[BEIJING/WASHINGTON] US and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war. Read more at The Business Times.
US and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war.[BEIJING/WASHINGTON] US and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war.
Mr Trump and Chinese President Xi Jinping agreed at last month's G20 summit in Osaka, Japan to restart trade talks that stalled in May, after Washington accused Beijing of reneging on major portions of a draft agreement - a collapse in the talks that prompted a steep US tariff hike on US$200 billion of Chinese goods.
Reuters reported last week that despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-US trade relations. Soybeans are the largest US agricultural export to China.
US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will meet with Chinese vice-premier Liu He for two days of talks in Shanghai starting on Tuesday, both sides said. Two sources briefed by senior-level Chinese negotiators ahead of next week's talks said China was still demanding that all US tariffs be removed as one of the conditions for a deal. Beijing is opposed to a phased withdrawal of duties, while US trade officials see tariff removal - and the threat of reinstating them - as leverage for enforcing any agreement.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US 'pressure' tactic on WTO will fail: China state mediaA US threat to pull recognition of China's 'developing nation' status at the World Trade Organisation is a pressure tactic ahead of this week's ...
Read more »
US 'pressure' tactic on WTO will fail: China state mediaA US threat to pull recognition of China's 'developing nation' status at the World Trade Organisation is a pressure tactic ahead of this week's ...
Read more »
China rejects US lawmaker's comments on Hong Kong protests, human rightsBEIJING: China said it strongly opposes what it calls 'erroneous' claims made by Chairman of the US House Committee on Foreign Affairs Eliot ...
Read more »
China rejects US lawmaker's comments on HK protests, human rightsBEIJING (REUTERS) - China said it strongly opposes what it calls 'erroneous' claims made by Chairman of the US House Committee on Foreign Affairs Eliot Engel, who criticised China's Communist Party over its position on protests in Hong Kong.. Read more at straitstimes.com.
Read more »
US teen wins US$3 million at video game tournament Fortnite World CupAmerican teenager Kyle Giersdorf won US$3 million (2.4 million pounds) on Sunday in New York after taking the top prize in a tournament for the ...
Read more »
US teen wins US$3 million at video game tournament Fortnite World CupAmerican teenager Kyle Giersdorf won US$3 million (2.4 million pounds) on Sunday in New York after taking the top prize in a tournament for the ...
Read more »