Negotiators from both China and the United States held talks between them in Shanghai on Wednesday in an attempt to end the year-long trade war that was present between the two economic giants.
However, the meeting was completely overshadowed by President Donald Trump’s series of tweets on China’s tough negotiating mentality.
The two global economic giants have gone through a year of imposing tariffs on each other, which has covered more than €322.7 billion ($360 billion) in two-way trade in a conflict that is based on both countries imposing taxes on each other’s technologies.
During the negotiations, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin greeted and shook hands with Vice Premier Liu He on Wednesday morning.
The three then went in private to initiate the latest series of talks between China and the United States, in what is the first face-to-face meeting ever since Trump reached a peaceful agreement with Xi Jinping, the President of China, in June.
Whilst the United States officials were in Shanghai on Tuesday engaging in a dinner and informal discussions with the Chinese officials, Trump was blasting several messages on Twitter stating that the Chinese officials were not making it easy to reach a fair deal.
Writing on Twitter, Trump said “My team is negotiating with them now, but they always change the deal in the end to their benefit.”
Trump stated that whilst China had said that they would start buying agricultural products from the United States, they have still shown “no signs that they are doing so.” He also added that “That is the problem with China, they just don’t come through.”
Earlier on, Trump had accused China of going back on its word as previous talks fell through in May.
However, several analysts said that such comments would only make the relationship between the two economic giants even worse, with this being a possible weakness of the US President.
Speaking on behalf of VM Markets Singapore, Stephen Innes, the managing partner of the company, stated that “Whatever shred of optimism markets had about the ongoing trade negotiations were dealt as a severe blow when President Trump flew off the handle again.”
Shanghai-based professor Shen Dingli added that according to Trump’s tweets, he “seems eager to get a deal, that shows his weakness.”
The popular Chinese Communist Party newspaper, People’s Daily, remarked on Wednesday that “the drums of some Americans struck again on the side, disturbing the main melody.” Whilst this statement did not mention Trump directly, it was a complaint with regards to the ongoing talks between the two economic giants.