US, China move trade talks to Shanghai amid deal pessimism 0 SHARES Share it! These include Chinese purchases of U.S. farm commodities and the United States allowing firms to resume some sales to China’s tech giant Huawei Technologies. “They are doing this little dance with Huawei and ag purchases,” said one source recently briefed by senior Chinese negotiators. “Less politics, more business,” Tu Xinquan, a trade expert at Beijing’s University of International Business and Economics, who closely follows the trade talks, said of the possible reason Shanghai was chosen as the site for talks. Beijing is opposed to a phased withdrawal of duties, while U.S. trade officials see tariff removal — and the threat of reinstating them — as leverage for enforcing any agreement.

Source: Manila Bulletin July 28, 2019 21:56 UTC