Donald Trump Calls For New "Structure" For US - China Trade Deal
24 May, 2018, 03:51 | Author: Gregg Anderson
The ZTE talks occur after the USA and China over the weekend suspended plans to impose tariffs on as much as $200 billion in each other's goods, pulling back from the brink of a trade war.
So, say these titans of the global business press, current White House trade policy really means the United States is willing to trade its sovereignty and dignity to China, a nation who sells intellectual property stolen from us to our enemies, in order to "dodge tariff retaliation on the U.S. Farm Belt" that our Tweeter-in-Chief begged for - and got - with his earlier, "misguided" steel tariffs. The president did not make clear what a "different structure" would look like.
The ministry's statement gave no details of possible new initiatives but promised to "conscientiously implement" the joint statement by China and the USA issued on Saturday in which Beijing agreed to "substantially reduce" America's trade deficit with China.
China did not commit to cut the gap by any specific amount.
"What I envision is a very large fine of more than $1 billion".
While Trump said on Twitter that China had agreed to purchase "MASSIVE" amounts of American farm goods to reduce its yawning trade surplus with the US, the two sides didn't agree on a specific dollar figure.
And on Monday, Mr Trump had hailed the cease-fire as a big victory for U.S. farmers.
In the face of congressional criticism, Treasury Secretary Steven Mnuchin on Tuesday denied that the U.S.is offering relief for ZTE in exchange for trade concessions.
"The president asked me to look into it, and I am doing that", Trump said.
The two countries are now in negotiations and, as we recently reported, they are close to coming to an agreement.
"It's hard to tell if this is the result of strategy or just a reaction to the latest criticism he's felt", said Scott Kennedy, director of the Project on Chinese Business and Political Economy at the Centre for Strategic and International Studies.
US Commerce Secretary Wilbur Ross plans to visit Beijing in early June to work out the details of a broad commitment from China to increase its purchases of American goods - particularly of energy and farming goods, his office said on Tuesday.
Last month, the administration proposed tariffs on $US50 billion ($66 billion) on Chinese imports to protest the forced technology transfers.
China responded by targeting $US50 billion in U.S. products, including soybeans, which would deal a blow to Mr Trump supporters in America's heartland.
The San Francisco 49ers and Seattle Seahawks were among the teams that have been particularly tolerant of players' protests . Employment rules now depend on where you work, potentially pitting teams in navy blue California against ruby red Texas.
That was ahead of analysts' average forecast of 573 million pounds but down from 613.8 million pounds made in 2016-17. New Look , Mothercare ( MTC.L ), Carpetright ( CPRC.L ) and House of Fraser are all shutting stores.
The overall pass percentage of the academic year 2017-2018 is 94.5 %, which is 0.1% higher compared to last year. Media reports suggest that almost 10 lakh students from Tamil Nadu and Puducherry sat for TN SSLC exams 2018.
He added that the company had taken the same step with data it has collected about Europeans who are not Facebook users. But many others were also passed by, including anti-trust questions and queries about how the company treats its users.
Rouhani is unlikely to yield to such conditions, as hardliners will accuse him of selling out to the West and its Arab allies. The fate of the nuclear deal is of utmost importance, especially to President Hassan Rouhani and the so-called moderate camp.
The matter's sensitivity is such that Senate Intelligence Committee Chairman Richard Burr (R-N.C.) and Vice Chairman Mark R. The Department of Justice, in turn, asked its Inspector General (IG) to look into the claims.
You can also follow the match live blog for ball-by-ball updates, full score and IPL match highlight on cricketnext.com. In-form Suresh Raina was playing beautifully, hitting four well-timed boundaries on his way to 22 off 13 balls.
A memorial service, attended by Prime Minister Theresa May and Prince William , was also held in Manchester Cathedral. The pop star tweeted early Tuesday morning that she was thinking of the survivors and the families of victims.
But there are other things Trump could do short of ordering an oil embargo, such as cutting USA exports of diluents to Venezuela . On Saturday, the United States ramped up pressure on Caracas by imposing new sanctions against the government's top officials.
One of the major challenges surrounding the vaccine will be to keep it in properly cold conditions in the DRC's tropical climate. Congo President Joseph Kabila and his Cabinet agreed Saturday to increase funds for the Ebola emergency to more than $4 million.
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