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

US prefers a 'big deal' with China: Trump

  US prefers a 'big deal' with China: Trump President Donald Trump said Monday he would prefer to strike a comprehensive trade bargain with China, in comments days before top US and Chinese officials are due to resume trade talks in Washington. But with little sign the two sides have made progress in bridging the distance between them, speculation has mounted in recent months they may reach a deal which addresses only some of Washington's extensive grievances. "I think it's not what weBut with little sign the two sides have made progress in bridging the distance between them, speculation has mounted in recent months they may reach a deal which addresses only some of Washington's extensive grievances.

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

Negotiators for the U . S . and China have scheduled a new round of high- level trade talks in Beijing and Washington, aiming to close a deal by late April to end U . S . Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to fly to Beijing next week to meet with Chinese Vice

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.

China says companies facing many difficulties due to trade frictions

  China says companies facing many difficulties due to trade frictions China says companies facing many difficulties due to trade frictions , Commerce Minister Zhong Shan said on Sunday.The United States and China have been locked in an escalating trade war for over a year. They have levied punitive duties on hundreds of billions of dollars of each other's goods, roiling financial markets and threatening global growth. "Trade faces unprecedented challenges," Zhong told a news conference in Beijing. "These challenges are both external and internal."A new round of high-level talks between the world's two largest economies is expected in Washington on Oct.

Prospects for progress in U . S .- China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing' s treatment of Trump and his top economic adviser, Larry Kudlow, spoke in generally upbeat terms about this week' s discussions with China , the first such high- level

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

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.

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.

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

"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.

China to Ask U.S. to End Sanctions on Its Biggest Shipping Company

  China to Ask U.S. to End Sanctions on Its Biggest Shipping Company China plans to ask the U.S. to lift sanctions on its biggest shipping company at high-level trade negotiations in Washington this week, people familiar with the matter said. Officials plan to raise the issue of penalties against the Dalian units of China COSCO Shipping Corp., which the U.S. accuses of knowingly violating restrictions on carrying Iranian petroleum, said the people, who asked not to be identified discussing a private matter. Four other Chinese entities were also sanctioned last month along with COSCO. The people did not say if the Chinese delegation planned to seek relief for those companies. The U.S.

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

U . S . and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min

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)

Stocks rally on rising hopes for a limited China trade deal .
Stocks rallied on Friday as traders grew more optimistic over the possibility of a limited trade deal between China and the U.S. The Dow was up more than 400 points, while the S&P 500 rose 1.6% and the Nasdaq jumped 1.8%. The gains put the Dow and S&P 500 on track to snap a three-week losing streak.Big tech shares such as Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all gained more than 1%. Bank stocks also gained steam as Bank of America and J.P. Morgan Chase rose more than 1.5% each.Chipmakers rose broadly. Micron Technology gained more than 2% along with Xilinx.

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