President Trump: 'No interest' in renegotiating Phase One trade deal with China

Chinese investment in US drops to lowest level since 2009

Chinese investment in US drops to lowest level since 2009

China on Monday threatened to retaliate against a USA rule that tightening visa restrictions on Chinese journalists, in an escalating row after Beijing expelled more than a dozen American reporters.

U.S. President Donald Trump said on Monday (May 11) he opposed renegotiating the U.S. China trade deal.

China's investment in the US peaked in 2016 amid a rush of ambitious overseas deals.

The new guidelines that have been issued by the United States of America now limits the accessibility of Chinese reporters in the U.S. now.

Zhao accused the USA of "suppressing" Chinese media and warned that the latest decision will impose "discriminatory limitations" on journalists.

-China trade deal. While speaking with reporters Monday, he said China would only want to make changes that would benefit them.

"Now it is resorting to discriminatory restrictive visa measures, severely disrupting Chinese media's normal reporting in the U.S. and affecting bilateral people-to-people and cultural exchange, he said".

Last week, Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer held a conference call with China's Vice Premier Liu He to discuss the progress on the implementation of phase one pact.

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"China has shown sincerity in the implementation of the Phase One trade pact", said Global Times, pointing to large purchases of USA pork.

Last week, US and Chinese trade negotiators promised to create "favorable conditions" for carrying out the truce, China's government announced.

China is exempting additional tariffs on USA goods amid tense relations between the two sides.

The government has reserved its most cutting attacks for the Trump administration, which it says is seeking to shift blame to China to divert attention from its own bungling of the pandemic and motivate his base ahead of the November presidential election.

"We are going to have to see what is going on (with the purchases) because of what happened", said Trump.

Tensions between the world's two largest economies re-escalated recently due to China's mishandling of the COVID-19 outbreak and failure to fulfill its purchase targets in the trade agreement.

U.S. -China relations have sunk to a historic low amid the coronavirus pandemic. "They also agreed that in spite of the current global health emergency, both countries fully expect to meet their obligations under the agreement in a timely manner".

But in an annual report, the Foreign Correspondents´ Club of China (FCCC) said at least a dozen correspondents were issued press credentials valid for half a year or less. But it kept in place the 25 per cent import taxes on United States dollars 250 billion worth of Chinese products.

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