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

Share
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.

Share

Advertisement

Related Posts

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.

Trump, Uzbekistan president talk Afghanistan
The two leaders affirmed their shared commitment to stability in Afghanistan and continued security cooperation. At the American airport, the head of state was welcomed by the USA officials.

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.

How to work during a trip and all make it up?
In this article, we will share with you a few writing tips: Plan ahead Travel and constant movement exhaust our creative energy. And even better, if you set yourself as a rule not to leave your home until you do the basic business of the day.

Online Casinos that Accept UK Players
Since the UK has grown to become a thriving gambling market, numerous gaming destinations have popped up that provide the service. Since the UK is regarded as the online gaming hub of the world, gamblers in the region are in no short supply of casino options.

Salah's boots join Egyptian exhibit at British Museum
Salah has scored 33 goals in 57 appearances for his country including a crucial double in the win that clinched Egypt's spot in the World Cup.

Ebola outbreak in the Congo spreads to major city, health officials confirm
It can spread rapidly through contact with small amounts of bodily fluid, and its early flu-like symptoms are not always obvious. Oxfam announced Wednesday that it has made available an initial $68,000 (57,000 euros) to fight the spread of the disease.

Barcelona News: Lionel Messi Conveyed through PSG Star Neymar that Real Madrid is a Bombshell
Although they have lost the trophy to Barcelona in 2015 still they have bounced back to win the game in 2016 and 2017. Also, Youri Djorkaeff claims that PSG would definitely scoop the trophy if they could put Madrid to the sword.

The Most Successful X Factor Winners
The song became an instant hit, selling over 1,25 million copies and this in the UK alone, yes , she was the winner of X Factor. M ore recently, “That’s My Goal” reached an outstanding total of 1.12m copies and this just in the UK factor.

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 .

© 2015 ExpressNewsline. All Rights reserved.