President Trump threatens to get 'Much Tougher' on China

“My team is negotiating with them now but they always change the deal in the end to their benefit,” Trump tweeted. — AFP  File

“My team is negotiating with them now but they always change the deal in the end to their benefit,” Trump tweeted. — AFP File

The trade war between the world's two largest economies has disrupted global supply chains and shaken financial markets as each side has slapped tariffs on billions of dollars of each other's goods. Mr. Trump has raised tariffs on $250 billion worth of Chinese imports while Beijing responded by taxing $110 billion of US products.

Despite the lack of progress, . there's hope for some kind of breakthrough on Wednesday when more formal talks take place at a government guesthouse in Shanghai. That's a reference to Democratic presidential candidate, former Vice President Joe Biden.

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands and exchanged pleasantries with Vice Premier Liu He on July 31 morning.

Negotiators also discussed "the issue of China increasing its purchases of USA agricultural products according to its domestic needs" and the U.S. creating "favourable conditions for these purchases", Xinhua said. "That is the problem with China, they just don't come through", Trump wrote on Twitter.

President Trump suggested Tuesday that Beijing was hoping to delay a deal until after the U.S. presidential election in November 2020, saying China wanted to see if a Democratic opponent wins the vote so it could "continue to rip off the USA". "So we ought to stress the positive thing and that's the possibility of an agreement". Trump has said that Huawei could be a bargaining chip in the trade dispute.

"I believe the United States should show more sincerity and good faith when it comes to trade negotiations".

"The US central bank (is) expected to cut rates for the first time in a decade, but given the high expectations amongst market participants there is plenty of scope to disappoint", said XTB analyst David Cheetham.

The good news here perhaps is the fact that we had Apple's latest earnings for the quarter ending in June topping estimates while guidance had also beat expectations.

The Walking Dead New Series Teases Places We Haven't Seen
Produced and distributed by AMC Studios, the yet-untitled series will premiere on AMC in the spring. The big secret is that there have been other civilizations that survived the apocalypse...

"I spoke with Speaker Pelosi about it and I believe she wants to get to yes", Grassley said.

US President Donald Trump speaks to the news media after returning from a quick trip to Williamsburg, Virginia, in Washington, US, July 30, 2019.

"Increasing number of U.S. business hope they can supply parts to Huawei". Therefore it's free to target specific segments of the American economy that are generally most favorable toward Trump in an attempt to threaten him into backing off his effective tariff pressure. "We have all the cards, our past leaders never got it!" he added.

The United States and China ended their first face-to-face talks since last month's improvement in relations.

Dodson criticized Trump for miscalculating China's response to the trade and tariff war, saying that the giant soybean consumer lost no time in turning to other markets such as Russia, Brazil, and Kazakhstan to meet its needs.

"Wall Street bankers also hope to invest more in China".

State news agency Xinhua admitted in a commentary the day the trade officials arrived in China that relations were "strained" and called for the U.S. to "treat China with due respect if it wants a trade deal".

In addition to buying more agricultural products, Beijing may also promise to change some of its regulations to make it easier for foreign businesses to operate in the country, according to Pang Zhongying, an worldwide relations expert with Ocean University of China.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.