Chinese Ministry of Commerce: We will sign the trade deal in Washington next week

[Shabibilicious]

15 minutes ago, ladyGrace'sDaddy said:

7 billion dollars just in the last quarter alone from China tariffs

That sure isn't loosing. 

 

And Donald hasn't thanked you, me or the rest of the American consumers for flipping the bill caused by his tariffs.  At least he has given the farmers welfare checks for their trouble....the one's who still own farms, that is.  

 

GO RV, then BV

[Shabibilicious]

21 minutes ago, coorslite21 said:

 

McConnell isn't the one doing nothing in Congress.....and the workings of Government all start with Congress.....currently led by Pelosi.....who seems to have trouble putting sentences together....    CL

 

At last check congress is a combination of the House of Representatives and the Senate....they both have the power to write bills.  Pelosi simply controls the checkbook.

 

 

con·gress

/ˈkäNGɡrəs/

noun

• 1.a national legislative body, especially that of the US. The US Congress, which meets at the Capitol in Washington, D.C., was established by the Constitution of 1787 and is composed of the Senate and the House of Representatives:"changes in taxation required the approval of Congress"synonymslegislature, legislative assembly, parliament, convocation, diet, ... more
• 2.a formal meeting or series of meetings for discussion between delegates, especially those from a political party or labor union or from within a particular discipline:"an international congress of mathematicians"synonymsconference, convention, seminar, colloquium, symposium, ... more

Powered by Oxford Dictionaries

 

GO RV, then BV

Edited November 13, 2019 by Shabibilicious

[coorslite21]

7 minutes ago, Shabibilicious said:

 

At last check congress is a combination of the House of Representatives and the Senate....they both have the power to write bills.  Pelosi simply controls the checkbook.

 

 

con·gress

/ˈkäNGɡrəs/

noun

• 1.a national legislative body, especially that of the US. The US Congress, which meets at the Capitol in Washington, D.C., was established by the Constitution of 1787 and is composed of the Senate and the House of Representatives:"changes in taxation required the approval of Congress"synonymslegislature, legislative assembly, parliament, convocation, diet, ... more
• 2.a formal meeting or series of meetings for discussion between delegates, especially those from a political party or labor union or from within a particular discipline:"an international congress of mathematicians"synonymsconference, convention, seminar, colloquium, symposium, ... more

Powered by Oxford Dictionaries

 

GO RV, then BV

 

The vast majority of the Bill's start in Congress....go thru committee.....if passed....then to the Senate.....if passed.....to the President.... and he can sign it.....

Just how the system has worked.....

Again......show me something factual on what Pelosi has accomplished.....other than allowing her party to try to remove Trump....     CL

[Shabibilicious]

5 minutes ago, coorslite21 said:

 

The vast majority of the Bill's start in Congress....go thru committee.....if passed....then to the Senate.....if passed.....to the President.... and he can sign it.....

Just how the system has worked.....

Again......show me something factual on what Pelosi has accomplished.....other than allowing her party to try to remove Trump....    

Nearly halfway through the year, Congress has only passed 17 laws

Ahead of the Memorial Day recess, and nearly halfway through the year, Congress has only passed 17 laws.

Major laws that the 116th Congress has passed include reopening the government following the shutdown, a bipartisan public lands measure and changes to Medicaid.

Some of the other laws passed changed the address of a post office in Charlottesville, Virginia, created an award for classified school employees like security officers and cafeteria workers, and clarified the grade and pay of podiatrists in the Department of Veterans’ Affairs.

One measure appointed retired Army Capt. and former Senator Bob Dole to the rank of colonel, and another named a Utah Department of Veterans’ Affairs outstation in honor of Major Brent Taylor.

 

Politico Playbook first reported the tally of measures passed.

This isn't the first time a divided Congress has passed fewer measures at this point in the year.

From January to late May 2013, when Republicans controlled the House and Democrats the Senate, congressional lawmakers passed 11 laws. Similarly, from January through May in 2011, a Republican-controlled House and Democratic-controlled Senate passed 16 laws, according to congressional records.

This comes amid President Donald Trump's clashes with Democratic congressional leaders. Trump tweeted Thursday that Democrats “are getting nothing done in Congress.”

“All of their effort is about a Re-Do of the Mueller Report, which didn’t turn out the way they wanted. It is not possible for them to investigate and legislate at the same time,” Trump wrote, echoing his remarks after a meeting on infrastructure fell apart Wednesday.

Senate Minority Leader Chuck Schumer shot back Thursday.

“He should look at all the bills the House passed and how many of them McConnell has put on the floor," the New York senator said, referring to Senate Majority Leader Mitch McConnell. "The answer is none because McConnell has made the Senate a graveyard.”

Saul Loeb/AFP/Getty Images

Speaker of the House Nancy Pelosi and Senate Democratic Leader Chuck Schumer hold a press conference on Capitol Hill in Washington, DC, May 22, 2019, following a meeting with US President Donald Trump at the White House.more +

So far this year, more than 100 bills have passed the House but have not made it through the Senate or onto the president’s desk, including a voters’ rights bill, a climate bill, and the Equality Act, sweeping legislation that protects LGBTQ people from discrimination in the workplace, housing, service and public accommodations.

Approximately 20 bills have passed in the Senate and have not yet made it through the House, including the recently passed bill to stop robocalls.

ABC News' Christen Hill contributed to this report.

 

https://abcnews.go.com/Politics/halfway-year-congress-passed-17-laws/story?id=63258594

 

 

GO RV, then BV

[yota691]

China buys US soybeans amid trade uncertainty

 14 November 2019 02:28 PM
Direct: Chinese soybean companies bought about five shipments from the US this week, less than expected by the market, according to a recent report.

A report published by Bloomberg, citing sources familiar with the matter, said Thursday that private manufacturers in China bought soybeans in the course of shipments for the months of December and January.

The pace of buying is disappointing to market ambitions despite Beijing issuing concessions on retaliatory tariffs on some US goods.

China's purchase of oilseeds from the United States is seen as a sign of negotiations between the world's two largest economies.

US President Donald Trump said earlier in the week that the talks were moving fast but did not say when the first phase of the trade deal would be signed, saying only "soon."

 

[yota691]

China: Abolition of tariffs condition of end of trade war

 14 November 2019 03:11 PM
direct: China's Ministry of Commerce believes that the US should remove tariffs as part of the first phase of the trade deal.

China's trade ministry spokesman Gao Feng told a weekly news conference on Thursday that the trade war had begun with tariffs and should end by eliminating the tariffs, citing CNBC.

He said dropping tariffs was an important condition for both sides (the United States and China) to reach a trade deal.

If both sides reach the first phase agreement, the level of tariff removal will fully reflect the importance of the first phase of the trade deal, Feng said.

US President Donald Trump said in earlier comments this week that the initial trade deal was "coming soon" with trade talks going well.

Soybean companies in China have bought about five shipments from the United States this week, but this is less than market expectations, a media report said today .

 

 

[yota691]

White House adviser: Washington is approaching the completion of the trade deal with Beijing

 15 November 2019 12:47 PM
Directly: economic adviser to the White House Larry Kodlo said that the United States and China Iqterpat of a business deal, with reference to the positive talks with Beijing on ending trade war , which lasted for about 16 months.

The negotiators of the world's two largest economies are closely linked through telephone conversations, Kudlow said in comments at an event before the Council on Foreign Relations in Washington on Thursday.

The United States and China are witnessing successive waves of mutual tariffs that have troubled financial markets and threatens to slow the pace of global economic growth.

Earlier last month, the world's two largest economies agreed on the first phase of the trade deal, which is expected to be signed by the presidents of the United States and China.

US President Donald Trump said earlier this week that he might impose new tariffs if no agreement is reached.

China's Ministry of Commerce said yesterday that the elimination of tariffs is a condition for ending the trade war.

"There has been very good progress and the talks have been very constructive," said Kudlow, who said he was coming from a meeting with senior Trump administration trade officials.

 

[yota691]

US Commerce Secretary: Trade talks with China continue today

 15 November 2019 06:24 PM
WASHINGTON (Reuters) - Trade talks between the United States and China are set to continue by telephone on Friday as both sides seek to formulate the first phase of a trade pact, US Commerce Secretary Wilbur Ross said.

Ross said in an interview with the network "Fox Business" on Friday, that there is a very high possibility that the United States to reach a final agreement on the first phase of the trade deal with China.

But he said it was unclear when the preliminary agreement would be finalized after the cancellation of the Asia-Pacific Economic Forum summit, which could have seen the signing of the deal.

"We have reached the last detail now," he said.

More US tariffs on imported Chinese goods are due to take effect on December 15. 

President Donald Trump has yet to point to any change in proposed tariffs for China, Ross said.

Ross said there was plenty of time between now and the middle of next month to decide on tariffs.

 

[yota691]

Oil, dollar and gold .. What will happen to the value of each?

Economy | 01:47 - 16/11/2019

 

 

 

 

 

Follow - Mawazine News

Everyone is waiting for positive news and forecasts about currency support, but the coming winter may not be the best time for the currency, oil and gold prices, which will be directly subject to the political situation in America, China and Europe. 
The writer Mikhail Ismailov says in an article published by the Russian news site "News" that all investors and speculators in the world are seeking to make profits and reap huge returns from the money they invest in the economies of developing countries, and although the currencies of these countries are still in great demand, their situation may change Tragically.
Trade agreement
The international investors are now following the details of the first phase of a possible trade agreement between the United States and China, which the world economy is waiting for some positive indicators that will benefit the development of global trade and improve the political situation in general.
Since the postponement of the Asia-Pacific Economic Conference in Chile, there has been much debate about the new history of the event, said Roman Plenov, director of research at the Russian Center for Finance.
Plenov explains that the significance of this conference is that a new, very important document, which could defuse the trade war between America and China, could emerge as a roadmap for the first phase of the foreign trade agreement between the two giants.
The expected agreement will also be linked to the fate of the Russian currency, given its significant impact on international markets, which is likely to extend until the first quarter of next year.

On the other hand, the optimism that prevailed on the Wall Street Stock Exchange has turned into a pessimistic situation in light of the negative expectations of experts, which will change the mood in the international financial markets. As a result, these markets will diminish their growth potential, at least until early next year or early spring.
The writer says that the international currency markets survived another wave of dollar decline, although this was expected after the breakthrough in the issue of separation between the European Union and Britain. It was believed that the appreciation of the British pound and the single European currency would weaken the US currency. This would have been considered positive for US exporters, but the continued demand from foreign investors for the dollar helped to prevent the US currency from falling.
Uncertainty in the oil market
Oil prices continued to fluctuate amid uncertainty over the upcoming China-US deal. Investors are counting on a quick signing of an agreement to eliminate tariffs, but the absence of any official details on the deal makes it difficult to maintain optimism in the markets.
Peter Navarro, Trump's trade policy adviser, has confirmed the absence of a ready-made agreement on tariffs, which has led to a further decline in financial markets.
The issue of a new agreement between Beijing and Washington has become purely political, as 2020 will see US presidential elections organized, and Donald Trump will see whether signing the deal will help him win a second term or undermine his chances.
In the absence of Donald Trump's serious desire, all efforts by representatives of the Chinese and US sides in trade talks between the two countries will be in vain.

[gregp]

On 11/13/2019 at 8:45 AM, Shabibilicious said:

Nearly halfway through the year, Congress has only passed 17 laws

Ahead of the Memorial Day recess, and nearly halfway through the year, Congress has only passed 17 laws.

Major laws that the 116th Congress has passed include reopening the government following the shutdown, a bipartisan public lands measure and changes to Medicaid.

Some of the other laws passed changed the address of a post office in Charlottesville, Virginia, created an award for classified school employees like security officers and cafeteria workers, and clarified the grade and pay of podiatrists in the Department of Veterans’ Affairs.

One measure appointed retired Army Capt. and former Senator Bob Dole to the rank of colonel, and another named a Utah Department of Veterans’ Affairs outstation in honor of Major Brent Taylor.

 

Politico Playbook first reported the tally of measures passed.

This isn't the first time a divided Congress has passed fewer measures at this point in the year.

From January to late May 2013, when Republicans controlled the House and Democrats the Senate, congressional lawmakers passed 11 laws. Similarly, from January through May in 2011, a Republican-controlled House and Democratic-controlled Senate passed 16 laws, according to congressional records.

This comes amid President Donald Trump's clashes with Democratic congressional leaders. Trump tweeted Thursday that Democrats “are getting nothing done in Congress.”

“All of their effort is about a Re-Do of the Mueller Report, which didn’t turn out the way they wanted. It is not possible for them to investigate and legislate at the same time,” Trump wrote, echoing his remarks after a meeting on infrastructure fell apart Wednesday.

Senate Minority Leader Chuck Schumer shot back Thursday.

“He should look at all the bills the House passed and how many of them McConnell has put on the floor," the New York senator said, referring to Senate Majority Leader Mitch McConnell. "The answer is none because McConnell has made the Senate a graveyard.”

Saul Loeb/AFP/Getty Images

Speaker of the House Nancy Pelosi and Senate Democratic Leader Chuck Schumer hold a press conference on Capitol Hill in Washington, DC, May 22, 2019, following a meeting with US President Donald Trump at the White House.more +

So far this year, more than 100 bills have passed the House but have not made it through the Senate or onto the president’s desk, including a voters’ rights bill, a climate bill, and the Equality Act, sweeping legislation that protects LGBTQ people from discrimination in the workplace, housing, service and public accommodations.

Approximately 20 bills have passed in the Senate and have not yet made it through the House, including the recently passed bill to stop robocalls.

ABC News' Christen Hill contributed to this report.

 

https://abcnews.go.com/Politics/halfway-year-congress-passed-17-laws/story?id=63258594

 

 

GO RV, then BV

They haven’t done Shiite because of people like you. 

[MyLadiesDaddy]

2 hours ago, gregp said:

They haven’t done Shiite because of people like you. 

Please gregp, I understand and sympathize with you but recently it's come to my attention that we all 

are going too far with the rhetoric. These are emotional times but lets remember that we're all friends here.

I personally am guilty also, and find it easier to take my frustrations out on the Democratic Socialist Party members

{Hail Hydra} and not direct such comments to DV members. 

[MyLadiesDaddy]

This will pi$$ The crazies off

 

 

[Shabibilicious]

On 11/16/2019 at 8:25 AM, gregp said:

They haven’t done Shiite because of people like you. 

 

Now that's just silly, Greg....I'm not Moscow Mitch.  

 

GO RV, then BV 

[Shabibilicious]

22 hours ago, ladyGrace'sDaddy said:

This will pi$$ The crazies off

 

 

 

Farmer welfare....what's not to like?  Unless of course you're one of those small family farmers who lost his homestead months ago due to Trump's tough tariffs.  The farmers receiving this welfare should thank their lucky stars the 2020 presidential election is just around the corner, otherwise no check.  Just like Dems, Trump knows how to purchase votes too.

 

GO RV, then BV

Edited November 18, 2019 by Shabibilicious

[yota691]

Trump threatens China to increase tariffs if no trade deal

19 November 2019 08:54 PM
Direct: US President Donald Trump threatened to increase tariffs on Chinese goods if Beijing did not conclude a trade with Washington deal.

The US president has returned to the language of threat as the world's two largest economies continue to dispute over some key issues before the partial trade deal is signed.

Trump said in remarks on the sidelines of a cabinet meeting on Tuesday that China would have to make a trade deal with the United States.

The United States and China agreed to the "first phase" of the trade deal last October, but the two sides have since sent conflicting signals about the official signing.

A spokesman for China's Ministry of Commerce said earlier this month that the two sides had agreed to phase out tariffs, while Trump later said he had not agreed.

The United States has imposed tariffs on about $ 500 billion of Chinese goods, while China has responded by applying duties on about $ 110 billion of US products.

 

[bostonangler]

US STOCKS-Wall St drops on report trade deal may not be completed this year

Nov 20 (Reuters) - Wall Street's main indexes fell about 1% on Wednesday after a report said a "phase one" trade deal between Washington and Beijing may not be completed this year.

Completion of an initial trade deal could slide into next year, Reuters reported, citing trade experts and people close to the White House, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

"The markets were certainly pricing in a completion of the deal by the end of this year," said Art Hogan, chief market strategist at National Securities in New York.

"The market is now trying to ascertain how long will it take for both sides to agree to a truce."

The world's top two economies came tantalizingly close to a deal in May after a year of tariffs on each other's goods, before talks fell apart.

Earlier a U.S. Senate measure aimed at protecting human rights in Hong Kong amid prolonged protests had escalated tensions with China and pressured the market.

Expectations of a trade deal, coupled with a fairly strong third-quarter earnings season, have helped Wall Street's main indexes scale record highs this month.

Reports from Target Corp and Lowe's Cos Inc were bright spots on Wednesday, with their shares jumping 12.3% and 3.4%, respectively, after the two companies raised their profit forecasts.

The declines were broad-based, with nine of the 11 major S&P 500 sectors lower. The trade-sensitive technology sector's dropped 1.3%, the biggest drag on the benchmark index. The Philadelphia Semiconductor index slid 1.75%.

The interest-rate sensitive financial index fell 1% as safety buying pressured the benchmark U.S. 10-year Treasury yield further.

Focus now turns to the release of minutes from the Federal Reserve's October policy meeting later in the day. The central bank cut interest rates for the third time this year at the meeting, but signaled it may be done with the easing for now.

At 01:21 p.m. ET the Dow Jones Industrial Average was down 251.18 points, or 0.90%, at 27,682.84, the S&P 500 was down 27.47 points, or 0.88%, at 3,092.71 and the Nasdaq Composite was down 97.01 points, or 1.13%, at 8,473.65.

Among other stocks, apparel retailer Urban Outfitters Inc slumped 16% after missing quarterly sales estimates on weaker demand for its namesake brand.

Declining issues outnumbered advancers for a 1.86-to-1 ratio on the NYSE and for a 1.89-to-1 ratio on the Nasdaq.

The S&P index recorded 23 new 52-week highs and three new lows, while the Nasdaq recorded 85 new highs and 77 new lows.

 

 

But it's done... I'm the greatest deal maker in history, just ask Kim... LOL

B/A

[umbertino]

On 11/16/2019 at 4:56 PM, ladyGrace'sDaddy said:

Please gregp, I understand and sympathize with you but recently it's come to my attention that we all 

are going too far with the rhetoric. These are emotional times but lets remember that we're all friends here.

I personally am guilty also, and find it easier to take my frustrations out on the Democratic Socialist Party members

{Hail Hydra} and not direct such comments to DV members. 

 

 

 

Awesome and Thanks...I've been waiting for such a post a pretty long time.....Again thanks

[yota691]

China: Speculation about trade talks with Washington is inaccurate

Direct:  A Chinese official criticized the growing speculation about the development of the first phase of a possible trade agreement between the United States and China.

China plans to work collectively with the United States on the basis of the principle of equality and mutual respect to properly settle common concerns, CNPC spokesman Gao Feng told a press conference on Thursday. American.

Feng added that foreign rumors about trade talks are not accurate, with reference to trade talks between the two sides still in close contact.

The Reuters news agency reported yesterday that the signing of the trade deal between the United States and China may be postponed until after 2019.

US President Donald Trump and his Chinese counterpart Xi Jinping were expected to meet on the sidelines of an international summit in Chile in mid-December, before being canceled later on the back of domestic protests.

In recent comments, the US president has threatened to raise tariffs on goods imported from China unless the trade deal is signed.

[yota691]

Report: China's chief negotiator expresses cautious optimism on trade deal

21 November 2019 09:36 PM
Direct : news report revealed that the chief trade negotiator in China indicated that he was "cautiously optimistic" about reaching an agreement on the first phase of the trade deal with the United States.

The comments came from Vice Premier Liu He on the sidelines of an economic forum on Wednesday, according to Bloomberg, citing unnamed sources.

Liu He also invited US Trade Representative Robert Lighthizer to travel to China for talks this month, but the invitation has not yet been accepted, the agency said.

Since President Donald Trump announced the first phase of the trade deal a month ago, markets have received conflicting comments.

The report said China's chief negotiator made clear in his comments China's plans to reform government institutions, open up the financial sector, and enforce intellectual property rights - fundamental issues that shape US demands to change China's economic system.

According to one source, Liu He was "hesitant" about US demands, but he is confident that the first phase of the agreement could still be completed.

 

[yota691]

China calls on Washington to hold trade talks in Beijing

 21 November 2019 05:18 PM
Directly: it revealed a press report that China has called US trade negotiators to visit Beijing; in order to hold a new round of trade talks.

Chinese Vice Premier Liu He invited US Treasury Secretary Stephen Mnuchin and Trade Representative Robert Lighthizer during a phone call last week for trade discussions in Beijing, the Wall Street Journal quoted informed sources as saying Thursday.

It was unclear what US negotiators agreed to China's invitation, but the report said Washington officials were willing to meet their Chinese counterparts.

China today stressed that speculation about trade talks with the United States is inaccurate, noting that the two sides are in close contact.

A press report said yesterday that obstacles in the trade negotiations could delay the signing of the partial trade agreement until next year.

 

[yota691]

Chinese president: We want to make a deal but we are not afraid of trade war

 22 November 2019 03:39 PM
Direct: Chinese President Xi Jinping , said Beijing would like to reach a trade deal with the United States but is not afraid to return again for retaliatory action.

Xi Jinping, in comments to a visiting US business delegation, said Friday that China has a positive outlook on trade talks, citing the Associated Press.

"As we always say, we don't want to start a trade war, but we don't fear it," he said.

"If necessary, we will fight again, but we are actively working to avoid a trade war."

The US delegation was in Beijing this week to attend the Bloomberg New Economy Forum, including former Secretary of State Henry Kissinger, former Treasury Secretary Hank Paulson, former US Trade Representative Mike Froman and other dignitaries.

During the meeting with the US delegation, Xi Jinbin reiterated China's position that the trade deal requires equality and mutual respect. "We want to work on the first phase of the agreement on the basis of equality and mutual respect," he said.

 

[yota691]

China wants a serious agreement with the United States

Sunday 24 November 2019 40

 

Capitals / Agencies

 

 

BEIJING (Reuters) - China is willing to work for a trade deal with the United States, Chinese President Chi Jinping said recently, saying it was not afraid of "resistance." Chi told a delegation of US businessmen visiting China that Beijing has a "positive attitude" to the trade talks, according to the agency, "Associated Press."

President Che's statement comes as part of strengthening the optimistic tone taken in recent days.

He reiterated China's position that the agreement requires "mutual respect and equality".

But he told the US delegation, which received him in the Great Hall of the People in the Chinese capital: The country is not afraid, but does not want a trade war.

 

Trade war

Trade tensions between Beijing and Washington escalated last year after President Donald Trump imposed punitive tariffs on Chinese exports worth billions of dollars to the United States.

These tensions are known as the "trade war." Under the new tariffs, Trump has sought to step up pressure for changes in China's trade and investment policies.

Negotiations between the two sides failed to reach an interim agreement to end this war.

Chinese President Xi Jinping met with IMF Executive Director Kristalina Georgieva in Beijing.

Xi welcomed Georgieva's initial visit to China as fund manager.

 

Slower growth

He said that global economic growth is slowing down with increasing downside risks, global protectionism is on the rise, and multilateralism and free trade are facing severe challenges. Therefore, the international community has greater expectations about the role of the IMF.

"I hope that under your management the IMF will further improve the international currency and its governance system, and enhance the representation and voice of emerging markets and developing countries," Xi said.

The Chinese president also expressed the hope that the fund will continue to promote global trade, safeguard a fair and open global financial market and promote the development of the international system in a fairer and more rational way.

 

building abilities

In recent years, Xi said, China has cooperated well with the International Monetary Fund (IMF) on enhancing the capacity building of the countries involved in the Belt and Road Initiative.

"China is ready to continuously deepen cooperation with the IMF," he said. Xi stressed that China's economic development enjoys great flexibility, potential and maneuverability, noting that the long-term positive trend of China's economic growth will not change.

 

Economic development

"I have every confidence in China's development," he said, noting that the country will stick to the new vision of development, move forward with high-quality economic development, continuously promote a higher level of openness and provide more opportunities for global economic growth.

Georgieva said China aims to eradicate extreme poverty by 2020, a goal of historic significance for China and the world.

China has achieved sustained and robust economic growth through reform and opening up, and China is believed to remain open to the outside world in various fields, including finance and capital.

 

Deepen cooperation

Georgieva said the IMF attaches great importance to its relationship with China and will continue to deepen cooperation with China. Noting that the world economy is going through a difficult period, Georgieva said that the IMF strongly supports free and open trade and strives for peaceful trade relations.

She expressed the readiness of the Fund to undertake reforms that were in line with the needs of the times and that strengthened the weight of emerging economies.

Georgieva also expressed her willingness to work with China to push forward the common destiny of mankind and promote belt and road cooperation.

During her stay in China, Georgieva, who took over as IMF director last month, attended a round table hosted by Chinese Premier Li Keqiang with leaders of six major international economic and financial institutions.

[yota691]

Chinese newspaper: Beijing and Washington are very close to the completion of the initial deal

 25 November 2019 10:36 PM
Direct: Chinese newspaper reported that Beijing and Washington are close to the very completion of the first phase of the commercial deal that was announced last month.

US President Donald Trump has said the United States and China are close to the trade deal, and his Chinese counterpart has confirmed his willingness to conclude the trade deal.

"The two sides have basically reached a broad agreement on the first phase of the trade deal, which is sought by the world's two largest economies," the Global Times quoted sources close to the Chinese government as saying on Monday.

Beijing remains committed to pursuing talks for the second to third stages in order to reach a comprehensive trade deal, the newspaper said.

However, the newspaper pointed out that Washington and Beijing did not agree on the details or size of the decline in tariffs on Chinese goods.

US President Donald Trump said earlier this month that he had not yet agreed to abolish tariffs against China.

 

[yota691]

Washington and Beijing reach consensus on resolving major differences in trade talks

 26 November 2019 10:39 AM
direct: In a telephone conversation between trade negotiators, the United States and China reached consensus on resolving disagreements on trade matters in an appropriate manner.

In a phone call this morning, the two sides agreed to keep in touch on the remaining points related to the first phase of the trade deal, the Chinese Ministry of Commerce said in a statement on Tuesday.

According to the statement, Chinese Vice Premier Liu He, Trade Representative Robert Lighthearts and US Treasury Secretary Stephen Mnuchin discussed during the phone conversation the main concerns.

Chinese Minister of Commerce Zhong Shan and People's Bank President Yi Gang and Vice Chairman of the National Reform and Development Commission Ning Jizhi also participated in the phone call, according to a ministry statement.

The call comes after another telephone conversation by trade negotiators from the two countries earlier this month, which was described as "constructive."

The US Trade Representative's office confirmed the telephone talks on Tuesday, but gave no further details.

Since the first phase of the trade deal was announced at the beginning of last month, everyone is on alert for when the US and Chinese presidents will sign the deal, which will ease trade tensions.

If the trade deal is not signed before December 15, there is a possibility that President Donald Trump's threats to increase tariffs on Chinese goods to 15 percent on a $ 160 billion bill are likely to be implemented.

 

[yota691]

Fears of trade deal between Washington and Beijing affect the dollar

Economie

2019-11-26 | 06:13

 

 

682 views

The US dollar gave up earlier gains as part of optimism over a trade deal between the United States and China dissipated.

The US currency jumped to a two-week high against the yen, a safe-haven currency in Asian trading.

Chinese Vice Premier Liu He , US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin discussed issues related to phase one of the trade agreement between the two countries, and agreed to continue contacts on the remaining issues, according to Reuters .