US and China seeking to revive trade talks: Trump advisor

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

WASHINGTON: Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, ...

WASHINGTON: Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump's chief economic advisor said on Sunday .

World financial markets have been on edge amid a series of signs pointing to a slowing of the global economy - notably because of the trade war between the world's two largest economies - and have been reacting to even the slightest new indicator.But Kudlow insisted that the outlook was far from gloomy."Let's not be afraid of optimism," he said, adding that"I sure don't see a recession.

The discussions resumed again in June at the highest levels in the margins of the G-20 summit meeting in Osaka, Japan between Trump and his Chinese counterpart Xi Jinping.But markets were hit with a fresh surprise when Trump suddenly announced that as of Sep 1 he was imposing punitive 10 per cent tariffs on US$300 billion in Chinese goods that had so far been spared.

He said Trump had decided on the postponement only after several company heads told him their contracts with Chinese suppliers were denominated in dollars, meaning they got no benefit from the weakening of the Chinese yuan and their orders ahead of the year-end holidays would be hard-hit.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US and China seeking to revive trade talks: Trump advisorWASHINGTON (AFP) - Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump's chief economic adviser said Sunday (Aug 18).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Commentary: Why this US-China trade war is harder to resolveWhen viewed in the broader context of the past decade, US-China trade tensions turn out to be a symptom rather than a cause of the world’s ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Generational clash emerges among US experts in China policy debateSAN DIEGO (WASHINGTON POST) - An emerging generation of China policy experts is advocating a much sharper tone and approach towards Beijing, in contrast with a number of veteran China hands whose careers were shaped by the promise and tradition of engagement.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Trump, Trudeau discussed developments in Hong Kong, Canadians held in ChinaU.S. President Donald Trump and Canadian Prime Minister Justin Trudeau discussed the Hong Kong protests and the ongoing detention of two Canadians by the Chinese government, a statement from Trudeau's office said on Friday. The Hong Kong protests started as a peaceful rebuke of the government in
Source: YahooSG - 🏆 3. / 71 Read more »

NDR 2019: China and US have yet to find 'magic pill' for their differencesSINGAPORE — The United States and China have yet to find the “magic pill” to manage their differences, which has left countries like Singapore in a dilemma, said Prime Minister Lee Hsien Loong in his annual National Day Rally (NDR) speech on Sunday (18 August).
Source: YahooSG - 🏆 3. / 71 Read more »

US-China tensions will affect S'pore, but slowdown not hitting jobs yet: PM LeeGROWING tensions between the United States and China have an impact on both Singapore's foreign relations and economic growth, Prime Minister Lee Hsien Loong said in his Chinese speech during Sunday night's National Day Rally. But although Singapore's growth has slowed this year, it has not significantly affected jobs so far, he added. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »