Posted by: 11-01-2019, 13:40
China vs USA. Truce. First round completed
US China Trade. Jeffrey D. Gerrish
Before the start of trade negotiations between America and China, it was assumed that they would last two days. However, delegations from Washington and Beijing decided to extend their duration and stayed in the Chinese capital for another day. According to the official representative of the Ministry of Foreign Affairs of the People's Republic of China Lu Kahn, the extension of the talks indicates the seriousness of the intentions of their participants, and first of all, China.
Negotiators have not yet issued official statements, but according to the information leaked to the press, the delegation went home in good spirits, bringing the positions even closer on important issues such as energy and agriculture.
The general tone after the end of the three-day talks is optimistic, but before the signing of the agreement, which formally ends the trade war between the two main economies of the world, which has already shaken the global economy, is still far away. The most desperate optimists admit that the January round of talks in Beijing, while bringing together the positions of Washington and Beijing on a number of important issues, on other equally important ones, further alienated them from each other.
Disagreements remain on a number of structural issues. They will have to be solved at the next round of negotiations, at which the level of participants will be higher. It is expected that in the second half of January, US Trade Representative Robert Lightheiser will meet with Chinese Vice Premier Liu He, Chief Economic Adviser to the President of China Xi Jinping, who heads the Chinese delegation. Liu briefly appeared at the talks on the first day, on Monday, but did not take part in the negotiation process itself. The main task of his appearance in the hall was to create the impression among journalists and, of course, the American delegation that Beijing is extremely interested in achieving a result and is ready to go for it.
It was the first meeting between the American and Chinese delegations after the meeting between Presidents Donald Trump and Xi Jinping on December 1, 2018 at the G20 summit in Buenos Aires, where they agreed on a 90-day truce in trade war and the resumption of negotiations.
Before the start of the Beijing round of negotiations, China made a number of concessions in goodwill. In particular, the PRC government temporarily canceled tariffs on American cars, resumed purchases of American soybeans, promised to open Chinese markets for foreign investments and prepared a draft law to combat the transfer or actual theft of high technologies.
Washington and Beijing must reach agreement before March 1, 2019. Otherwise, the United States will raise tariffs for dozens of Chinese goods and products from 10 to 25%, which in total will «pour out” into 200 billion dollars.
The optimistic end of the negotiations and the hopes for reaching an agreement became a powerful impetus for the markets and, above all, for the Asian markets, which soared to the greatest heights in the last three weeks. Thus, the growth of the Chinese Shanghai Composite Index and the Japanese Topix was 1%. Twice as much — Hong Kong's Hang Seng Index rose 2%.
“Everything is ready for the strike”: Trump voiced a clear position on Iran The US has a plan to break through Kaliningrad air defense system Texas hit a powerful storm, there are victims Trump: Rock climbers could not climb the wall on the border with Mexico Mexico has hit a powerful hurricane: there is a threat to tourists
CNN is one of America’s most loved News Network, said to be positioned # 1 news channel around the nation. The news is a wellspring of association which empowers our mindfulness about the happenings around our encompassing world. CNN News live stream is open from various gadgets and sources, for example, the web and through different dish TV stations.
MSNBC is the basic cable & Satellite channel owned by the NBC universal group. The channel is the sister of the group of eight others which include CNBC, CNBC World, and six others. MSNBC replaced America’s Talking (1994-1996). It primarily covers the news, views, currents affairs & political opinions and debates both in America and Worldwide.
We do not claim the right to Fox News, but we do claim the right to speak. And speak we will to the millions of Americans who share our values. Our voice is just as legitimate as the voice of others. Official site Fox News: www.foxnews.com. Watch Fox News live stream today at our site streamnews.online, share it in social networks
A month and a half before September 11, the twin towers insured against the terrorist attack of $ 3.6 billion! Shooting during picnics in the USA: police and authorities comment appeared Muller's report proved: Moscow did not interfere Trump's conspiracy report with Russia became a bestseller in the USA New York firefighters demand a new investigation of 9/11, citing evidence of intentional demolition of buildings