Australia: PM confident of end to US/China trade spat - - PressFrom - Australia
  •   
  •   

Australia PM confident of end to US/China trade spat

02:50  22 september  2019
02:50  22 september  2019 Source:   msn.com

G20 alliance issues warning to China, US over trade war

G20 alliance issues warning to China, US over trade war "An alliance of G20 nations led by Australia has issued an unprecedented warning over the trade war between the US and China claiming it is putting the entire post-war multilateral system at risk of collapse." - The Australian The Australian's Rachel Baxendale said, "Desperate times call for desperate measures. It would seem clear these nations including Australia felt they had no option but to make it clear that they feel this dispute is damaging for everyone's economy and to call for an end to the trade war." "Who knows whether Xi Jinping or Donald Trump will take notice as a result of this," she said.

US and Chinese negotiators are trying to resolve a long-running dispute between semiconductor rivals Micron Technology and Fujian Jinhua as part of a larger trade agreement between the world’s two largest economies, according to people briefed on the negotiations.

US President Donald Trump has long accused China of unfair trading practices and intellectual property theft. If this happens, effectively all Chinese goods imported to the US will be subject to tariffs. China also plans to hit another 3,000 American products with tariffs by the end of the year.

U.S. President Donald Trump speaks to Australia's Prime Minister Scott Morrison during an official arrival ceremony on the South Lawn of the White House in Washington DC. © REUTERS/Joshua Roberts U.S. President Donald Trump speaks to Australia's Prime Minister Scott Morrison during an official arrival ceremony on the South Lawn of the White House in Washington DC. Prime Minister Scott Morrison is still confident the US and China can bring about a timely end to their trade dispute.

US President Donald Trump said on Friday he wasn't sure the issues could be resolved before the next presidential election, in November 2020.

Mr Morrison said if a deal was delayed that long Australia would address the economic implications in the government's mid-year budget update and next May's budget.

"We had a discussion about that yesterday and I've obviously urged that the sooner we can get to an outcome on that," he told reporters in Washington on Saturday.

While the prime minister has been feted at the highest levels in the American capital, he has yet to receive an invitation to Beijing.

But he insisted that was "not something that's closely vexing us", saying the relationship with China was on good enough terms.

Ahead of military parade China gives away 620,000 TVs .
What good is a massive display of Chinese military power if not everyone sees it? With that in mind, authorities are donating the 32-inch LCD TVs—made by a domestic brand, of course—to ensure that poor Chinese households can’t miss the proceedings, according to Xinhua.It’s hard to imagine a Western government doing that. Then again, in China the media is controlled by the state, so Beijing has a vested interest in ensuring content it’s approved is as widely seen as possible.What’s more, Chinese leader Xi Jinping seems to have a thing for parades—and for being seen in them.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!