China trade talks conclude with signs of progress made

China trade talks conclude with signs of progress made

Trump said the US tariffs had hurt China.

U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump's national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018.

"We are moving towards a more balanced and reciprocal trade agreement with China", she said, adding that no one knows yet what that agreement will look like or when it will be ready.

"The U.S. feels uncomfortable with China's rapid development, and can't adapt to its own declining influence", wrote Chen Yonglong in the state-run China Daily. As producers say they won't let oil stockpiles exceed normal levels, fears of a slowdown in demand is abating as trade tensions ease between the world's top-two economies.

The two sides held intense discussion at the vice ministerial level from Monday to Wednesday in Beijing.

"The talks also focused on China's pledge to purchase a substantial amount of agricultural, energy and manufactured goods, and other products and services from the United States".

As the talks began Monday at the Chinese Commerce Ministry, Beijing complained about a US warship in what it said were Chinese waters, but it was unclear whether that would disrupt the proceedings. But aside from some soybean purchases, there has been little sign of big-ticket acquisitions.

PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the USA soybean market from the tariff tensions with China.

With the clock ticking down to March 1, when the 90-day trade truce expires, the tug-of-war within the Trump administration over what would constitute success may be even more important than talks with the Chinese.

President Donald Trump expressed optimism that U.S. -Chinese relations for years.

For their part, Chinese officials are unhappy with US curbs on exports of "dual use" technology with possible military applications.

Trump has said he would increase those duties to 25 percent from 10 percent if no deal is reached by March 2, and has threatened to tax all imports from China if it fails to cede to USA demands.

Global Times editor Hu Xijin said that of the issues raised, the trade imbalance problem was "solved most smoothly".

"Asian stocks jumped after trade talks were extended for an unscheduled third day, fueling hopes that the world's two largest economies may soon reach a trade deal, putting an end to months of tariffs on each other's goods", reports NPR's Shanghai-based correspondent Rob Schmitz.

Companies in both countries are feeling the pain from the effects of the trade dispute. However, they appear to be at wide odds over contentious issues, including intellectual property protection.

It also said Washington and Beijing have discussed the need for the agreement "to provide for complete implementation, subject to on-going verification and effective enforcement".

Oil's eight-day gain through Wednesday marked its longest advance since mid-2017, reflecting a return of economic optimism as the USA and China worked on resolving their trade dispute and the Organization of Petroleum Exporting Countries began production cuts.

"I think that China is actually much easier to deal with than the opposition party", he said. If no deal were reached and USA tariffs were raised as threatened on March 2, Chinese growth would be hard hit.

White House Press Secretary Sarah Sanders told Fox Business Network the administration expects the ongoing negotiations to prove fruitful and that the administration's complaints about Chinese theft of US intellectual property were "top of mind" in the negotiations with Beijing.

Related news:

Hot News

isis-killer-beheading-video-story-top 'Suspicious packages' found at Melbourne, Canberra consulates
Jan 10, 2019 - 00:48
A spokesman for the US Mission Australia , on behalf of the US Consulate General in Melbourne , said: "We can confirm the U.S. The Metropolitan Fire Brigade (MFB) said it was assisting the Australian Federal Police at embassies across Melbourne.

isis-killer-beheading-video-story-top $10 million in Monero [XMR] demanded by kidnappers as ransom in Norway
Jan 10, 2019 - 00:42
Police believe she disappeared from the couple's home, some 31 miles from the Swedish border. Broeske said they were working with Europol and Interpol on the case.

isis-killer-beheading-video-story-top Up to £800bn in assets leave United Kingdom on Brexit fears
Jan 09, 2019 - 01:26
Britain's divorce deal with Brussels is the only deal on the table and can not be renegotiated, an EU Commission spokesperson said Monday.

isis-killer-beheading-video-story-top Kevin Spacey expected in court Monday to face sex assault charges
Jan 08, 2019 - 01:18
Actor Kevin Spacey appeared in Nantucket District Court in Nantucket, Mass ., where he faces a sexual assault charge. The civil attorney for the accuser said in a statement ahead of the hearing that his client is "leading by example".

isis-killer-beheading-video-story-top ‘Serial child rapist’: John Legend unleashes on RnB star R Kelly
Jan 07, 2019 - 00:15
In the early '90s, Smith says that Kelly entered his hotel room completely naked and exposed his butt to him. Despite all the rumors, Smith claims that he never saw anything sexual happen between Kelly and Aaliyah .

isis-killer-beheading-video-story-top US House passes bills that would end gov't shutdown
Jan 07, 2019 - 00:04
Democrats also approved, 241-190, a separate measure funding the Agriculture, Interior and other departments through September 30. Collins, a senior member of the Appropriations Committee, also indicated support for an element of the Democrats' approach.

isis-killer-beheading-video-story-top China has detained 13 Canadians since Huawei CFO arrest
Jan 07, 2019 - 00:02
As for the suggestion that Kovrig did anything to undermine China's national security, Malley said those accusations are false. It also adds that USA citizens have been detained for years and subjected to harassment while under an exit ban.

isis-killer-beheading-video-story-top Paul Pogba could miss Manchester United's FA Cup tie with Reading
Jan 05, 2019 - 00:32
Solskjaer is focusing on FA Cup progress against Reading , who are second from bottom of the Championship. So, Lukaku could get the nod to start in the center forward position.

isis-killer-beheading-video-story-top Latest White House Meeting on Government Shutdown Resolves Nothing
Jan 04, 2019 - 05:23
Following their inconclusive Situation Room meeting, Congressional leaders and Trump agreed to meet again on Friday. "I said, Mr. President, Give me one good reason why you should continue your shutdown", Senate Minority Leader Chuck Schumer said afterward.

isis-killer-beheading-video-story-top China lunar probe sheds light on 'dark' side of the moon
Jan 04, 2019 - 05:23
In the States, NASA has announced its own plans to land astronauts on the moon and eventually colonize Mars in the coming decades. The China National Space Administration agency launched Chang'e-4 in December from its center in Xichang, southwest China .

isis-killer-beheading-video-story-top Netflix's 'Bird Box' Inspired Some Really Gay Memes
Jan 03, 2019 - 00:53
Here are some of the funniest (and gayest!) memes inspired by the movie. "The only Bird Box challenge that should exist", she wrote.

isis-killer-beheading-video-story-top Elizabeth Warren Launches Exploratory Bid For President In 2020
Jan 01, 2019 - 00:47
Warren grew up in the Central Plains state of Oklahoma, in a family she said lived "on the ragged edge of the middle class". Warren's entrance into the contest to try and challenge President Trump in 2020 is a development he's likely to relish.

isis-killer-beheading-video-story-top White House chief: Trump not building a 'wall'
Jan 01, 2019 - 00:31
Pelosi will lead House Democrats in voting on a bill to reopen the government when they take power in the House on January 3. At least 56% of Americans oppose Trump's border wall idea, according to a Harvard CAPS/Harris poll released on Friday.

isis-killer-beheading-video-story-top Ole Gunnar Solskjaer reprimands Manchester United superstar for arriving late for training
Dec 31, 2018 - 02:09
Only the post then denied Pogba a first ever hat-trick when his low strike from the edge of the box came off the woodwork. One of the requests that Solskjaer made to his players is that they should improve in possession.

isis-killer-beheading-video-story-top U.S. government shutdown to extend to 2019
Dec 31, 2018 - 01:59
No matter which option Pelosi goes with, Trump won't get his $5 billion for the border wall. "They can't", he continued. A previous deal that addressed the status of Dreamers failed to pass as a result of escalating White House demands.