BEIJING/WASHINGTON - China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China.
But Liu’s optimism was tempered by U.S. Treasury Secretary Steven Mnuchin, who told CNBC on Friday that there were no further talks with China planned “as of now.” On Friday, Trump issued orders for the tariff increase, saying China “broke the deal” by reneging on earlier commitments made during months of negotiations.
He added that talks would continue in Beijing, but gave no details. But underscoring a lack of progress in the talks, Trump ordered a further escalation of tariffs. The second is about procurement, on which an initial consensus was reached between the leaders of the two countries in Argentina late last year. The two sides now have differing views on the volumes, Liu said. The third is over how balanced the text of the draft agreement should be, he said.Sources told Reuters this week that China had deleted its commitments in the draft agreement that said it would change laws to resolve core complaints of the United States: theft of U.S.
“China clearly requires that the trade procurement figures should be realistic; the text must be balanced and expressed in terms that are acceptable to the Chinese people and do not undermine the sovereignty and dignity of the country,” the ruling Communist Party’s official People’s Daily newspaper said in a commentary on Saturday.Chinese Vice Premier Liu He talks with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer as he leaves trade talks in Washington, U.S.
I got a message from China
I agree the text should be balanced, but only if it is very specific and enforceable: 2+2=4, yet to enforce that is the question. Hmmm...the Swiss?
I don't think so. Of course China does not want the trade war, but what can you do if the other side is bluffing.
Will China use its $1.2T of U.S. debt as firepower to fight the trade war? via politico
LOL...The cleft is bigger than the patch!
Trying to juice the futures algorithms before Monday.....
Of course they are, they know if we pull back this won't be just an economic divide, but a social divide that will pit Americans against the Chinese in general. And I don't think they want to lock in WWIII in 35 years.
Couldn’t argue his way out of a voluntary questioning!.....
Rosemary Gibson on America’s Dependence On China for Medicine
'Moment of reckoning': US cities burn recyclables after China bans imports
LOL!
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