U.S. blacklisting lowers China’s expectations for trade talks

U.S. blacklisting lowers China’s expectations for trade talks

Following the U.S. blacklisting of several Chinese companies, China has lowered its expectations for significant progress from the week’s trade talks with the United States. This was expressed by Chinese government officials despite U.S. President Donald Trump showing fresh optimism about the talks.

While Beijing has shown signs of wanting to end the trade war, Chinese Communist Party officials are not optimistic about the size or scope of any agreement with Washington in the short term.

Top U.S. and Chinese trade and economic officials will meet in Washington on Thursday and Friday in attempts to end a year-long trade war that halted global economy in its tracks.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin are among those attending.