China To End Anti-Dumping Probe Into US Sorghum Amid Trade Talks

China To End Anti-Dumping Probe Into US Sorghum Amid Trade Talks

China abruptly terminated an anti-dumping probe into imported US sorghum on Friday, a signal that Beijing is trying to lower tensions with Washington as the latter seeks a more balanced trade relationship.

China is stepping up its efforts to avoid a trade war with the United States.

The Ministry of Commerce said it was terminating (link in Chinese) the probe after receiving comments from the Chinese livestock industry saying the anti-dumping measures would be likely to push up costs, which would then be passed on to the public.

A high-level Chinese delegation led by Vice Premier Liu He is now in Washington for trade negotiations with the US.

The top-line number in the Chinese offer would largely match a request presented to Chinese officials by Trump administration officials in Beijing two weeks ago.

"Chinese negotiators are preparing to offer the administration a deal to buy up to Dollars 200 billion worth of American goods, which would allow Trump to claim victory in his campaign to reduce the trade deficit with China and rebalance America's trade relationship with its biggest economic rival, according to people briefed on the deliberations", The New York Times reported.

"That could theoretically reduce its trade surplus with the United States - which hit Dollars 372.5 billion previous year - by up to Dollars 200 billion, though the real number would most likely be lower", it said. It's also not certain the U.S. economy could easily step in to supply the kind of machinery China needs.

In Beijing, the commerce ministry said Thursday that China hoped the two sides could resolve the trade frictions during the latest talks.

The United States' two biggest exports to China were aircraft at $16 billion past year, and soybeans, at $12 billion.

"China wants it to just be about the trade deficit".

Agreeing to a deal focused primarily on reducing the trade deficit could also weaken Trump's original tariff goal of pressuring China to end policies that his administration says are aimed at misappropriating USA technology - a bigger structural change for China's state-driven economic model. "They want it to be a numbers issue", Wolf said.

It's also unclear what the Chinese government is asking for in return.

Trump said he agreed to Xi's request to look into the matter and that ZTE bought a lot of components from US companies. "Hopefully, China will be happy, I think we'll be happy", Trump said.

China and the USA have imposed - or threatened to impose - tariffs on various goods, in what observers warn could escalate into a larger trade war. Beijing has threatened equal retaliation, including tariffs on some of its largest US imports, including aircraft, soybeans and autos.



Related Posts

Jethmalani moves SC against Karnataka Guv's decision inviting BJP to form govt
Venugopal said: "we don't know what happened in exchanges between Governor and Yeddyurappa, or what he has said in his letter". Congress sources say that the party is looking at shifting their MLAs to Kerala, however, a decision is yet to be taken .

Maurizio Sarri in talks about Napoli contract extension
However, the Italian has ruled himself out of contention for either position out of loyalty to his current employers. Chelsea will have to look elsewhere in our hunt for a new manager.

Gary Anderson Claimed His First Coral UK Open Title
A Few Information About Gary Anderson Gary Anderson is a professional darts player who was born in 1970 in Musselburgh. He’s 24 years younger than Gary Anderson, so we can agree that the experience made the difference in this case.

Top Resources for NAHQ CPHQ Exam
This is why it is highly crucial that you go through the exam content outline or exam objectives before you start your study. You don’t need to buy these guides; having one of them is enough to give you all you need to prepare for your test.

Next Star Wars spinoff blockbuster will be about Obi-Wan Kenobi
We already know " Solo " is created to start a new franchise and that Alden Ehrenreich signed a three-picture deal with Lucasfilm. However, tensions are rising between local farmers and a tribe of sand-people, headed up by a ruthless war-chief.

Congress divided minority votes, benefited BJP - Mayawati
She called the recent developments in the state a "conspiracy" to destroy the Constitution drafted by BR Ambedkar . The party has announced that it will continue the alliance with JD (S) in the 2019 Lok Sabha elections.

Egypt Promises Deeper Ties With Ethiopia to Overcome Differences
The country remains under a state of emergency imposed in February, a day after Prime Minister Hailemariam Desalegn resigned. The company has been in negotiations with regional authorities over creating more jobs at the plant, according to Reuters .

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

Ubisoft delays Skull and Bones to 2019
Additionally, back catalog games made up 47.7 percent of total sales in the 2017-2018 fiscal year, versus 44.5 percent the year prior.

Pep Guardiola Signs Contract Extension At Manchester City Until 2021
I am very much looking forward to the continued impact of his work and to fulfilling our shared ambitions in the coming seasons. After taking a sabbatical, Guardiola took charge of Bayern and won the Bundesliga in each of his three years.

© 2015 ExpressNewsline. All Rights reserved.