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Trump's trade war is economic suicide

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The Latest: Trump ” says developments in US-China trade

 December 11, 2018  
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FILE - In this Sept. 16, 2018, file photo, a driver looks out from his trishaw decorated with an American flag and Chinese flags in Beijing. China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, Dec. 11, 2018, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive. (AP Photo/Andy Wong, File)

 

WASHINGTON (AP) — The Latest on the back and forth between China and the U.S. over trade, technology and the arrest of an executive of the Chinese network gear company Huawei Technologies. (All times local):

11 a.m.

President Donald Trump is hinting that “important announcements” are coming regarding ongoing trade discussions between the U.S. and China.

He didn’t elaborate, but White House counselor Kellyanne Conway cited news reports that China appears to be moving toward reducing tariffs on cars made in the U.S. to 15 percent from 40 percent.

Trump agreed on Dec. 1 to postpone more U.S. tariff hikes on Chinese goods for 90 days while the two sides negotiate over American complaints about Beijing policies.

Trump tweeted Tuesday that conversations between the world’s largest economies have been “very productive.”

China’s government says its economic czar and the Treasury secretary have discussed plans for the next round of trade talks. Stock markets around the world jumped on news that the trade war may be easing.

_______

5:20 p.m.

China’s foreign minister has vowed to defend its citizens abroad as a Chinese technology executive waits to see whether a Canadian court will release her on bail in a case that has strained U.S.-Chinese relations.

Foreign Minister Wang Yi said Tuesday that Beijing will “spare no effort” to protect against “any bullying that infringes the legitimate rights and interests of Chinese citizens.”

Wang didn’t mention the arrested Huawei Technologies Ltd. executive, Meng Wanzhou. But a ministry spokesman, Lu Kang, said Wang was referring to cases of all Chinese abroad, including Meng.

Meng was arrested Dec. 1 in Vancouver on U.S. charges related to possible violations of trade sanctions on Iran.

___

11:50 a.m.

China’s government says its economic czar and the U.S. Treasury secretary have discussed plans for the next round of talks in a tariff battle following a temporary cease-fire.

The Commerce Ministry’s announcement Tuesday suggests negotiations are going ahead despite tension over the arrest of a Chinese technology executive.

A ministry statement said Vice Premier Liu He and Treasury Secretary Steven Mnuchin discussed “the promotion of the next economic and trade consultations” but gave no details.

President Donald Trump agreed on Dec. 1 to postpone more U.S. tariff hikes on Chinese goods for 90 days while the two sides negotiate over American complaints about Beijing technology policy.

The arrest in Canada last week of a Huawei Technologies Ltd. executive prompted worries those talks might be derailed.

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Yup just keep watching the markets... Lower highs and lower lows... Our current economic policies are not helping... Corporate welfare, increased spending and isolation from the global economy are taking us in the wrong direction. JMHO

 

B/A 

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Report: China buys US soybeans for the first time after the trade truce

Report: China buys US soybeans for the first time after the trade truce

 12 December 2018 10:43 PM
Direct : Press report said that China has purchased at least 500 thousand tons of soybean US soybean import in the first commercial operation after the truce between the two largest economies in the world.

The move is one of the clearest signs of a lull in the trade dispute between China and the United States after the leaders' meeting on the sidelines of the G-20 summit.

China has bought US soybeans for at least $ 180 million, sources familiar with the matter told Reuters on Wednesday.

US President Donald Trump has said China is back in the market and is buying huge amounts of soybeans.

The US president said another meeting with China is likely to be held in the coming period, with signs of progress in a trade deal between Washington and Beijing.

 
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***///

 

Thank you for the early morning Farm Report here, YerYOTAness !  ;)^_^

 

Those Chi-Coms can live without our awesome Capitalist cars,

but when it comes to Soy Beans,

They just can't say "no"...!  :lol::P

 

.

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US Commerce Secretary: possible possible settlement with Beijing on trade

US Commerce Secretary: possible possible settlement with Beijing on trade

07 Jan 2019 08:58 PM
Direct : US Secretary of Commerce said that the United States and China may reach a good settlement of the dispute on current trade issues while agreeing on key issues and their implementation will be difficult.

"I think there is a very good chance that we will have a reasonable settlement of China and the United States on the issue titles, which are key to resolving key issues," Wilbur Ross said in an interview with CNBC on Monday.

"The talks with Beijing will help determine whether trade disputes between the two largest economies in the world can be resolved through negotiations," Ross said.

China and the United States began trade talks on Monday in a bid to resolve outstanding issues between the world's two largest economies after agreeing in November to a 90-day truce.

US President Donald Trump said yesterday he was optimistic about trade talks, saying he believed China had a motive for a deal with the United States because of a slowdown in its economy.

 
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