America's sincerity in seeking a deal doubtful
As China's White Paper on its trade negotiations with the United States, released on Sunday, shows, the US bears the full responsibility for the stalled trade talks since it is the one that has backtracked on its commitments - at least three times so far.
In early February last year, the two sides reached a consensus on their trade frictions, with China agreeing to import more agricultural and energy products. However, the US announced later that month it was imposing 25 percent tariffs on $50 billion worth of Chinese goods.
Talks in May then produced the consensus that they would not engage in a trade war, only for the US government to break that consensus 10 days later when it announced it would impose tariffs on more Chinese imports.