Trade representatives from the U.S. and China will begin their first official in-person meeting since the G-20 truce, but neither side is showing any sense of urgency for a trade deal.
The two-day meeting is set to take place in Shanghai on Tuesday after President Donald Trump and Chinese leader Xi Jinping reached a ceasefire last month. However, expectations for a long-term resolution remain low as Beijing waits and sees Washington's stance on Huawei, while Trump believes China may hold out until the 2020 election.
. "I think China would probably say: 'Let's wait. Let's wait. Maybe Trump will lose and we can deal with another dope, or another stiff."'on Friday he "wouldn't expect any grand deal" at the meeting in Shanghai. There have been millions of tons of U.S. soybean shipments to China, and the U.S. has announced the exemption of tariffs on those farm goods, Chinese state media Xinhua reported on Sunday. It said many Chinese companies have made inquiries to U.S. suppliers in the past week for purchasing new soybeans, cotton, pork, sorghum and other agricultural products and a number of them have been sold.
China is waiting for the U.S. to reciprocate the goodwill, however. Its push to relieve the telecom giant Huawei intensified as Chinese authorities suspect Fedex violated the law by blocking more than 100 shipments from Huawei, Xinhua reported on Friday.
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