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giftedviz.com September 22, 2018


Trump says USA under 'no pressure' for China trade deal

15 September 2018, 03:24 | Austin Hogan

US reached out to China for new trade talks, sources say

U.S. President Donald Trump holds an Oval Office meeting on preparations for hurricane Florence at the White House in Washington

In its editorial, the paper draws attention to China's bid to seek approval from World Trade Organisation to impose sanctions on United states, over threats to impose hefty tariffs by Washington.

Companies reported the tariffs were pressuring profits, reducing demand for their products and driving up production costs.

China is clearly under economic duress as its economy slows and the next round of 25 percent tariffs targeting US$200 billion worth of Chinese goods are made ready for launch in Washington.

President Donald Trump wants to move forward with tariffs on $200 billion worth of Chinese goods despite new overtures to the Chinese from the Treasury Department.

Stocks in Europe rose earlier as prospects for U.S. He responded that he wasn't, two of the people said.

President Trump ordered his staff to start preparing the tariffs this summer, escalating a dispute over what the USA says are China's unfair trade practices, such as state subsidies.

"With the $200 billion round of tariffs looming, this is probably the best time for the United States to go back to the table with a "take it or leave it" type of trade demand", Robert Carnell, the chief Asia-Pacific economist at investment bank ING, said in a note.

"The U.S. administration runs the risk of a downward spiral of attack and counterattack, benefiting no one", Zarit said in statement.

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The American Chamber of Commerce in China polled more than 430 U.S. companies operating in the country, providing the first detailed look at how Donald Trump's trade fight has harmed business.

"Chinese officials said they have grown wary of the Trump administration's unpredictable decision-making process and may be hesitant to accept without a clear sign US negotiators have authority to speak for the president", the original report said. A similar amount said they were delaying investment decisions because of the trade tensions. But the Chinese government has thus far refused to budge on the White House's demands and vowed to retaliate against every American punch.

Zheng expressed support for Trump's wider aim of levelling the playing field between the USA and China, and addressing "long-standing inequities".

Before his meeting on Thursday, Trump boasted on Twitter that he has the upper hand in the trade feud with Beijing and feels "no pressure" to resolve the dispute.

Chinese Foreign Ministry spokesman Geng Shuang told reporters on Thursday that China welcomed the invitation, and the two countries were discussing the details. Some of them have criticized Trump's tactics but many echo USA complaints about Chinese market barriers and industrial strategy.

A worker places U.S. and China flags near the Forbidden City ahead of a visit by U.S. President Donald Trump to Beijing, in Beijing, China November 8, 2017.

"While we agree that there are issues that need to be addressed with key trading partners, tariffs are the wrong approach to bring about meaningful change", the groups wrote in a letter to Congress.



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