Thursday, 24 January, 2019

US Says China Willing to Buy More American as Trade Talks End

G20 leaders summit in Buenos Aires Latest US-China Trade Talks Focus on China’s Pledge to Buy More US Goods – USTR
Priscilla Morrison | 10 January, 2019, 01:21

U.S. and Chinese negotiators extended trade war talks into a third day on Wednesday (Jan 9), with President Donald Trump boasting that discussions to resolve the dispute were going "very well".

A member of the USA delegation said the two sides would resume talks on Wednesday as they continue their first face-to-face meetings since Trump and Chinese President Xi Jinping agreed to a tariff truce during a meeting in Argentina on December 1.

Steven Winberg, assistant secretary for fossil energy, has told reporters that discussions will be extended for another day.

"I think they went just fine", Ted McKinney, a member of the U.S. delegation, said of the discussions. -Chinese talks aimed at ending a costly tariff battle wrapped up Wednesday in an optimistic atmosphere after President Donald Trump said they were "going very well!".

Chinese foreign ministry spokesman Lu Kang said a one-day extension in talks showed both sides are serious about the negotiations.

Given the relatively low-ranking status of the negotiations, led by deputy USTR Jeffrey Gerrish on the USA side and vice-minister for commerce Wang Shouwen on the Chinese side, observers and analysts had predicted that the talks would seek to lay groundwork for future, more senior, discussions, rather than brokering any substantive deals.

The editor-in-chief of the Global Times, a state-run Chinese newspaper known for its nationalist leanings, said on Twitter around 4 pm in Beijing that he'd heard the two sides were still consulting on the wording of coordinated statements.

Washington has been clamouring for an end to the alleged forced transfer - and even theft - of American technology, as well as steep government subsidies for Chinese companies. The talks, though arduous, were conducted in a pleasant and candid atmosphere, he said.

China and the U.S. plan to release a message on trade talks at the same time Thursday morning in Beijing, he said later in another tweet.

US Commerce Secretary Wilbur Ross signalled in a CNBC interview on Monday that there was a "very good chance" of reaching an agreement.

More news: Belgian expert dismisses Carrasco links to Man Utd, Arsenal

China's economy was more vulnerable to the fallout from the trade war, he said.

"Talks with China are going very well!".

"I don't see any linkage with the trade talks", said Ms Glaser.

Li told Musk he hoped Tesla can become an "in-depth participant in China's opening and a promoter of the stability of Chinese-U.S. relations".

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods past year and has threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property to hacking.

USA and North Korean officials are believed to have met in Vietnam to discuss a location.

Global financial markets retreated late previous year, largely over concerns about the economic impact of a protracted trade war. Bloomberg reported that Trump is eager to strike a deal to boost markets, citing people familiar with White House deliberations.

Also Tuesday, North Korean leader Kim Jong-un arrived in Beijing in a possible effort to co-ordinate with the North's only major ally ahead of a possible meeting with Trump.

China - Pyongyang's sole diplomatic ally and main source of trade - said it would not use Kim's visit as a bargaining chip in the United States trade talks.

But in a statement Wednesday, the office of U.S. Trade Representative Robert Lighthizer also said it wants any deal to include "ongoing verification and effective enforcement".

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