China will announce the final list of imports by June 15, and by June 30, the US is expected to issue a proposal about restricting Chinese institutions and companies from acquiring American technologies.
SUMMARY
The most recent round of US-China trade talks ended on Sunday, June 3 without any signed trade deals. Some reports earlier this week claimed that China agreed to buy more agricultural products, including soy beans and corn as well as energy products such as natural gas. China will announce the final list of imports by June 15, and by June 30, the US is expected to issue a proposal about restricting Chinese institutions and companies from acquiring American technologies. As a result of the ongoing trade dispute between Beijing and Washington, American farmers, microchip makers, and energy producers have been struggling to make up the difference.
FAO GLOBAL ASSESSMENT
With no short-term solution for the ever-growing list of tariffs between the US and China, American firms need to prepare for the long haul. For firms with the necessary resources, that may mean moving production to China or seeking new markets. Other options include entering joint ventures with Chinese firms, which can insulate American imports from tariffs on US imports into China. These however are long term options but will be unlikely to mitigate the immediate impacts by pending tariffs.
Related Links
- New York Times CN: 中美貿易談判再陷僵局，中興難題仍未解
- Xinhua: 中美博弈在繼續，美媒替白宮釋放了這兩個微妙信號
- Global Times: Trade consultations make positive, concrete progress: statement
- Bloomberg: America's Wells, Mines and Farms Targeted by China Trade Offer
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