US President Donald Trump’s Economic Adviser Larry Kudlow said on Wednesday that negotiators from the US and China were working to continue talks next week in a bid to find a resolution to their long-running trade war.
No date yet for face-to-face talks
“Those talks will continue in earnest this coming week,” Kudlow told reporters without explaining if the talks will be face-to-face, but he said those would being “soon.”
US negotiators are USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin. China’s principal negotiator is Vice Premier Liu He. They have already been in touch since last week when Trump and his Chinese counterpart Xi Jinping agreed to restart the talks that had collapsed in May.
Trump’s currency attack on trade partners
Trump accused China and the EU of manipulating currency. “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA,” he tweeted.
Iran is all but ready to breach the 2015 deal
Trump warned Iran about making threats, saying they can “come back to bite you like nobody has been bitten before.” Trump’s remarks followed Tehran’s decision to violate the 2015 nuclear deal. Iran’s President Hassan Rouhani announced that after this week the regime would enrich uranium beyond the fissile purity of 3.67%, the maximum permitted under the deal.
France warned against heightened tensions in the Middle East. “Iran will gain nothing by leaving the Vienna accord,” A French foreign ministry spokesperson said.
US crude oil inventories fell by 1.1 million barrels last week, the Energy Information Administration (EIA) announced on Wednesday. The figure was almost three times less than expected figures.
Putin urges US dialogue
President Vladimir Putin of Russia said on Thursday that Moscow was ready to engage in more dialogue with the US over disarmament and strategic stability. Putin has been visiting Italy and the Vatican added that he talked the issue with Trump at last week’s G20 summit.