Friday, 17 August, 2018

China Says Door To US Trade Negotiations "Always Open"

Another round of trade talks between the U.S. and China will resume this weekend. More Another round of trade talks between the U.S. and China will resume this weekend. More
Elsie Buchanan | 04 June, 2018, 00:34

The United States' measures against China's investments are against World Trade Organization rules, and China reserves the right to take countermeasures, the commerce ministry said on Thursday.

The Trump administration's move comes ahead of US Secretary of Commerce Wilbur Ross' planned visit to Beijing on Saturday, during which the US and China will try to hammer out a deal to forestall the imposition of proposed tariffs on US$50 billion in Chinese imports. But the truce appeared to end with this week's announcement Washington was going ahead with tariff hikes on technology goods and also would impose curbs on Chinese investment and purchases of US high-tech exports.

The White House announcement said it also would impose curbs on Chinese investment and purchases of high-tech exports.

The administration of President Donald Trump also said that it would impose measures to limit Chinese investment in the USA technology sector.

Trump, while demanding China to reduce the $375 billion by $100 billion retaliated with $50 billion tariffs on Chinese products.

But ZTE's possible resuscitation has met strong resistance in Congress, where both Democrats and Trump's fellow Republicans have accused him of bowing to pressure from Beijing to help a company that has been labeled a threat to US national security.

Gao said he hoped the U.S. team would be able to "meet China halfway".

3 takeaways from Game 1 vs. Warriors
And then tonight in the Finals on the biggest stage, when our team played well, played our ass off - man, it ain't right. The Cavs' forward was called for a foul while contesting the shot and then began jawing with Green afterward.


The Cabinet announcement Wednesday was the third tariff cut in six months on selected imports in what Beijing says is an effort to improve consumer choice and encourage domestic consumption.

Trade war fears had receded after the Trump administration said it had reached a deal to put ZTE Corp back in business after banning China's second-biggest telecoms equipment maker from buying United States technology parts for seven years.

Over 1.65 lakh Indian students enrolled in USA universities in 2016. Trump said last month the ban threatened too many Chinese jobs and he wanted to get the company back in business.

While not all of the loss can be attributed to friction with China, it is certainly the main factor, he said.

China now charges an import tariff on finished vehicles of 25%.

"I think he's gotten a fair amount of criticism from Congress and from the press and he seems to have hardened his attitude toward China in response to that", Dollar said.

Citing a document issued by the Trump administration in December, the official said the United States government would consider restrictions on visas for science and technology students from some countries. Asian equities and the euro sank as turmoil in Italy sparked a frantic dash for safety, while investors have also been spooked by fresh worries about the China-U.S. trade row.

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