NEW YORK, Aug. 24 -- The United States should uphold the consensus reached between Beijing and Washington at the Osaka Group of 20 (G20) summit, said a senior U.S. scholar, calling for sincere and trustworthy conversations between the two sides.
The U.S. government announced on Aug. 15 that it will impose additional tariffs of 10 percent on Chinese goods worth about 300 billion U.S. dollars, effective on Sept. 1 and Dec. 15, respectively, in two batches.
In response, Beijing announced its decision on Friday to impose additional tariffs on U.S. imports worth about 75 billion dollars. Washington then vowed to retaliate with further tariffs later in the day.
"Washington must at minimum reverse the steps that it has taken over the past month and go back to upholding the (two) heads of states consensus reached at the Osaka G20," Sourabh Gupta, a senior fellow at the Washington-based think tank Institute for China-America Studies, told Xinhua on Friday.
He noted that the consensus could create "the essential basis for forming trust between the two sides." If the two sides reset negotiations based on the consensus, they could "aspire to strike a more broad-based deal related to their structural trade impediments by December 2019."
However, that must be based on sincerity and trust, the senior China watcher said. "Washington must match word with deed. Without sincerity and trust, no negotiations can be expected to succeed."
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