Trump warns China not to wait on trade deal as talks resume

U.S. China move trade talks to Shanghai amid deal pessimism

U.S. China move trade talks to Shanghai amid deal pessimism

"That is the problem with China, they just don't come through", Trump wrote.

Earlier in the morning, Trump posted Twitter messages in which he warned the Chinese regime against waiting until the 2020 election results to make a trade deal.

The president said China "was supposed to start buying our agricultural product now - no signs that they are doing so".

Washington has been recently considering easing a trade ban on Chinese telecommunication giant Huawei Technologies Co., imposed on grounds of national security, and Beijing has moved to boost purchases of US farm goods, indicating the two sides may make some concessions. The Americans are set to attend a dinner at the Fairmont Peace Hotel on Tuesday evening, and talks are scheduled to pick up again on Wednesday in China's bustling port city.

"The problem with them waiting ... is that if & when I win, the deal that they get will be much tougher than what we are negotiating now...or no deal at all", Trump said in a series of tweets.

But Sino-U.S. trade spats have shown little signs of petering out anytime soon, as the Chinese government led by President Xi Jinping is believed to be still reluctant to reform its alleged unfair trade practices despite U.S. demands.

Expectations for a breakthrough in the trade talks remain low. While Chinese experts following the talks see the Shanghai round as a symbolic restart, they also say the Beijing leadership can afford to drag out talks until next year, to see if the US presidential election makes Mr. Trump amenable to a deal.

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In a commentary today, state news agency Xinhua admitted relations were "strained" and called for the USA to "treat China with due respect if it wants a trade deal".

Days prior to the Shanghai meeting, Trump threatened to withdraw recognition of China's developing nation's status at the World Trade Organization.

White House economic adviser Larry Kudlow on July 26 said he "wouldn't expect any grand deal", at the two-day meeting, and that negotiators would try to "reset the stage" to bring the talks back to where they were before the breakdown in May. At a rally kicking off his reelection campaign in Florida in June, he told a crowd of supporters: "We'll see what happens, but we are going to have a good deal and a fair deal or we're not going to have a deal at all and that's OK too".

"It depends on the willingness of both sides, especially the American side", said Li Yong, a senior fellow at Beijing-based think tank China Association of International Trade.

For more than a year, China and the United States, in a bid to settle their trade disputes, have held 11 rounds of high-level talks, during which Beijing has demonstrated its utmost sincerity to overcome differences between the two sides in pursuit of an agreement that can satisfy both.

Before the talks began Tuesday, Chinese telecom giant Huawei reported a 23 percent increase in revenue for the first six months of 2019, despite a us ban against the company. "China is willing to give up a lot".

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