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Trump announces "phase one" of trade deal with China

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I know it was low hanging fruit, but I just had to pick that one. Glad you got the joke Caz. Which one of them didn't like my humor in your opinion. I enjoy the red badge of courage they gave us each. Oh well. I also agree with you, those guys are conflicted. They are fine enuf gentleman, but conflicted. I know they must be Socialist ! Cuz in the USA, Dems while left-ish are still capitalists. Unless they forgot that point. What was this original thread about again ? 🙄

Edited by new york kevin
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26 minutes ago, new york kevin said:

I know it was low hanging fruit, but I just had to pick that one. Glad you got the joke Caz. Which one of them didn't like my humor in your opinion. I enjoy the red badge of courage they gave us each. Oh well. I also agree with you, those guys are conflicted. They are fine enuf gentleman, but conflicted. I know they must be Socialist ! Cuz in the USA, Dems while left-ish are still capitalists. Unless they forgot that point. What was this original thread about again ? 🙄

LOL!!!!  They both seem to believe by posting/spewin hate on the USA or Trump... that it somehow doesn't mean they HATE the USA or Trump........priceless

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2 hours ago, umbertino said:

 

 



 

Come on now.......Everybody is entitled ( as far as I know) to quote whatever newspaper one wants to...Be it the Guardian or anything else.....Unless Adam ( the Boss) states differently.....

 

There's a beautiful thing here called the "Ignore" button....Problem solved ( granted there's a problem for some at all)

I think i'll start quoting from Alfred P Newman...........same amount of credibility as the guardian..............no more

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27 minutes ago, caz1104 said:

I think i'll start quoting from Alfred P Newman...........same amount of credibility as the guardian..............no more

 

FYI:  Alfred  "E" Newman...…..yer velcome!

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18 minutes ago, chess said:

 

FYI:  Alfred  "E" Newman...…..yer velcome!

THANKS....TOO QUICK WITH THE FINGERS

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2 hours ago, caz1104 said:

 

Is that you BA or your alter ego Umbertino? it's hard to tell with only simular looking Arse's to seperate either

 

Sorry caz, that represents the many people who think our system isn't corrupt and will continue as is... Like every empire, the fools believe it will last forever... Sadly the world's newest empire is breaking record time in following the ones who came before... Greed, corruption and lack of free thinking is always the path to the end of an empire... It's too bad a large part of our population is cool with all those things.

 

B/A

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Im cool with greed & free thinking, something the Left believes is taboo. I agree with you on corruption. But I don't believe the three you mentioned will be the causes our republic will eventually fail.

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Very well stated Botz. Some of it to me is abit of a stretch but you are very correct, China stands to lose, big time here. And the best part is, that some, not all will never be regained as US companies will find a new source for the same, if not cheaper pricing.

 

  pp

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Economy News _ Baghdad

Paris, Washington and Beijing urged that trade tensions be avoided after a gloomy day in the global stock markets triggered by US President Donald Trump's threat to impose new restrictions on Chinese goods. 
"The United States and China should avoid escalating trade tensions in their current negotiations to maintain global growth and avoid decisions that could threaten this growth in the coming months," French Finance Minister Bruno Lemerre said Tuesday. 
The global bourses, especially China, witnessed a marked decline yesterday after Trump announced that his country would raise customs duties from 10% to 25% on imported Chinese goods worth $ 200 billion. 
The Trump announcement came days before a Chinese delegation arrived in Washington to complete the trade negotiations between the two countries, which was expected to be the last round, and could end by reaching a trade agreement.
China's Vice-Premier Liu He will visit the United States on May 9 and 10 for bilateral trade talks, the Commerce Ministry said Monday.


Views 16   Date Added 07/05/2019

 
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Beijing confirms visit of official delegation to Washington to complete trade talks

Beijing confirms visit of official delegation to Washington to complete trade talks

07 May 2019 12:33 PM
Direct: The Ministry of Commerce in China held a new round of trade talks with the US side later this week.

Chinese Vice-Premier Liu Hu will travel to the United States with a delegation of Chinese officials to hold further trade talks, the Ministry of Commerce said in a statement Tuesday.

The tour would be the 11th in the history of trade negotiations between Washington and Beijing since the start of the trade truce late last year.

The round was questionable after the US president launched a threat to increase tariffs on Chinese goods earlier this week.

Liu said he will travel to Washington on May 9 and 10 for talks with US officials.

Trade Representative Robert Laitheiers and Treasury Secretary Stephen Menuchin told a news conference yesterday that they expect Chinese officials to arrive in Washington later this week for talks.

 
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Trump's threats are making a fuss about global markets today

Trump's threats are making a fuss about global markets today

07 May 2019 12:22 p
From: Ahmed Shawky

Direct : tweet brought US President Donald Trump on increasing customs Altaavat China buzz in world markets at the end of trading on Monday.

Despite recent statements that China and the United States are on the brink of a long-awaited trade deal, the US president has threatened to increase tariffs on Chinese imports from 10 percent to 25 percent from next Friday.

Trump added in another tweet that the United States would not lose billions of dollars because of China anymore.

A press report said China's retreat from its commitments to the US trade deal was the cause of the US president's threats.

Against the backdrop of Trump's threats, US billionaire Warren Buffett saw the Sino-US trade dispute as a bad thing for the entire world, while Goldman Sachs indicated that prospects for a trade deal between the two largest economies in the world were declining .

Trump's threats have caused significant fluctuations in global markets, with China's most heavily hurtstocks plunging more than 5 percent at the end of trading.

European stocks also saw notable losses at the end of trading as renewed trade concerns, although they reduced their losses relatively close.

While US stocks managed to wipe out most of their losses at the beginning of trading, as the Dow Jones lost about 400 points before it narrowed its losses at the close as the trade fears fell on reports that the Chinese side will travel to Washington this week to complete the talks despite threats Trump.

High oil and gold

Oil prices managed to pick up when trading settled after suffering heavy losses during the session on the back of trade tensions.

US crude received support from US sanctions against Iran and increased tensions in the Middle East.

For his part , the US Secretary of Commerce said that the United States can not guarantee the sale of oil to India at low prices.

With the return of trade concerns, investors resorted to gold as a safe haven, with the yellow metal rising as trades settled .

Economic data and currency movements

Economic data today revealed the decline in economic activity in the euro area to the lowest level in 3 months during the last April, while the settled retail sales there in March , contrary to expectations of abating.

In India, service activity declined last April to its lowest level in 7 months.

In the currency market , emerging markets suffered significant losses on the back of renewed trade tensions that pushed the US dollar higher before stabilizing thereafter.

Turkey's currency was the biggest loser in emerging markets, with losses of about 2 percent against the dollar after the general election re-election in Istanbul.

The yuan also fell to its lowest level in several months against the US currency with Trump's trade threats.

With fears of a slowing economy, Swiss krona fell to a 10-year low in today's trading.

 
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Lagarde: Rumors and tweets threaten to deepen global trade disputes

Lagarde: Rumors and tweets threaten to deepen global trade disputes

 07 May 2019 01:36 PM
Direct: he urged the Director of the International Monetary Fund , Christine Lagarde , the United States and China on the need to resolve trade differences, noting that the comments and tweets negatively affect the prospects of resolving the dispute.

Lagarde said on the sidelines of her participation in a conference in the French Ministry of Finance on Tuesday: "We thought that this threat has receded and that relations were improving and that we are moving towards an agreement."

"We hope the situation will continue this way, but today's rumors, comments and comments are very unfavorable conditions," Lagarde said.

The IMF director's comments came two days after US President Donald Trump, in which he threatened to increase tariffs on Chinese products, stepped up the situation.

On the other hand, China has officially confirmed that Vice President Liu Hu will head to Washington later in the week to complete the trade negotiations.

The Director of the IMF stressed that it is urgent to resolve these trade tensions in a manner satisfactory to all.

"Tensions between the United States and China are clearly a threat to the global economy.

 
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08-05-2019 09:51 PM
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BAGHDAD ( 
Reuters) - China said it would respond to Washington's plan to raise tariffs on Chinese products if it came into effect. 
China's Ministry of Commerce said on Wednesday it would respond if Washington continued its plan to raise tariffs on Chinese goods on Friday, Reuters reported. 
The escalation of trade disputes between Washington and Beijing is not in the interest of either country or the world, the ministry said. 
Washington has announced it will raise tariffs on Chinese imports worth 200 billion dollars, to 25 percent instead of 10 percent, starting on Friday, according to a notice published in the US Federal Register on Wednesday.
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China: We have full readiness to defend our interests in trade war

China: We have full readiness to defend our interests in trade war

 09 May 2019 02:16 PM
Direct: Minister of Commerce in China , said that his country is fully prepared to defend their interests in the trade war with the United States , but they hope that Washington can solve the problems through talks.

China has the determination and the ability to defend its interests but hopes the United States will meet them halfway, said China's Ministry of Commerce Spokesman Joe Feng in a statement to reporters on Thursday.

A spokesman for the Ministry of Commerce in the world's second-largest economy said China's stance was firm and would not yield to any pressure. "China has made preparations to respond to all kinds of possible results," he said.

The Chinese vice premier will meet with a US trade delegation on the sidelines of his visit to Washington in two days of talks.

The United States plans to increase tariffs on imports from China to 25 percent starting tomorrow.

 
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Trump: Trade agreement with China "still possible"

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History: 10 May 2019

US President Donald Trump said Thursday that it was "possible" to reach an agreement with China to end the trade war with China as negotiations between the world's two biggest economic powers resume to find a deal amid a sudden escalation.

With a 200-billion-dollar increase in tariffs on imported Chinese goods expected to take effect on Friday, Trump told reporters he had received a "nice message" from his Chinese counterpart Xi Jinping.

"I have just received it, and I will probably talk to him by phone," Trump said, without specifying the date or content of the letter.

On reaching an agreement to end the trade dispute with China, Trump said "this is possible," but warned he would be happy to settle his differences with China by charging fees.

"I am different from many people, I think the cartoons are very powerful for our country," he said.

This week, months of courtesy and optimism in the trade talks seemed to be in the wind, after US officials accused China of backing back from commitments it had previously agreed to, which Beijing strongly denied.

The talks were launched earlier this year to try to reach agreement on Washington's accusations of industrial theft, widespread market interference and a worsening US trade deficit.

China's Ministry of Commerce warned that Beijing would not "give in to any pressure", threatening retaliation if the United States imposed a 25 percent surcharge on Friday, a sign of a sharp deterioration in relations between the two countries after months of talks.

"China has kept its promises and this has never changed," Commerce Ministry spokesman Gao Feng told a news conference in Beijing, without specifying what measures his country might take, but warned that China was "ready for all possibilities."

In March 2018, the US president first imposed tariffs on Chinese steel and aluminum, and last summer on goods valued at $ 250 billion of Chinese imports. He was also prepared to impose additional customs duties on all materials imported from China worth $ 539.5 billion 2018, raising concerns about the growth of the global economy and the stability of financial markets.

Economists around the world and multilateral institutions such as the IMF have warned months ago that a long-term trade war between China and the United States would lead to a shock beyond the two countries' borders. The recovery that followed the global downturn in 2008 was largely fueled by trade in the world.

Great misunderstanding

The US trade deficit in March 2019, published on Thursday, showed that the goods deficit with China fell to a three-year low of $ 28.26 billion.

A decline in the US trade deficit with China by 6.16 percent, as US imports of Chinese goods decline, will boost Trump's strategy of maximum pressure on Beijing.

But the situation has changed and replaced optimism, uncertainty affecting the financial markets. The Hong Kong stock exchange lost more than 2 percent on Thursday, and Shanghai more than 1 percent, while European bourses fell sharply Thursday morning.

"The two sides have fought against the backdrop of making the final agreement texts available and making them public," said Derek Sizers, a Chinese expert at the American Enterprise Institute.

"There was a big misunderstanding," Sizers told AFP by e-mail.

"President Trump is facing a political battle in marketing the deal with China as profitable, which requires a public document that clearly shows US profits."

"But what China agrees to acknowledge publicly is less than it agrees to admit it in secret," he said, adding that the concept of transparency on both sides is quite different.

Scott Kennedy, a trade expert at the Center for Strategic and International Studies, said China had misjudged the American desire to reach an agreement at any price.

"They did not realize when they retracted their pledges that the administration's response would be the same," Kennedy told AFP.

He warned that the odds of the wrong accounts are too high for both sides.

The Trump administration calls for an end to "unfair" trade practices and "structural changes" - the end of the forced transfer of US technology and the protection of US intellectual property.

It also wants an agreement on foreign exchange to prevent Beijing from devaluing its currency to stimulate exports.

Washington also calls for a halt to government financial support to state firms, which operate under the China Strategic Plan "Made in China 2025".

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Economy News _ Baghdad

Gold prices rallied on Friday, bolstered by growing trade tensions after US President Donald Trump's $ 200 billion tariff increase on Chinese goods entered into force, putting the precious metal on track for a weekly gain.

By 0705 GMT, spot gold settled at $ 1284 an ounce, up about 0.4 percent a week.

US gold futures also held steady at $ 1285 an ounce.

US President Donald Trump's 200-billion-dollar increase in tariffs on Chinese goods entered into force on Friday, and Beijing said it would respond, exacerbating tensions as the two sides held talks in a last-ditch attempt to salvage a trade deal.

Senior US and Chinese trade negotiators wrapped up the first day of two-day talks on Thursday to salvage a trade deal on the brink of collapse as Washington went ahead with plans to raise tariffs on goods imported from China worth hundreds of billions of dollars.

Gold has fallen to its lowest level since the end of December late last week, but has risen nearly 1.4 percent since then.

But gold has seen some weakness despite overall risk aversion in the market, while other assets such as the yen and the Swiss franc have rallied.

For other precious metals, palladium rose 1 percent to $ 1307 an ounce, after falling more than 4 percent in the previous session to its lowest level since Jan. 4 to $ 1263.85. The metal is still bearish for a second straight week.

Silver rose 0.2 percent to $ 14.78 an ounce, while palladium rose 1.6 percent to $ 858.

Silver is heading for a second weekly decline, while platinum appears to be heading for a third straight decline.


Views 9   Date Added 10/05/2019

 
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10-05-2019 01:52 PM
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Baghdad

The United States raised tariffs more than double the $ 200 billion worth of Chinese products in a sharp escalation of the trade war between the two countries.

Washington raised tariffs on Chinese goods to 25 percent from 10 percent, and Beijing pledged to reciprocate.

China said it "deeply regrets" the United States took this step and vowed to take "necessary countermeasures".

That comes as high-level officials from both sides are trying to salvage a trade deal in Washington.

The United States and China recently appeared to be close to ending months of trade tensions.

China's Ministry of Commerce confirmed on its website Washington's decision to increase tariffs.

"There are hopes that the two sides will work together to solve outstanding problems through mutual cooperation and consultation," it said in a statement.

Tariffs are taxes paid by importers on foreign goods; therefore, tariffs of 25 percent will be paid by American companies that bring Chinese goods to the United States.

China's stock markets rose Friday; the Hang Seng Index rose 1 percent and the Shanghai Composite climbed 2 percent.

Earlier in the week, stock markets were down after US President Donald Trump announced a tariff increase on Sunday.

Last year, the United States imposed tariffs of 10 percent on two hundred billion dollars worth of Chinese goods, including fish, bags, clothing and footwear.

Tariffs were due to increase at the beginning of the year, but this was delayed as negotiations progressed.

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They should be able to work out a win/win.......

 

Worse case....China starts dumping US treasuries.......Russia has already dumped all they held...

CL

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11-05-2019 01:41 PM
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Baghdad

US Trade Representative Robert Laitheiser said that President Donald Trump has ordered an increase in tariffs on China's remaining imports worth nearly $ 300 billion.

The move comes after talks between US and Chinese trade negotiators failed to reach a solution to the months-long trade dispute and the United States began raising tariffs on Chinese imports worth 200 billion dollars from yesterday.

Trump stressed on the Twitter social networking site that his personal relationship with Chinese President Xi Jinping was very strong and expected future talks between the two sides to continue.

"The two sides believe that the talks are constructive and will continue with the consultations, and the two sides agreed to meet again in China in the future," wrote the editor of the state-run Global Times, Hu Shijin, on Twitter.

China said yesterday it would take necessary countermeasures after the US-approved tariff increase from 10 percent to 25 percent, but did not specify in detail how to respond to the US move.

Last year, the United States imposed customs duties on imports of Chinese goods worth 250 billion dollars. China responded by imposing similar duties on US imports worth 110 billion dollars.

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%D8%A7%D9%84%D8%AE%D9%84%D8%A7%D9%81%D8%

BEIJING (Reuters) - Three points still raise differences between China and the United States in trade negotiations in Washington, but the two countries will continue their talks, though.

In response to a question from the Chinese media after two days of negotiations in the United States, Chinese chief negotiator Liu Hee spoke of "three points of contention" that still exist between the two parties.

Chinese and US negotiators wrapped up a new round of talks in Washington on Friday to try to reach an agreement at the height of a trade war between them, which was the exchange of customs duties on their exports.

"If we reach an agreement, the punitive tariffs must be withdrawn," Liu said. "This is the first point."

US President Donald Trump on Friday ordered an increase in customs duties on almost all Chinese imports, less than 24 hours after Washington raised tariffs on Chinese goods worth 200 billion dollars.

The measures are supposed to begin but will not take effect months ago.

Currently, more than $ 250 billion of Chinese imports are subject to punitive customs duties. The fees were raised Friday from 10 percent to 25 percent for $ 200 billion of these goods.

Trump and Chinese President Xi Jinping announced last December a truce in their trade dispute at the end of the G20 summit in Buenos Aires. Beijing has pledged to buy more US products, without specifying their value or size, to reduce the huge trade imbalance between the two countries.

"In the end, what is the figure?" Liu told reporters. He admitted that another dispute between the two countries "can not be changed quickly."

The third sticking point is the final text of a possible agreement. "It has to be balanced," Liu said.

The chief Chinese negotiator confirmed that the trade negotiations would continue in Beijing, however, at an unspecified date.

"The negotiations have not failed, and vice versa (the obstacles) are a natural development in the negotiations and this is a must," he said. "The two sides agreed to meet again in Beijing in the future and to continue pushing forward the negotiations," he said.

Arab Jerusalem

 
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Cranes in Long Beach after a fragile optimism to reach a trade agreement with Beijing
Cranes in Long Beach after a fragile optimism to reach a trade agreement with Beijing
( Reuters ) - Abu Dhabiurged US President Donald Trump China to conclude a trade agreement with his country now, warning them that the situation would be "much worse" if trade negotiations continued during a possible second term.

More than $ 250 billion of Chinese imports are subject to punitive customs duties, which rose from 10 to 25 percent on Friday worth $ 200 billion worth of Chinese goods.

Trump ordered measures to impose customs duties on the rest of China's importsworth $ 300 billion.

The new tariff hike is likely to be effective only after a few months, but the waving of it allows tightening of the screws on China in tough trade negotiations .

"I think China felt that it had been hit so hard in the recent negotiations that it could wait for the next elections , in 2020, to see if it was lucky enough to win the Democratic Party - in which case it would continue to steal the states, " Trump wrote on Twitter. United States $ 500 billion a year. " 

"The only problem is that they (the Chinese) know that I will win (the best numbers of economy and employment in US history and much more), and the agreement will become much worse for them if it has to be negotiated during my second term. They have to act now, but (waiting) I like to collect big customs duties! "

In an earlier tirade, the US president urged US industrialists to produce in the United States instead of importing Chinese goods, in order to avoid paying heavy customs duties.

"What is the easy way to avoid customs duties?" "They made and produced goods and goods in the US It's very simple!" He wrote.

The new taxes imposed by Trump are counted on American importers of Chinese goods rather than the Chinese exporter, and their value is included in their selling prices.

Thus, the American middle class finds itself in danger of paying higher prices for current consumer goods.

The lifting of tariffs, which went into effect on Friday, raises the annual cost of a US family of four to $ 677, according to Trade Partnership.

Beijing says it will not be under threat. "China will not give up in the face of pressure," said spokesman Gao Feng.

A US-China round of talks on Thursday and Friday did not lead to an agreement. The talks, which Trump described as "frank" and "constructive", are set to continue indefinitely.

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We Americans buy a lot of frivolous items that we really don't need anyway.  There is nothing wrong with having a comfortable life and having what you want, but if we need to buckle down a little and possibly pay more for products we need because they are made in the USA so be it.  It would create even more jobs and possibly stimulate the economy more.  We need to back the presidents play by not whining when things cost more and buy what we need and maybe not so much of our wants.  The deal would be made, the tariffs would go away and in the we come out on the winning end.  JMO.  Have to think of the long game.

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On 5/10/2019 at 10:01 AM, coorslite21 said:

China starts dumping US treasuries

When will China announce the "1.2 trillion dollar" weapon?

l11 May 2019 - 14:53 Abu Dhabi time
  •  
 
Several papers Beijing can use in the "business war"
Several papers Beijing can use in the "business war"
BEIJING (Reuters)-Beijing has vowed to respond to US President Donald Trump's imposition of more tariffs on imported Chinese goods, fearing investors and economic analysts about the nature of that response to global economic growth.

On Friday, China pledged to take "necessary countermeasures" in response to Trump's decision to raise tariffs on $ 200 billion worth of Chinese goods from 10 to 25 percent.

The latest step by the US president, which came into force on Friday, was the latest step to show the intensifying trade war raged between the two sides for nearly a year.

The Chinese authorities have not clarified the nature of "countermeasures", which opened the door to speculation about Beijing's response to Washington's recent action.

China's South China Morning Post newspaper reported on Saturday that China may use US government debt as a pressure card in the trade war.

According to estimates published by the newspaper that Beijing holds debts owed by the US government up to 1.2 trillion dollars. 

It said Beijing could liquidate part of the US debt stocks in the markets, leading to the collapse of recent prices.

This would make it more difficult for Americans to be financially indebted to Americans, and thereby restrain US economic growth.

In a previous report, Bloomberg cited a recommendation by Chinese officials to slow down or suspend purchases of US Treasury bonds .

But economic analyst Cliff Tan ruled out China's shrinking of its US Treasuries sharply as it would hurt its own interests.

He noted that if China dislodged assets in US dollars, it would put them at high risk due to large market volatility.

Other weapons

The newspaper quoted economic analysts as saying that China has many weapons through which to respond to the new Trump fees.

In its trade war with the United States, China is currently using only a reciprocal weapon - customs duties on imported US goods.

In addition to liquidating US government debt, China can devalue its local currency, the yuan, which means that Chinese goods will become more competitive than their US peers, especially if new tariffs are imposed on them.

Beijing, for example, could take tougher action against US companies operating in its territory, raising the cost of its products and thus harming its competitiveness.

The spark of war

The Sino-US trade war broke out on July 6, 2018, when Trump imposed a 25 percent tariff on the $ 34 billion worth of equipment, electronics and advanced equipment manufactured in China, including cars.

Beijing responded to Washington's move on the same day in two steps, charging US goods and filing a lawsuit against Washington before the World Trade Organization.

The two sides have entered into negotiations on ending the dispute, but have not yet reached a final result, although they stress the importance of their continuation.

The US president is seeking to reduce the trade deficit between the United States and China after continuing to rise in favor of China to $ 73.378 billion in 2018.

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Washington: Trump may meet China's president in June

Washington: Trump may meet China's president in June

 13 May 2019 11:48 p
Direct : chief economic adviser to US President announced that Donald Trump might meet his Chinese counterpart in June next.

Larry Kudlo told Fox News on Sunday that Trump could meet with Xi Jinping on the sidelines of the Group of 20 summit in Japan next month.

Kudlo believes that China has not gone a long way in their discussions, stressing that they will wait for developments of the matter "talks will continue."

Last week, trade tensions between the world's two largest economies returned again, after the president's decision to increase tariffs on imports from China worth $ 200 billion from 10 percent to 25 percent.

Trump also confirmed that they would soon begin to prepare for the implementation of customs tariffs on Chinese imports worth 325 billion dollars.

"But the problem is that two weeks ago there was a decline from the Chinese side," he said.

The US economic adviser stressed that the G-20 meeting in Japan at the end of June is likely to be "a very good opportunity to organize a meeting between President Trump and President Shi."

 
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