Senior U.S. and Chinese officials will review the implementation of their Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during an Aug. 15 videoconference, two people familiar with the plans said.
U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the principal negotiators for the two countries, will participate in the meeting, an initial six-month review of the pact activated on Feb. 15.
But China, battered by the global coronavirus recession, is far behind the pace needed to meet its first-year goal of a $77 billion increase. Imports of farm goods have been lower than the 2017 level, far behind the 50% increase needed to meet the 2020 target of $36.5 billion. “It’s both the normal semi-annual review and also comes at a time when the relationship continues to deteriorate. Naturally there is much to discuss,” the person said.
Trump has threatened to end the trade pact over China’s handling of the coronavirus, which originated in the city of Wuhan, and tensions have risen over U.S. sanctions related to China’s security crackdown on Hong Kong.
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WSJ News Exclusive | U.S., Chinese Officials to Meet Aug. 15, Assess Trade DealThe U.S. and China have agreed to high-level talks on Aug. 15 to assess Beijing’s compliance with the “phase one” bilateral trade agreement signed early this year, according to people briefed on the matter.
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