The Chinese and US negotiators will discuss the implementation of the trade deal’s first phase in the coming days. Beijing is pushing for the US’ recent measures against businesses from China like TikTok and WeChat to be part of the agenda.
China. There will be a virtual meeting to take place sometime this week that will shape the tides of trade once again. According to those that are familiar with these trade talks, a final date has not been given.
Chinese officials are pushing to bring up President Donald Trump’s very vocal prospective bans on certain transactions with two powerhouse apps on the grounds of national security.
The intentions of the Chinese regarding TikTok and WeChat are still unknown at this point.
Seven months right after both countries signed an agreement to put the tariff war to a halt due to the global economic backlash, the goods that the U.S. has purchased are experiencing extreme backlogs.
The purchases that the U.S. government has made are now falling far behind schedule.
The Coronavirus and the Trade Talks
The ongoing coronavirus crisis and also the concurrent deterioration in the two powerhouse’s relations with regards to everything from tech security all the way to Hong Kong.
The chaos means that the trade deal still remains as one of the very few areas where both Washington and Beijing are currently still cooperating.
Trump’s very own economic adviser Larry Kudlow stated at a recent press conference held at the White House that “one area” in which the U.S. is engaging in is trade.
China’s own commerce ministry and also the foreign ministry did not give a response to faxes seeking comment immediately.
China is still seeking to defuse this unpredictable confrontation between them and the U.S. that has seen a lot of its tech champions as targets.
The latest actions include the potential sale of the U.S. operations by their tech giant company ByteDance Ltd’s popular short-video platform TikTok to Microsoft Corp.
Trump is also putting a ban on U.S. transactions with the known Tencent Holdings Ltd’s popular chat app WeChat. The app already has over a billion users.
Trump’s very own executive orders are set to be effective this September.
The order has a potentially wider impact than the known assault on the Chinese telecommunication hardware provide known as Huawei.
The U.S. has been threatening to sever their communication links with the people of the entire world’s biggest economies.
The U.S. still argues that these Chinese apps collect information on their citizens and stand as a grave national security threat.
The allegations say that there is a great risk that the data of U.S. citizens could fall into the hands of the Chinese government.
Huawei has been receiving a tremendous amount of heat and considered a “security threat” to the U.N. and the U.S.
The Chinese telecommunications hardware provider shot to the top of the list against many heavy names in the mobile phone market.