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11
December 2018
 |
China and the United States(The
Total Investment & Insurance Solutions)
China and the United States
discussed a road map for the next stage of their trade talks on Tuesday during
a telephone call as a report that China is moving to cut tariffs on
American-made cars boosted automakers’ shares .
U.S. President Donald Trump and Chinese
President Xi Jinping agreed at a Dec. 1 meeting in Argentina to a truce that
delayed a planned Jan. 1 U.S. increase of tariffs to 25 percent from 10 percent
on $200 billion worth of Chinese goods.
China’s commerce ministry said in a statement
that Vice Premier Liu He had spoken to U.S. Treasury Secretary Steven Mnuchin
and Trade Representative Robert Lighthizer early on Tuesday, Beijing time, on a
prearranged telephone call.
A U.S. Treasury spokesman confirmed that the
call took place, but offered no further details. Meanwhile, automakers’ shares
rose after a Bloomberg report that China is moving to cut import tariffs on American-made
cars to 15 percent from the current 40 percent.The Total Investment & Insurance Solutions
Trump, without providing details, wrote in an
early morning post on Twitter: “Very productive conversations going on with
China! Watch for some important announcements!” The Total Investment & Insurance Solutions
White House adviser Kellyanne Conway welcomed
the auto tariffs report but did not confirm it. “It’s really great news, and I
hope our friends in the auto industry see it that way as well,” she told
reporters at the White House.
The U.S. Trade Representative’s office did
not immediately respond to a query about the call with the Chinese. The Total Investment & Insurance
Solutions
China’s commerce ministry said, “Both sides
exchanged views on putting into effect the consensus reached by the two
countries’ leaders at their meeting, and pushing forward the timetable and road
map for the next stage of economic and trade consultations work.”
Lighthizer said on Sunday that unless
U.S.-China trade talks wrapped up successfully by March 1, new tariffs would be
imposed, clarifying there was a “hard deadline” after a week of seeming
confusion among Trump and his advisers.
The Total Investment & Insurance Solutions
The Wall Street Journal, citing people
familiar with the issue, said Liu planned to go to Washington after the new
year. The Total Investment &
Insurance Solutions
The Harvard-educated Liu, Xi’s top economic
adviser, is leading the talks on the Chinese side. The Total Investment & Insurance Solutions
In comments reported separately by China’s
foreign ministry, the government’s top diplomat, State Councillor Wang Yi said,
“If China and the United States are antagonistic, then there are no winners,
and it will hurt the whole world.
The United States should look at China’s
development in a more positive light, and constantly look to “expand the space
and prospects for mutual benefit,” he told a forum. The Total Investment & Insurance Solutions
Some global financial markets have been jittery about the clash between the
world’s two largest economic powers over China’s huge trade surplus with the
United States and Washington’s claims that Beijing is stealing intellectual
property and technology. The Total
Investment & Insurance Solutions
The recent arrest in Canada of a top
executive at China’s Huawei Technologies Co Ltd [HWT.UL] has also roiled many
world markets amid fears it could further inflame the China-U.S. trade row.
Hours before a bail hearing in the case, a former Canadian diplomat was
detained in China, two sources said on Tuesday.The Total Investment & Insurance Solutions
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