{"id":77775,"date":"2019-07-15T09:26:07","date_gmt":"2019-07-15T09:26:07","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-china-restart-tariffs-talks-us-will-no-longer-impose-new-tariffs\/"},"modified":"2025-09-19T08:51:11","modified_gmt":"2025-09-19T08:51:11","slug":"us-china-restart-tariffs-talks-us-will-no-longer-impose-new-tariffs","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-china-restart-tariffs-talks-us-will-no-longer-impose-new-tariffs\/","title":{"rendered":"US and China to restart tariffs talks; the US will no longer impose new tariffs"},"content":{"rendered":"<p><em><strong>On June 29, Chinese President Xi Jinping met with US President Trump in Osaka, Japan.<\/strong><\/em><\/p>\n<p>During the meeting, President Xi Jinping and US President Trump agreed that China and the United States should resume economic and trade consultations on the basis of equality and mutual respect. The US side said it will no longer impose new tariffs on Chinese exports. The economic and trade teams of the two countries will discuss specific issues.<span id=\"more-20326\"><\/span><\/p>\n<p>The resumption of talks and pressing the pause button on more tariffs will be seen in the short term as positive for markets and American businesses. Those have already complained about the cost of further tariffs saying that if they had gone ahead - American consumers would have ended up paying something like $12bn more in higher prices<\/p>\n<p>Chinese businesses have been suffering too - the trade war has hit investment plans, business confidence, and exports in the world's second largest economy. But pressing pause doesn't mean the trade war is over. Tariffs on hundreds of billions of dollars worth of goods are still in place. And the two sides still have much to agree on.<\/p>\n<p>Washington wants Beijing to fundamentally change the way China's economy has grown over the past four decades - get rid of subsidies to state owned companies, open up the domestic market and most importantly, hold China to account if it fails to deliver on any of these commitments.<\/p>\n<p>But Beijing has already publicly said that it won't budge on issues of principle or bow to US pressure.<\/p>\n<p>How the two sides close that gap will be the real test of any trade truce. For now - it is a positive thing that they're talking again. But talking can only take you so far.<\/p>","protected":false},"excerpt":{"rendered":"<p>On June 29, Chinese President Xi Jinping met with US President Trump in Osaka, Japan. During the meeting, President Xi Jinping and US President Trump agreed that China and the United States should resume economic and trade consultations on the &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/us-china-restart-tariffs-talks-us-will-no-longer-impose-new-tariffs\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3254,3257,3252],"class_list":["post-77775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-china","tag-tariffs","tag-us","topic-forestry","topic-industry-prices","topic-wood-construction","topic-wood-furniture","topic-woodworking-machinery","area-china","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US and China to restart tariffs talks; 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