Trump says US-China ties make ‘BIG leap forward’

Adjust Comment Print

In return, China is to purchase "very substantial" amount of agricultural, energy, industrial and other product from the US.

Kim Ji-yeon zooms in on the issue.

Miners, autos, tech, and oil stocks all surged on Monday, driving Europe's main benchmarks up strongly after US and Chinese leaders agreed a temporary truce in an ongoing trade war which has roiled global financial markets.

Tweeting on Sunday night, Trump said: "China has agreed to reduce and remove tariffs on cars coming into China from the U.S. now the tariff is 40pc".

The outcome of the weekend Xi-Trump meeting in Argentina was "as good as we could have expected", the chairman of the American Chamber of Commerce in China, William Zarit, said in a statement.

The two sides also agreed to negotiate during the next 90 days over "structural changes" to China's policies on technology transfers, intellectual property protection, non-tariff barriers, cyberintrusions and cybertheft, services and agriculture.

However, concerns are still hovering over the notion on how the two biggest economies will iron out their differences. including ways to narrow their trade imbalance, as they are already presenting different renderings of their agreement.

As Trump economic advisor Larry Kudlow said ahead of the dinner: "If things don't work out in this US-China summit meeting, he will invoke some 267 billion dollars in additional tariffs".

A Chinese state media report said that the meeting had reached "an important consensus", pointing out "the direction for Sino-US relations in the near future".

Kim Ji-yeon, Arirang News.

"The DEA is hopeful this action taken in China will deliver a major blow to the high volume of fentanyl related overdoses that have occurred in the United States over the last 4-5 years and result in a major decline of such deaths", Patterson says.

Trump's tweet did not give any further detail about the tariff cuts, such as when the deal had been reached or a new level for the Chinese levies.

Xi Jinping
Xi Jinping

"While we hope that talks with China will achieve meaningful results for USA workers, we urge you to not back down for the sake of a weak and meaningless agreement should China fail to make real concessions", the Democrats wrote.

There are also differences in the Chinese and USA accounts of what was agreed.

Trump's G20 summit was overshadowed by his abrupt decision to cancel a meeting with Russian President Vladimir Putin.

"It's 90 days. It's nothing and it doesn't really make any difference".

Carmakers were dealt a blow back in July when they were forced to hike prices after China raised tariffs on United States auto imports to 40 percent. China has retaliated with duties on some $110bn of U.S. goods over the same period.

There was also caution from the USA business community.

The US sent $US10.5 billion worth of new and used cars to China in 2017.

He called on both China and the United States to handle the development of bilateral relations from an overall perspective and push for long-term, healthy and stable development of bilateral ties.

The trade war had been a pall on worldwide markets as the world's two largest economies exchanged rounds of increasingly severe tariffs.

He also said that he was open to ratifying the previously unapproved Qualcomm-NXP deal should it be presented to him once again.

China has hit back with similar tariffs on $110 billion worth of goods made in the US. General Motors manufactures a cross-over SUV in China that it sells in the U.S.

Cui put the odds of an agreement at "higher than 50 per cent" but said he had no idea how long that might take.

Sheryl Sandberg Directly Involved In George Soros Smear Campaign
This news suggests we still may not know Sandberg's real role in the "dark PR" work Facebook was doing in Washington. Definers also helped respond to what Schrage described as unfair claims about the company.

A look at what happened at the G20 summit in Argentina
Kudlow added that if the U.S. doesn't get "satisfactory" responses to its trade positions more tariffs will be imposed. The two were expected to meet Saturday amid a period of increased tensions between China and the United States.

Priyanka, Nick Jonas tie the knot in Jodhpur
And so planning our wedding with an amalgamation of both was so so unbelievable . Priyanka shared photos from her haldi and mehendi ceremonies.

Comments