USA negotiators in Beijing for trade war talks

Jeannie Matthews
January 8, 2019

"We have firm confidence in the strong long-term fundamentals of the Chinese economy".

Last month, Trump and Chinese leader Xi Jinping agreed to hold off on further tariffs for 90 days, to resolve a range of issues stemming from Beijing's technology policy.

"We have a massive trade negotiation going on with China".

A USA delegation led by Deputy Trade Representative Jeffrey Gerrish arrived in the Chinese capital to start the two-day vice-ministerial level talks over a trade dispute since the beginning of 2018.

This is the first illegal incursion by the United States into the South China Sea this year and it coincides with the renewal of negotiations to solve the economic-trade conflict. "China is the biggest beneficiary of Apple, more than us".

The immediate trade issues would be easiest to tackle, while enforcement issues and structural reforms - such as intellectual property rights and market access - would be more challenging to resolve, he added.

USA officials are meeting with their counterparts in Beijing this week for the first face-to-face talks since Trump and China's President Xi Jinping in December agreed to a 90-day truce in a trade war that has roiled global markets.

The U.S. economy grew at an annual rate of 3.4 percent in the third quarter, and unemployment is at a five-decade low.

These two nations had been locked in a tariff war for much of the 2018, inflicting agonizing wounds and disrupting the flow of hundreds of billions of dollars, while both of the countries had suffered awful, alongside the global economy.

The government has set a growth target of around 6.5pc for 2018, down from 6.9pc in 2017.

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Beijing is prepared to buy more American products, Schmitz told NPR's Steve Inskeep.

This time around, though, the U.S. has sent members of the Office of the U.S. Trade Representative, including Deputy Jeffrey Gerrish, USTR Chief Agricultural Negotiator Gregg Doud, and Ted McKinney, the Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture.

China's foreign ministry said Monday that both sides are expressing a will to work together to push forward a consensus.

US Trade Representative Robert Lighthizer, in charge of the overall talks with China, is expected to meet with Chinese Vice Premier Liu He, Xi's top economic adviser, later this month.

The president has taken heart in China's faltering economy, repeating that it makes Beijing more likely to strike a deal.

Ministry spokesman Lu Kang said Monday during a routine briefing that Chinese military aircraft and naval vessels were dispatched to identify the US vessel and warn it to leave the area near disputed islands in the South China Sea.

"If Beijing had wanted to raise the white flag, it would have done so already", it said.

The Hang Seng index in Hong Kong rose 0.82 per cent, while the Shanghai and Shenzhen exchanges were up 0.72 per cent and 1.71 per cent respectively. Australia's S&P-ASX 200 added 1.1 percent to 5,683.20.

China defends its construction as necessary for self-defense and says that it is rather Washington that is responsible for ratcheting up tensions in the region by sending warships and military plans close to islands Beijing claims.

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