Talks with China productive

18 Août, 2019, 09:29 | Auteur: Auguste Feret
  • Talks with China productive

On August 1, Trump had announced that he would impose a 10 per cent tariff on the remaining United States dollars 300 billion worth of untaxed imports from China, which came after trade talks between the two sides were held in Shanghai.

"September, the meeting is still on as I understand it, but I think more importantly than September, we're talking by phone, and we're having very productive talks", Mr Trump told reporters in New Jersey.

Australian shares are set to rebound this morning after US President Donald Trump backed off his plan to impose further tariffs on some Chinese goods from September 1.

China will take "necessary action" to counter the USA tariffs on China-made goods, the Ministry said Thursday, stressing that new restrictions would "violate a consensus" reached by Presidents Xi Jinping and Donald Trump on ending the trade war.

Most investors and analysts think the trade war will persist for a long while but President Trump tweeted that it would "fairly short" and that talks with China were on track to resume next months.

"We had a couple of bad days but ... we're going to have some very good days because we had to take on China", he told WGIR.

China responded by saying that they do not want external advice on how to deal with Hong Kong.

"I think a word to describe it is nervous", said Gary Joiner, a spokesman for the Texas Farm Bureau.

In a separate statement, a Chinese foreign ministry spokeswoman, Hua Chunying, said, "We hope the USA will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka".

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"We hope the U.S. will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka", a ministry spokeswoman said.

She said China hopes to find mutually acceptable solutions through dialogue and consultation on the basis of equality and mutual respect. "Otherwise, what's the goal?" Now, at some point, they may have to pay something.

The comment was made by the head of China's Customs Tariff Commission of the State Council on Thursday. "Otherwise, what's the goal?" he said in an interview on New Hampshire radio station WGIR.

China will resolutely counter any provocation to the end, the Communist Party's official People's Daily wrote in a commentary on Friday.

The reason Trump seems to be so adamant about the success of the trade talks is that he has been discussing Hong Kong with Xi lately.

The Trump administration has maintained that the import taxes are being levied in reaction to China's trade policies.

He said the partial delay to Dec 15 for about half the list was aimed at sparing retailers and consumers pain during the Christmas selling season.

This means everything that China sells to the USA, including clothes and iPhones to chemicals and construction equipment, will have levies of between 10 and 25 per cent on them starting from September 1, escalating the trade tensions between the world's two largest economies. This article is strictly for informational purposes only. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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