China is looking to narrow the scope of negotiations with the U.S. to only trade matters. The news comes as China’s industrial output has plunged to its lowest level since 2002 – indicating that the pressure exerted by the Trump administration is having serious effects on the communist regime.
That would put national-security issues on a separate track, in a bid to break deadlocked talks with the U.S. The news comes after President Trump said the U.S. will delay by two weeks a planned increase on tariffs on some Chinese imports.
Talks have been stalled since May, but a new round is due to take place in Washington next month. Chinese negotiators are making plans to boost purchases of U.S. agricultural products, give American firms greater access to China’s market and bolster intellectual-property protections, these people said.
Trump also stated late Wednesday that the U.S. will delay a tariff increase that was to go into effect on roughly $250 billion worth of goods on Oct. 1. He said the move comes “at the request of the Vice President of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary.”
China’s Commerce Ministry said it welcomed the postponement.
The Communist Chinese Economic forecast will miss its forecast growth goals for another quarter as markets for goods not being shipped to the U.S. dries up. Hundreds of companies have, since the beginning of the year, been moving production out of the country in an attempt to avoid tariffs on their products.