Mix-messages on next round of talks on US-China trade war

Mix-messages on next round of talks on US-China trade war

"The Treasury Department is in communication with China". "They are under pressure to make a deal with us".

The possible resumption of negotiations sent Asian markets rallying with Hong Kong surging 2.5 per cent - having fallen for six straight days and into a bear market - and Shanghai more than one per cent higher. We will soon be taking in Billions in Tariffs & making products at home.

"The administration is faced with the fact that if they go ahead with the US$200 billion, they will hurt the United States economy quite badly, and things are not going so well with the midterms", he said.

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The White House didn't immediately comment.

In Washington, White House economic advisor Larry Kudlow sounded a cautious note about the possible outcome of talks. Some of them have criticized Trump's tactics but many echo USA complaints about Chinese market barriers and industrial strategy.

"I think most of us think it's better to talk than not to talk, and I think the Chinese government is willing to talk", he said.

Any talks would resume amid doubts over prospects for a diplomatic settlement.

Regarding Thailand, the implications of this trade war are likely to be minimal at this stage, with some sectors gaining and some losing. The latest data from polling aggregator RealClearPolitics puts Democrats at a more than 8-point lead in a generic congressional vote for the House. "Who's in charge on the American side and what do they want?" "AmCham China and AmCham Shanghai urge both governments to return to the negotiating table".

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Addressing the parliament ahead of Orban, Greek leftist Prime Minister Alexis Tsipras said: "Pro-European forces have a duty to stand side by side".

Trump has been defiant, saying his rigid approach is necessary to force change in Beijing.

"China does look to be in a relatively weaker position", McNally said.

The largest American business groups in China issued a plea to President Trump on Thursday: Please stop with the tariffs.

In short, costs are up and profits are down, and the situation would only get worse if President Trump follows through with his threat to levy tariffs on a further $200 billion worth of imports from China, respondents said-74.3% said they expected to be negatively affected by that broadside, and 67.6% said they expected to take damage from the Chinese response.

The longer the trade war continues the less attractive China will become as a manufacturing base for global companies, making other emerging markets like Indonesia and India preferable locations for manufacturing.

"We share the concerns of the United States regarding China's trade and investment practices, but continuing along the path of tariff escalation is extremely risky", warned Harborn. Commerce Secretary Wilbur Ross tried to cut a deal with Chinese leaders last year, but it was rejected by Trump at the last moment, leading to the escalation this year. But those talks also broke down.

The Trump administration is preparing to activate tariffs on $200 billion worth of Chinese goods, hitting a broad array of internet technology products and consumer goods from handbags to bicycles to furniture.

Trump seeks to close what he has slammed as a hulking trade deficit.

Mnuchin and Kudlow, meanwhile, have pushed for more dialogue, anxious about the potential impact on the economy if the existing standoff worsens.

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