VOA常速英语:呵呵哒--美国有病却让中国吃药

Wednesday stock in China’s biggest city and global financial hub Shanghai ended without a deal, but negotiators cited progress and agreed to meet again in September.
The United States has accused China of dragging its feet in the hope of getting a more favorable agreement.
Even before the meeting, US president Donald Trump warned Beijing that he might impose tougher trade terms in China, if the talks are not concluded before the 2020 US presidential election.
China’s foreign ministry said Wednesday that Beijing would not succumb to pressure.

It’s pointless to tell others to take medication when you’re the one who is sick. On the issue of trade negotiations, we think the United States should show more sincerity and good faith.
The two sides met face-to-face for the first time since they failed to reach an agreement at a meeting in Washington more than two months ago.
The US team led by trade representative Robert Light Heiser and Treasury Secretary Stephen Minuchin negotiated for China’s commitment to purchase American agricultural goods. China wants the U.S. to reduce tariffs on Chinese imports in the United States.
A key economist of the multinational investment bank Berenberg does not expect a speedy agreement.
The Chinese economy is more dependent on sales in the United States and on contact with a technology leader US with Silicon Valley than the other way around.
But the Chinese political system is more patient compared to the American system.
Both sides probably think they have better cards in their hands and that’s why it’s so hard to come to an agreement.
But the Hamburg based economist also warns that the prolonged dispute could undermine the global economy.
There are uncertainties that this dispute causes about the future trade regime affects not only China and the US but in principle the industry in almost the entire world and that is actually a major reason why the industry in Germany is weakening considerably.
The US-China trade dispute has dragged for more than a year with the world’s two largest economies imposing billions of dollars in tariffs on each other’s imports, affecting global supply chains and financial markets.
Izla Hoe VOA news Washington.