US and China Negotiations

On July 30, two-day trade negotiations between the USA and China start in Shanghai. They are held shortly before the quarterly reports of US companies that complain about a trade war.

Concerns about the US-China trade war are mounting during the current quarterly reporting season in the United States.

In general, the business does not expect a breakthrough in the upcoming negotiations, the situation is calm, but uncertainty is growing, the agency said. Recently, China made it clear that it would allow Chinese firms to make some duty-free purchases of agricultural goods in the United States, and Washington urged companies to apply for the abolition of the ban on trade with Huawei.