Trump welcomes trade agreement with China

US VP Mike Pence at ASEAN Summit in Singapore Nov. 15

November 15, 2018 (EIRNS)-Weeks before U.S. President Donald Trump and China's President Xi Jinping are scheduled to address the trade issues at Buenos Aires during the G20 meeting at the end of this month, trade talks between China and the United States have begun again.

Washington has been ramping up pressure on Beijing in recent years, imposing tariffs on Chinese goods and lately accusing China of interfering in USA domestic politics.

"China wants to make a deal", the president told reporters Friday in the Oval Office.

"They sent a list of things that they're willing to do, which was a large list".

While the offer is not acceptable yet, he said he was optimistic for an agreement to get "reciprocal" trade.

The commitments for now fall short of the type of major structural reforms that Trump has been demanding, two of the people said, adding that a long road lies ahead in negotiations.

Trump said the USA would proceed with a threat to impose additional tariffs on $267 billion worth of Chinese products if the two countries don't reach a deal, but he added, "We may not have to do that".

Trump's comments gave a boost to US stocks with the Dow Jones finishing the day up more than 100 points.

US President Donald Trump said China has sent a list of trade concessions.

Trump and China's President Xi Jinping are scheduled to meet over dinner later this month at the Group of 20 summit in Buenos Aires.

"We will continue to fly and sail where ever worldwide law allows and our interests demand".

The rising deficit with China is probably a short-term phenomenon, and seems unlikely to persist if Trump follows through with his threat to extend tariffs to all Chinese imports and raise rates from the current 10% to 25% should the two nations fail to reach a deal before the end of the year.

The president said that tariffs the United States recently imposed on a range of Chinese products have put pressure on that country to agree to a trade pact.

Meanwhile, Commerce Secretary Ross said top Chinese trade negotiator Liu He would arrive in the United States yet again for "some informal talks".

Some firms have even warned that they might have to postpone investment plans if they can not insure a steady supply of material.

The Chinese document was said to include 142 items divided into three categories: issues the Chinese are willing to negotiate for further action, issues they are already working on and issues they consider off limits.

Related News:



Most liked

New Zealand to host 2021 women’s Rugby World Cup
Mr Dent says Wellington being named as host for one of only two All Blacks tests in New Zealand for 2019 is significant. It will be the first time 16 teams compete at the tournament since 2000.

Warriors Player: 'No Way' Kevin Durant Re-Signs With Warriors
As he dribbled over the half court line, it became clear that Green had no real plan on what he was going to do with the ball. Durant was furious Green didn't pass to him, and Green wasn't pleased with the tone and confrontation.

Michael Avenatti was just arrested and faces charges of domestic violence
She says not only was she not injured and not at his apartment, she has never known him to be physically violent. Vermont Democrats have canceled events with Michael Avenatti in wake of the Stormy Daniels lawyer's arrest.

Speakers warn against needless use of antibiotics
This helps prevent antimicrobial resistance from forming and keeps antibiotics working, for humans and animals alike. I think there is a misconception that scientists will somehow "solve" resistance, by inventing a new antibiotic.

Stan Lee, the mastermind behind Marvel Comics, passes away at 95
The actor took to Twitter to slam the celebrities, from Chris Evans to Millie Bobby Brown , who shared a selfie alongside Lee. The comic book legend, who famously created numerous Marvel Universe's beloved superheroes, died on Monday at 95 years old.

Ten Quickfire Conclusions As Excellent City Beat United To Go Top
City are doing everything right, on the pitch at least, while United continue to flounder in search of a way forward. In truth, it was Ederson who handed them the initiative with a poor challenge to give United a penalty kick.

Fears for Russian Federation probe as Trump fires Jeff Sessions
Trump named Whitaker to the acting position on Wednesday after abruptly forcing out Attorney General Jeff Sessions . Healey said in a tweet that a U.S. attorney general "must lead an empowered and independent Department of Justice".

Tens of Thousands Evacuate as Wildfires Char California Towns
The state's most destructive fire in at least a century has burned down more than 6,700 buildings, nearly all of them homes. In the video posted to Facebook, two people are seen in a vehicle trying to escape a barrage of flames licking the road.

A phone and a tablet- Samsung reveals foldable smartphone
Developers can build and launch on the platform, as well as easily integrate cloud-connected, Zigbee and Z-Wave devices. Normally, one doesn't think of Samsung as necessarily being a haven for the worldwide development community.

Lindsey Graham: No 'Holy Hell to Pay' for Sessions Firing
US Attorney General Jeff Sessions has endured more than a year of criticism from Donald Trump over the Mueller inquiry. Department of Justice and headed by former FBI director Robert Mueller ", said the organizers in a release.

Uganda vaccinates at-risk health workers as Ebola spreads in Congo
This preventive exercise has begun in the Ntoroko district which is located in central Africa . He assured of its potency and ability to protect them effectively.

Florida Governor's Race Poised for Mandatory Recount
In Georgia, the race for governor is too close to call, but Republican candidate Brian Kemp holds a narrow lead. The DeSantis-Gillum campaign was among the most closely watched in the country this midterm election season.

'Breaking Bad' movie to start filming this month
However, an unnamed source close to the production has allegedly confirmed that the film is in fact Breaking Bad . Breaking Bad filmed in New Mexico for six years, and Better Call Saul had filmed there as well.

Early in-person voting tops 2M in North Carolina
The Illinois State Board of Elections says almost 840,000 early votes had been cast statewide as of late Wednesday. For the record, those latter groups account for about 23 percent of the ballots in party registration states.

Apple falls below $1tn despite revenue and profit rise
Apple fetched an average of $793 per iPhone in the quarter, up 28 percent from the same time a year ago . The sell-off accelerated after Apple said it would stop disclosing the number of units sold.