Chinese stocks traded on US exchanges went from modest losses to modest gains after The Wall Street Journal reported that the Trump administration will open a new round of trade talks with China before imposing additional tariffs. According to the newspaper:
“The US is reaching out to China for a new round of trade talks, in an effort to give Beijing another opportunity to address trade issues before the Trump administration implements additional tariffs on Chinese imports, according to people briefed on the matter.
“Senior US officials, led by Treasury Secretary Steven Mnuchin, recently sent an invitation to Chinese counterparts headed by Vice Premier Liu He, proposing another bilateral trade meeting, the people said.
“The US side has proposed having discussions in the coming weeks and has asked the Chinese to dispatch a ministerial-level delegation. The proposed meeting might take place in Washington or Beijing, the people said.
“A Treasury Department spokesman declined to comment.
“The proposal comes as the Trump administration is gearing up to impose tariffs on an additional $200 billion of Chinese goods, after imposing tariffs on $50 billion in Chinese goods earlier this year. The invitation to negotiate reflects the attempt by some in the administration to ‘make every effort to get the Chinese to address the U.S. demands before the tariffs hit,’ one of the people said.”
The American initiative follows extensive lobbying by American businesses against Trump’s tariffs. A new coalition named Americans for Free Trade will act as an umbrella group for US manufacturers, retail and agricultural businesses to lobby against Trump under the slogan, “Tariffs hurt the heartland.”
The United States imports US$500 billion worth of Chinese-made goods each year, although a large part of the total reflects assembly of Japanese, Korean or Taiwanese components. A large part of this trade also comes from American-owned plants in China. American businesses cannot replace many of the import products due to lack of skilled labor or available supply chain and would have to absorb the cost of tariffs or pass them on to customers.
It is lies and misinformation. The best way to resolve the refugee problem is a complete amd resounding win for the Syrian government forces and a sustainable peace. Turkey knows this very well.
All terrorists should surrender or be massacred for their treason and crimes!
There is something called good judgement, without it, the World will be like America, heading nowhere but paranoid and hostile to the whole World.
If the US and Trump is serious. Otherwise it’s a waste of time.
It does not matter much. All the non-sense trade war will be gone by November as well as Trump.
Actually, I would prefer the dumb Americans find out the actual outcome of the trade war and shut up once for all.
LOL! USA blinks first.
Pakistan knows how powerful Indian military is. As far as the question of isolation goes, it’s not Pakistan but India rapidly being isolated in it’s neghbourhood, all of it’s neighbours hate India and are extending their copperation to China, which is a peace loving country and believes in the economic prosperity of others unlike the new found daddy of India, Trump. Countries in China-Russian block are consolidating themsleves against US hegemony and India will soon sink with U.S. and it’s ruin is now certain.