China repeats demand for rollback of USA tariffs for deal:The Asahi Shimbun

A Chinese woman adjusts a Chinese national flag next to US national flags before a Strategic Dialogue expanded meeting part of the US-China Strategic and Economic Dialogue held at the Diaoyutai State Guesthouse in Beijing

A Chinese woman adjusts a Chinese national flag next to US national flags before a Strategic Dialogue expanded meeting part of the US-China Strategic and Economic Dialogue held at the Diaoyutai State Guesthouse in Beijing

"We have a very strong economy and they have lots of problems", Ross said, pointing to the "hollowing out" of China's supply chain, the country's debt levels and falling consumer confidence. He gave no indication when the deal would be finalized.

Meanwhile, two top USA officials on Monday said a deal could still happen this year depending on China's actions.

China appears to be growing more insistent that the Trump administration surrender to its demands that a so-called phase one trade deal include lifting of tariffs already in place.

"The Chinese are always negotiating. I'm very happy where we are", Trump said as he prepared to depart the White House for a North Atlantic Treaty Organisation summit in London.

The news comes as Beijing and Washington put the final touches to a partial trade deal, the expected passage of which has helped global markets rally for weeks. "We'll see what happens".

Former Malaysian prime minister takes stand in corruption trial
The biggest opened in August, centering on allegations he illicitly obtained over 500 million USA dollars from the fund. Najib arrived at the court in a blue suit and held a brief Muslim prayer with supporters at the building's steps.

Trump last week signed a new law backing protesters in Hong Kong and threatened China with possible sanctions on human rights. Beijing warned it could retaliate.

But White House adviser Kellyanne Conway separately told reporters at the White House on Monday, that the deal was still possible before the end of the year. The U.S. side did not confirm that. "The China-U.S. trade war (was) instigated by the U.S. with tariffs, so the tariffs have to be cut first", the newspaper quoted Wei Jianguo, a former Chinese commerce minister as saying.

"A USA pledge to scrap tariffs scheduled for Dec 15 can not replace the rollbacks of tariffs", the newspaper said in a tweet, referring to an additional round of tariffs on Chinese imports to be implemented in the absence of a trade deal.

"The sooner we can take off those tariffs, the better, (because) some of those adjustments won't have to be undertaken, and we will be able to get back to where we were before", professor of global economics and public policy Alan Deardorff of the University of Michigan Ford School of Public Policy said in a recent interview with Xinhua.

We also reported that one of the only routes to volatility being injected back into markets was a flaring up in trade tensions, particularly on the back of any negative developments.

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