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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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US and China will resume trade talks in Washington amid low expectations

rocky
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US and China will resume trade talks in Washington amid low expectations Empty US and China will resume trade talks in Washington amid low expectations

Post by rocky Wed 22 Aug 2018, 6:23 am

US and China will resume trade talks in Washington amid low expectations

US and China will resume trade talks in Washington amid low expectations 9580

US and Chinese officials are expected to resume controversial trade talks on Wednesday, amid expectations from US President Donald Trump that there is no real progress.
Discussions by mid-level officials may set a framework for further negotiations as Washington and Beijing prepare to impose new tariffs on Thursday in a growing dispute over China's economic policies.
Trump has threatened to impose customs duties on nearly all Chinese products exported to the United States, worth more than $ 500 billion, unless Beijing responds to its demands.
The two-day meetings are the first formal trade talks between the United States and China since US Trade Secretary Wilbur Ross met Chinese economic advisor Liu He in Beijing in June.
After negotiations in May, Beijing believed it had received assurances from the United States that the issue of fees was no longer on the table. But less than 10 days later, the White House said it would go ahead with those punitive measures.
China said it hoped to hold peaceful talks to reach "a good outcome on the basis of equality, equality and trust."
China and the United States have already begun consultations, which of course hope to produce a "good outcome," said Chinese Foreign Ministry spokesman Lu Kang in Beijing on Wednesday.
Lu said he did not want to make any details or disclose details during the talks.
"We hope that everyone will sit quietly together for serious talks with a view to reaching a result that is in the interests of both parties."
But Trump told Reuters on Monday he did not expect much progress and said in an interview that it would take time to resolve the trade dispute.
Trump also accused China of manipulating its yuan currency to offset the impact of customs duties, while saying the US central bank should pursue a more accommodative monetary policy.
However, Trump administration officials kept silent on Tuesday on the new round of talks.
Spokesmen for the Treasury Department, the Trade Representative Office and the US Department of Commerce did not respond to questions about the Treasury-led meetings.
A White House official told Reuters it was "working-level discussions with representatives from various quarters in the administration."
The official declined to comment further, but referred to Trump's pessimistic comments in an interview with Reuters.
"This is somewhat of a pulse," said Scott Kennedy, director of China Studies at the Center for Strategic and International Studies in Washington. "Expectations may be low on both sides."


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