Sun May 5, 2019, 08:12 PM

China Considers Delaying Next Trade Talks After Trumps Tariff Threat

Bloomberg News
May 5, 2019, 12:21 PM EDT
Updated on May 5, 2019, 8:39 PM EDT

China is considering delaying a trip by its top trade negotiators to Washington this week after President Donald Trump threatened China with steeper tariffs citing slow progress in trade talks that were set to enter the home stretch, according to people familiar with the matter.

Trump on Sunday raised pressure on China to strike a trade deal by announcing he will increase tariffs on $200 billion of Chinese imports to 25 percent from 10 percent on Friday. He also raised the possibility of extending a new 25 percent duty on another $325 billion in imports that aren’t currently covered.

Chinese Vice-Premier Liu He was scheduled to arrive in Washington on May 8 with a delegation of about 100 people for what had been shaping up to be possibly the final round of negotiations. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin visited Beijing last week for talks they described as productive.
People familiar with the negotiations said last week that the U.S. had been targeting May 10 to announce a deal, that would be finalized and signed by Trump and President Xi Jinping later at an official summit.


1 replies, 110 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply China Considers Delaying Next Trade Talks After Trumps Tariff Threat (Original post)
RCW2014 May 2019 OP
uncledad May 2019 #1

Response to RCW2014 (Original post)

Sun May 5, 2019, 10:12 PM

1. We know what happened to that 90 days or else, from 2018.

Came and went.

Iran oil sanctions have restarted which effects China and India. Plus emerging markets.

Neither want to be tied to the Saudi petro dollar supply chain any more than they have to.

The stronger dollar is dragging down the economies of emerging markets and oil is more expensive.

China offered the US the same deal they did with everybody in the TPP.

Plus the EU got a trade deal that's a carbon copy of that agreement.

Reply to this post

Back to top Alert abuse Link here Permalink