Thorough rounds of clashes and heated up discussions are being continued between the USA and China over the trade. The stocks have been knocked out on Tuesday after the administrative officers of the US denied the offer extended by two Chinese officials to meet this week. This meet was planned by Wang Shouwen and Liao Min for a high-end discussion with the US officials in Washington dated on January 30 and 31. The meeting was supposed to be held between the vice-premier of China Liu He and the US trade representative Robert Lighthizer as mentioned by Yuan Yang, Tom Mitchell and James Politi. This one-on-one meeting was canceled by the US because they felt that the forced technology transfer lacked any kind of progress.
To this the premier Trump economist Larry Kudlow mentioned in an interview with the CNBC that there were no such plans for any meeting with China neither were there any scheduled intermediate meetings. Nothing as of was canceled stated Kudlow. These answers showed a delayed stock market reassemble. The average for Dow Jones closed at 1.2 percent below and off the lows by about 2.0 percent.
The trade talk continues to hit the market low. The investors are quite sensitive at this stage. The headline talks might continue to increase till March 2 which is the deadline declared for the negotiations to be dealt out between the two trade giants, the US and China. If the negotiations are not approached, the tariff on $200 billion imports from China will result into a 25 percent growth from a mere 10 percent.
The new situations coming up in the expected healthy discussions further tense the trade war. The chance of facing new worries has now started to move through the Oval Office. It is suspected that the US President Donald Trump might open up an agreement with the Beijing regarding the same even before he discusses the matter with the Democrats to renew the government.
The Chinese, on the other hand, are expecting a stand-down. Therefore, the Beijing government had proffered to close the bilateral trade deficit and go for a six-year splurge to boost up imports from the USA. This would result in the deal value of more than $1 Trillion during the period and remove the trade gap barrier between the two countries.
The Trump officials have responded to this that they demand the Chinese government to do better to balance the trade gap issue and have just offered changes in the symbolic structure. The $1 Trillion offer is too low lying and cheap for the Beijing government, they said.