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Money Top-level U.S.-China trade talks resume as irritants sour atmosphere

10:01  10 october  2019
10:01  10 october  2019 Source:   reuters.com

China Wants More Talks Before Signing Trump’s ‘Phase One’ Deal

  China Wants More Talks Before Signing Trump’s ‘Phase One’ Deal China wants further talks as soon as the end of October to hammer out the details of the “phase one” trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter. Beijing may send a delegation led by Vice Premier Liu He, China’s top negotiator, to finalize a written deal that could be signed by the presidents at the Asia-Pacific Economic Cooperation summit next month in Chile, one of the people said.

WASHINGTON (Reuters) - The United States' and China ' s top trade negotiators met on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the But the atmosphere surrounding the talks was soured by the U . S . Commerce Department' s

The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world' s But the atmosphere surrounding the talks was soured by the U . S . Commerce Department' s decision

a person standing in front of Steven Mnuchin et al. posing for the camera: FILE PHOTO:  U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin meet China Vice Premier Liu in China© Reuters/POOL FILE PHOTO: U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin meet China Vice Premier Liu in China

WASHINGTON (Reuters) - The United States' and China's top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world's two largest economies threatened hopes for progress.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will seek to narrow differences enough to avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods.

U.S. suspends plans to hike tariffs Tuesday on Chinese imports

  U.S. suspends plans to hike tariffs Tuesday on Chinese imports U.S. suspends plans to hike tariffs Tuesday on Chinese importsThe White House said the two sides made some progress on the thornier issues, including China's lax protection of foreign intellectual property. But more progress will have to be made on key differences in later negotiations, including U.S. allegations that China forces foreign countries to hand over trade secrets in return for access to the Chinese market.

The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world' s two largest economies threatened But the atmosphere surrounding the talks was soured by the U . S

The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world' s But the atmosphere surrounding the talks was soured by the U . S . Commerce Department' s decision

But the atmosphere surrounding the talks was soured by the U.S. Commerce Department's decision on Monday to blacklist 28 Chinese public security bureaus, technology and surveillance firms, citing human rights violations of Muslim minority groups in China's Xinjiang province. A day later, the U.S. State Department imposed visa restrictions on Chinese officials related to the Xinjiang issue.

If negotiations break down again, by Dec. 15, nearly all Chinese goods imports into the United States -- more than $500 billion -- could be subject to punitive tariffs in the dispute that erupted during U.S. President Donald Trump's time in office.

Commerce Secretary Wilbur Ross said in Sydney on Thursday that the tariffs were working, forcing Beijing to pay attention to U.S. concerns about its trade practices.

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

  Oil prices edge up on U.S.-China trade optimism, but demand concerns cap Oil prices edge up on U.S.-China trade optimism, but demand concerns capBrent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2%, from their previous settlement. Brent settled down 0.8% at $58.96.

The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world' s two largest economies threatened But the atmosphere surrounding the talks was soured by the U . S

WASHINGTON (Reuters) - The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between But the atmosphere surrounding the talks was soured by the U . S . Commerce

"We do not love tariffs, in fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns," Ross said in remarks prepared for delivery on an official visit to Australia.

Although some media reports suggested both sides are considering an "interim" deal that would suspend planned further U.S. tariffs in exchange for additional purchases of American farm products, Trump has repeatedly dismissed this idea, insisting that he wants a "big deal" with Beijing that addresses core intellectual property issues.

Speaking to reporters in Washington on Wednesday, Trump said: "If we can make a deal, we're going to make a deal, there's a really good chance."

"In my opinion China wants to make a deal more than I do," Trump added.

The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase U.S. companies' access to largely closed Chinese markets.

In swipe at Trump, China tells U.N. tariffs could plunge world into recession

  In swipe at Trump, China tells U.N. tariffs could plunge world into recession In swipe at Trump, China tells U.N. tariffs could plunge world into recessionIn a blunt speech to the annual United Nations General Assembly, State Councilor and Foreign Minister Wang Yi said: "Erecting walls will not resolve global challenges, and blaming others for one's own problems does not work. The lessons of the Great Depression should not be forgotten.

The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world' s But the atmosphere surrounding the talks was soured by the U . S . Commerce Department’ s decision

WASHINGTON - The United States' and China ' s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants But the atmosphere surrounding the talks was soured by the U . S . Commerce Department' s decision on

LOWERED EXPECTATIONS

But Chinese officials, surprised and upset by the U.S. blacklisting of Chinese companies, including video surveillance gear maker Hikvision, along with the suspension of U.S. visas for some Chinese officials, told Reuters that Beijing had lowered expectations for significant progress from the talks.

"I've never seen China respond with concessions to someone throwing down the gauntlet in this manner," said Scott Kennedy, a China trade expert at the Center for Strategic and International Studies in Washington. "It suggests to me that the U.S. may have determined that progress was impossible so everyone is just going through the motions."

Other flashpoints that have cropped up in recent days include China's swift action to cut corporate ties to the National Basketball Association over a team official's tweet in support of Hong Kong pro-democracy protesters.

But in a possible easing of tensions, The New York Times reported that the Trump administration will soon issue licenses allowing some U.S. companies to sell non-sensitive goods to China's top telecom equipment maker Huawei Technologies.

The report cited unnamed people familiar with the matter. A Commerce Department spokesman said the agency has been given no such direction. Huawei since May has been on the same trade blacklist affecting Hikvision because the United States says the company can spy on customers - an allegation Huawei denies.

(Reporting by David Lawder; Editing by Simon Cameron-Moore)

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