China trade deal 'too hard'

China trade deal 'too hard'

So, say these titans of the worldwide business press, current White House trade policy really means the United States is willing to trade its sovereignty and dignity to China, a nation who sells intellectual property stolen from us to our enemies, in order to "dodge tariff retaliation on the U.S. Farm Belt" that our Tweeter-in-Chief begged for - and got - with his earlier, "misguided" steel tariffs.

He later tweeted that the ZTE talks were "part of a larger trade deal" being negotiated with China. He later added, "they're a start".

LPL Research analyst John Lynch said Monday that emerging market stocks are still more attractive investments than US stocks at today's prices, even with trade war risks looming.

President Trump has proposed a company-saving deal for ZTE - but one that the company's management nevertheless might not like, and which could be blocked by Congress.

However, tensions have eased lately, as Trump instructed the U.S. Commerce Department earlier this month to help Chinese telecom company ZTE - which suspended its main operations after the administration banned U.S. businesses from providing it with supplies - get "back into business, fast".

"Sadly #China is out-negotiating the administration & winning the trade talks right now", Republican Sen.

In some respects, ZTE has been caught in the crossfire of rising trade tension between the United States and China, while the USA is also pushing for China to take a harder line on its close ally North Korea. "We must keep in mind China's long-term strategic approach and their long-term goal of becoming the world's superpower, militarily and economically". Chief Executive Officer Dan DiMicco said in a phone interview on Tuesday.

"We supported Trump in the elections, support a lot of the things he stands for, and we need him to come through on trade like he promised", DiMicco said.

Mnuchin announced Sunday the USA and China had agreed on a "framework" for trade talks, but neither nation provided any details of the agreement.

Still, Treasury Secretary Steven Mnuchin said China had agreed to dramatically increase purchases of United States farm and energy products.

Representatives from both countries also held negotiations earlier this month, with US officials demanding China cuts its trade surplus by $200 billion, lower tariffs and advance technology subsidies.

In Beijing, the Commerce Ministry pledged on Wednesday to work "conscientiously" with Washington ahead of Mr Ross's visit. But Trump said on Tuesday that he had agreed to re-examine the matter as a personal favor to Chinese President Xi Jinping.

Trump said ZTE may instead face a fine of up to $1.3 billion, new management and a new board of directors, though it was not clear whether he had the legal authority to impose new financial penalties. It has led to some Senators questioning why Trump is willing to trade national security for butter. They called ZTE's sanction violations "serial and pre-meditated". A scheduled Ross appearance early May 23 at a Heritage Foundation trade event in Washington was canceled, organizers said.

Trump did not say whether a deal had been struck with China. Concern about harming negotiations over North Korea's nuclear program, in which China plays a pivotal role as the isolated nation's closest ally, has also factored in Trump's decision to hold off on tariffs.

Trump is seeking to win a major deal with Pyongyang to denuclearize and is eyeing a June 12 summit with North Korean leader Kim Jong Un.



Related Posts

Welcome Back! Nike Celebrates Serena Williams' Return With A Special-Edition Blazer
The French Tennis Federation confirmed yesterday that its seedings would be based on the latest WTA rankings. Main-draw action begins Sunday in what would be Williams' first Grand Slam tournament in more than a year.

Why Do NFL Players Kneel During The National Anthem?
The NFL's new national anthem policy will reverberate strongly in the Bay Area, from the sidelines to the concession stands . NFL owners will vote Wednesday morning on a resolution that would change the league's policy on the national anthem.

TN SSLC pass percentage increases in 2018
Almost 1% or 9,402 students have secured about 481 marks, while over 38% students have scored in the range of 301-400 marks. A total of 9,50,397 students had appeared for the SSLC 10th examination out of which 8,97,945 have passed.

Kushner receives permanent security clearance, ending uncertainty over his status
Kushner's application had been beset by multiple revisions and previously undisclosed contacts with foreign individuals. Kushner is cooperating with Mueller's investigation and has turned over all requested information, Lowell said.

Marks & Spencer to close 100 stores by 2022 but none in Ireland
Including the two North East stores, M&S has today announced that 14 stores in total are proposed for closure or set to close. Marks & Spencer is planning to close 100 stores in the UK .

Novelist Philip Roth has died
Roth , however, often demurred when it was suggested that he should be defined as an American Jewish writer. Roth was born in Newark, N.J. and attended Rutgers University and later transferred to Bucknell University.

JJ Watt visits Santa Fe shooting survivors and nurses at hospital
Sadie Rodriguez said Pagourtzis repeatedly made advances toward Fisher in the four months leading up to the shooting. Suburban high schools, in particular, are seen by the middle class as places to accomplish expressive projects.

RBSE Class 12th Science Result 2018 declared, check rajresults
In the science stream, 229,351 students appeared in the exams and out of which 80.46% girls and 67.7% boys got the first division. Students are advised to keep their details like hall ticket or roll number ready so that they can easily access the results.

Police use of Amazon's facial recognition software alarms civil liberties group
In a statement, Amazon said it "requires that customers comply with the law and be responsible" when using its services. Critics have also raised concerns about the accuracy of face recognition systems, especially those used by police .

NYT Columnist Worries Mueller Investigation Actually Helping Trump
But officials have denied the confidential source was somehow embedded within Trump's campaign. We're trying to get clarification from the department", Schiff said.

© 2015 ExpressNewsline. All Rights reserved.