Saturday, 17 November, 2018

'I Think We'll Make a Deal With China' on Trade

Changing China's economic model might ease external and domestic pressures on the economy Changing China's economic model might ease external and domestic pressures on the economy
Laurie Berry | 03 November, 2018, 23:46

Trump imposed new tariffs on roughly half of Chinese imports this summer, while Beijing fired back with tariffs on most U.S. products. He stressed that the United States has made significant progress in trade with China.

In their May telephone conversation, Xi and Trump set out to resolve their trade disputes, but the talks ended in stalemate and the first tariffs followed just weeks later.

The G20 summit will take place from November 30 to December 1.

"Dollar moderation, the stabilising trade relationship between USA and China and more stimulus from Beijing will be the key ingredients to revive market confidence in Asia. OK, there's no mass movement, there's no huge thing, we're not on the cusp of a deal".

China slapped the import tax on USA beans on July 6 and since then Chinese crushers have been avoiding buying United States beans, which normally supply 35-40% of Chinese global demand.

"I hope teams from both sides can implement the agreements achieved by the two countries' leaders", the spokesperson said.

Blizzard's Loot Goblin amiibo Will Hoard Treasure For You This December
But instead of going with one of the more darkly-themed characters of the game, Blizzard chose to create a Loot Goblin amiibo . As of the writing of this article, the game's cinematic launch trailer has 2k likes and 54k dislikes on YouTube .

In response, "Asian stock markets jumped Friday, reflecting investor relief about upcoming trade talks between China and the US, as well as the dollar's gains against a basket of major currencies including the yen", reports MarketWatch. But most economic and trade analysts say it's unlikely that any deal with China is on the horizon. "Xi said both he and Trump have good visions for a healthy, stable development of the China-US relations as well as expanding economic and trade cooperation, and they should make efforts to realize the wishes", Xinhua said.

"Those discussions are moving along nicely", Trump wrote on Twitter Thursday. It was unclear if Trump was easing up on United States demands that China has resisted.

The major financial headline on Friday is that Trump has asked the cabinet to draft a possible trade deal with China - something that if occurred, would be welcome news for financial markets across the globe.

"He either plans to shove it down Xi Jinping's throat or is simply claiming a deal is forthcoming as a midterm election political stunt".

A key point of contention for the USA has been its allegations that China has engaged in widespread intellectual property theft.

Trump has railed against the US trade imbalance with China since his presidential campaign and his administration has grown increasingly vocal about calling out alleged corporate espionage and intellectual property theft by Chinese entities. And I said, 'You're not ready yet.

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