Trump says he will meet China Vice-Premier Liu He on Friday

Trump says he will meet China Vice-Premier Liu He on Friday

On Thursday and Friday, Beijing and Washington are set to engage in the next round of trade talks led by Vice-Premier Liu He on the Chinese side and Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin on the USA side.

U.S. duties on $250 billion in Chinese imports are due to rise in five days and there was no hiding the sharp deterioration in relations this week.

Beijing had lowered its expectations for significant progress during this week's trade talks, Chinese government officials told Reuters News Agency, after the United States blacklisted more than two dozen Chinese entities on Monday.

In the past 15 months, steady escalations of the tit-for-tat tariffs on Chinese and USA goods, worth hundreds of billions of dollars, have rattled financial markets and stoked fears of a global recession.

Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.

China is willing to bump up purchases of USA farm exports and make other concessions but will stop short of addressing Trump's core grievances, according to reports from Bloomberg and The Financial Times.

The 15-month-old trade war between Washington and Beijing is dragging down the global economy and threatening to upend decades-old trade systems.

Gronkowski joins FOX Sports as NFL analyst
He is also the NFL's postseason leader among tight ends in catches (81), receiving yards (1,163) and receiving touchdowns (12). Rob Gronkowski is adding yet another new chapter of his life, and it's foobtall-related.

In return, Beijing would expect a pause on planned increases in United States import tariffs, which are now scheduled to increase in waves through December.

China this year balked at Trump's demands for a profound transformation to the way it manages its economy and analysts say Beijing is unlikely to adopt economic reforms that could undermine the Communist Party's political power.

Australian shares are expected to rise modestly due to what investors perceived to be positive signals from high-level US-China trade talks.

"I think both sides are needing to have a win".

"Both sides have been losing, and so has the global economy", said Myron Brilliant, head of worldwide affairs at the US Chamber of Commerce.

Earlier this week, Washington increased pressure on Beijing over its treatment of China's Uighur Muslim minority by announcing commercial and visa restrictions. Those include laws around intellectual property theft and the forced transfer of foreign technology. "They want to make a deal but do I?" he said on Twitter.

Related News:



Most liked

Possible Brexit deal comes in to view
The Irish Times reported there was "very significant movement" from Johnson on the customs issue in Thursday's talks. Officials will also "continue to engage intensively" with each other in the search of resolution.

Two Giuliani Associates at Center of Trump Impeachment Inquiry Have Been Arrested
The subpoenas were issued within hours of the unsealing of an indictment charging Parnas and Fruman with campaign finance crimes. They also said Parnas played a role in a successful effort to have Trump remove the USA ambassador to Ukraine .

Prince Harry, Ed Sheeran team up in World Mental Health Day video
Ed Sheeran and Prince Harry have teased a secret collaboration for World Mental Health Day on Thursday. The "doppelgängers" sit down at a table to discuss why Prince Harry invited Ed over.

Giants’ Saquon Barkley, Sterling Shepard out vs. Patriots
Dorsett's ailment leaves the Patriots with a thin receiving corps for their Week 6 game against the New York Giants . The Giants have been outscored by 28 points this year, almost six points a game.

Carlos Sainz thoughts on Japanese Grand Prix
The Suzuka circuit, which is set to host Sunday's race, is about 300 kilometres south west of Tokyo. Formula One is no stranger to dealing with inclement weather in Japan.

US, Taiwan should sign FTA, Ted Cruz tells Tsai Ing-wen
"As the strategic forefront of the Indo-Pacific region, Taiwan has become the first line of defense for democratic values". Beijing also says Taiwan does not have the right to state-to-state relations and is keen to isolate it diplomatically.

NBC News reporter’s kid wanders onto set during live newscast
Like in that case, reactions to Kube's interruption have been overwhelmingly positive. While Kube was momentarily distracted, she quickly returned to the topic at hand.

Manned SpaceX mission in 2020, says NASA
However he additionally emphasised NASA's concern for astronaut security, saying the timeline may slip. Industry sources suggest the first Starliner manned mission is unlikely to happen before 2020.

Tim Cook defends Apple’s decision to remove Hong Kong protest app
It was Apple's second reversal on HKmap.live, which it initially rejected and then allowed to appear on its App Store. Apple, headquartered in Cupertino, California, also is an important asset for China.

Cuba Gooding Jr arrives at court facing trial in groping case
Bystanders were held back as he exited and Gooding's team did not deliver a statement following his appearance. He faces up to a year in jail if convicted. "There's a tape that shows what really happened", Gooding said.

England players could walk off the pitch if subjected to racist abuse
The 21-year-old said: "If it does get extreme we may have to take a different action. If it persists, the final step can see the match abandoned.

BTS Leaves to Saudi Arabia on Thursday Night
Often a woman's male guardian is her father or husband and in some cases a woman's son. Thus, it wants to give women their rights.

Major League Baseball world reacts to Howie Kendrick’s dramatic NLDS grand slam
Just an incredible meltdown, and to make matters worse, Kenta Maeda came out of the bullpen and struck out the next three batters. Suzuki was replaced in the game by Yan Gomes as the Nationals were trailing 3-1 in the seventh inning.

Iran women freely attend football match
It was the first time such a large number of women were officially allowed attend a game in nearly 40 years. Still, even the limited concessions to female fans resulted in counter protests by Iranian hard-liners.

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.