• Home
  • About Us
  • Privacy
  • Site Map

Ancient-Origine

  • Economy
  • Culture&Arts
  • Technology
  • Sci-tech
  • Sports
  • Global Media
  • Medicine
  • USA

China says Washington asks to resume talks on tariff fight

  • by Shawn Tate
  • in Economy
  • — Sep 15, 2018
Share:

"We have indeed received an invitation from the USA side".

"I think most of us think it's better to talk than not to talk, and I think the Chinese government is willing to talk", Kudlow said.

While certain doubts have been raised about the current worldwide trading system, China has always supported the protection of free trade and believes that multilateralism with the WTO at its core should be strengthened, Wang added. "If we meet, we meet?"

The basic tenets of the WTO, in opposing protectionism and supporting free trade should not change, but the rights of developing nations should also not be overlooked, he said.

American consumers have not felt widespread price increases months after the Trump administration started rolling out tariffs, and economist Robert Scott says the doomsday predictions might never materialize.

"The issue of WTO reform is extremely complex, and involves many areas".

"The Treasury Department is in communication with China".

In recent meetings with cabinet-level Chinese officials, USCBC representatives were told that licensing won't resume "until the trajectory of the U.S".

While no concrete details were revealed by either side, potential new talks would be aimed at staving off the next round of US$200 billion in punitive duties from the USA expected this month - the largest tariff measure in the intensifying trade war so far - and US$60 billion in retaliatory tariffs from China.

The U.S. has enjoyed near-record low joblessness and faster economic growth in 2018, while Beijing's economy faces growing long-term concerns, including a sharp decline in the value of its currency. "It has enough fuel to drive its economy even if a trade war is prolonged". We will soon be taking in Billions in Tariffs & making products at home.

Treasury Secretary Steve Mnuchin on Wednesday invited Chinese officials to a new round of talks later this month over USA threatened tariffs on Chinese exports worth $200 billion, and a Chinese Foreign Ministry spokesman told reporters Thursday that Beijing welcomed the invitation.

Christopher McNally, an adjunct senior fellow at the East-West Centre in Hawaii, said the Trump administration may seek a deal on the trade war before the elections, though he cautioned that the U.S. president could easily throw out any negotiated settlement if he felt it did not "help him politically or doesn't go far enough, doesn't make him look good enough".

"Our markets are surging, theirs are collapsing", he wrote. Right now, Donald has slammed $US50 billion worth of Chinese exports to the USA with tariffs and the Chinese have returned fire.

The step comes exactly one week since Trump raised the possibility of duties on the $200 billion of imports and also threatened tariffs on $267 billion worth of goods.

Such a meeting could take place in Washington or Beijing, according to informed sources.

The talks could stave off the growing costs for American firms, though the two sides have failed to reach an agreement over several rounds of negotiations in spring and summer.

Share:

IN CASE YOU MISSED IT

  • Hurricane Florence smashes into US East Coast, rescuers scramble
  • Nacho Monreal needs new deal, says Unai Emery
  • Pope Francis orders investigation of W.Va. bishop on sexual harassment charges
  • YOU MAY ALSO LIKE...

    • SC holds Anil Ambani guilty of contempt; orders RCom to pay Ericsson 2/20/2019
    • EuroMillions winners REVEALED: Six sisters win £153m National Lottery jackpot 2/20/2019
    • Theresa May heads to Brussels for Brexit taks with EU's Juncker 2/20/2019
    • Baby Boy Is Born on JetBlue Flight 2/20/2019
    • 'Guardianship' Gone Digital: Google & Apple Under Fire For Saudi Monitoring App 2/20/2019
    • Payless to close all US stores 2/19/2019
    • Venezuelan oil finds home in India as United States shuns shipments 2/19/2019
    • Honda to announce United Kingdom plant closure ahead of Brexit 2/19/2019
    • RBI decides to pay Centre interim dividend of Rs 28,000 crore 2/18/2019
    • Payless ShoeSource reportedly set to close all its USA stores 2/18/2019

RELATED NEWS

Tesla surges after bullish analysts say 'buy even with drama'
Musk has security clearance because another of his companies, SpaceX , provides satellite launch services to the US government. On August 1, Musk told analysts that Tesla plans to pay off its debt instead of refinancing it.
9/14/2018

Defiant Australian paper reprints ‘racist’ Serena cartoon
He questioned the imposition by social media critics of no-go areas in cartooning and other critical media. For me to say " thief " and for him to take a game, it made me feel like it was a sexist remark".
9/14/2018

Chelsea’s Sarri tips Liverpool for title challenge
Willian has been a vital player under Sarri so far, he is expected to be in the squad when they host Cardiff on Saturday in the Premier League.
9/14/2018

Raheem Sterling demands £100k rise at Manchester City
De Bruyne, 27, is injured, though Guardiola confirmed the player is making good progress and was still on course for a return before Christmas.
9/14/2018

Theresa May faces fresh threat of Brexit rebellion
We will then have to pass our final agreed deal to the EU by 29 March, and 11pm that night we will have officially left the union. London and Brussels say they want to get a divorce deal at the October 18 EU Council or at the latest by the end of the year.
9/14/2018

José Mourinho pulls out stats sheet to defend use of Marcus Rashford
Manchester United will NOT sell Anthony Martial because they owe 50 per cent of the profit to Monaco . "That's what we are doing here".
9/14/2018

Hurricane Florence Timeline: What to Expect From the Storm Through the Weekend
Areas that will be particularly susceptible to tropical storm conditions will be our far southeastern zones. All interests in these areas should complete preparations and follow any advice given by local officials.
9/14/2018

Fan Chengcheng affected by sister's tax scandal
Forbes has listed the actor, singer, and model among the highest-paid Chinese celebrities every year since 2013. Variety magazine reported Fan had not been seen in public, nor touched her social media accounts , in weeks.
9/14/2018

'This Thing's Going to Explode': Hurricane Florence Packing Devastation and Catastrophic Flooding
Maximum sustained winds were clocked at 140 miles per hour (220 kph) as it moved west-northwest at 13 miles per hour (20 kph). Most manure pits could handle up to 25 inches of rain, Curliss said.
9/14/2018

Mets' David Wright To Play One More Game Before Retiring
He earned $20 million this season, a portion of which the Mets have recouped via insurance while he's been on the disabled list. Wright has worked to return from a litany of neck, back and shoulder injuries that have required surgery.
9/14/2018

Samsung hints Galaxy A phone with four cameras is coming next month
It is easy to interpret the wording of the invite as a sign Samsung will release a device with four cameras. Of course, "4x fun" could turn out not to have anything to do with cameras and could refer to.
9/14/2018

Watch South Carolina BATTERED by gale force winds
More than 80,000 people were already without power as the storm began buffeting the coast, and more than 12,000 were in shelters. Workers are being brought in from the Midwest and Florida to help in the storm's aftermath, it said.
9/14/2018

Apple’s budget-friendly iPhone Xr will start at $749
Williams also said the watch's battery life would be the same as the previous edition of the Apple Watch , at 18 hours. That actually took a fair amount of finessing in order to achieve the slim bezels and curved corners, Apple says.
9/14/2018

83-Foot Wave Recorded By Satellite Monitoring Hurricane Florence
The National Hurricane Center is predicting the storm will produce "catastrophic flash flooding and significant river flooding". The storm has become less organized over the eastern Caribbean with the latest advisory, as it continues on a westward path.
9/14/2018

Meghan Markle birthday well-wishers receive thank you cards from duchess
Either way, royal fans will still want to look like and dress like Meghan Markle no matter what she steps out in. Grant's Twitter is set to private, so only those she allows to follow her are able to see her posts.
9/14/2018

    • Top picks

      • Renault to scrap Ghosn's 30 million euro golden parachute2/15/2019
      • Amazon acquires Eero, maker of mesh Wi-Fi routers2/15/2019
      • Ocasio-Cortez shocked to learn lobbyists pay others to stand in line2/15/2019
      • 3 on Delta flight sent to hospital after turbulence forces emergency landing2/15/2019
    • Weekly News

      • Trump weighs extending China tariff deadline by 60 days2/15/2019
      • J.P. Morgan Is Launching Its Own Cryptocurrency2/15/2019
      • Amazon to New York City: Drop Dead2/14/2019
      • Amazon is acquiring WiFi router company Eero2/14/2019
    • Latest News

      • Flights cancelled as Flybmi airline collapses - Flybe move to stop confusion2/18/2019
      • United Kingdom concludes using Huawei in 5G is a manageable risk, report says2/18/2019
      • Crude hits 2019 high above $652/18/2019
      • Payless to close all shoe stores, report says2/18/2019
    • Home
    • About Us
    • Privacy
    • Site Map

    Wednesday 20 February 2019

    © 2019 Ancient-Origine. ALL RIGHTS RESERVED.