Mexico-Canada agreement, as well as the U.S.-China trade conflict and the shifting politics of trade.

“China’s supply chain is breaking up. It was this unbreakable, powerful tool that they had; it’s breaking up like a toy because companies are moving out and China wants to make a deal.”  

Duties already paid on some of the products will be refunded, the notice says.

Manufacturing and industrial firms mentioned tariffs most frequently, followed by retailers and technology firms, the analysis found.

The Trump administration has put too much pressure on China's leaders to enact reforms, strengthening the hand of hardline Communist party officials who favor state control over economic reforms and blowing an opportunity to compel Beijing to open its markets, analysts said at a U.S.-China Economic and Security Review Commission hearing on Wednesday.

Sen. Pat Toomey (R-PA) will not vote for the U.S.-Mexico-Canada Agreement in its current form, he said on Tuesday, adding it was “very unlikely” any changes could be made to the pact to win his support.

The U.S. claims that China’s imposition of retaliatory tariffs means the two parties have reached their own resolution to Beijing’s challenge of U.S. Section 301 tariffs at the World Trade Organization, according to the first U.S. written submission in the case.