Monday, 18 March, 2019

USA destroyer sails in disputed South China Sea amid trade talks

President Donald Trump speaks in the Rose Garden of the White President Donald Trump speaks in the Rose Garden of the White
Laurie Berry | 07 January, 2019, 19:25

The incident coincided with the start of high-level talks on trade between the USA and China, which kicked off on Monday in Beijing.

The talks have become the very first official contact on trade rivalry since early December, when US President Donald Trump and his Chinese counterpart Xi Jinping agreed to try and settle differences during the G20 summit in Argentina.

China has protested the latest sailing of a USA warship near a group of disputed islands in the South China Sea, the Foreign Ministry said Monday.

"China has the good faith, on the basis of mutual respect and equality, to resolve the bilateral trade frictions", Lu said. "Their economy's not doing well", Trump told reporters at the White House.

In March, when the tariff tit-for-tat was in its infancy, President Trump suggested the USA might impose up to $60 billion worth of tariffs on Chinese goods.

The key will be how seriously Beijing takes the arrival of the working team led by Deputy US Trade Representative Jeffrey Gerrish, who is set to meet mid-level Chinese officials in Beijing.

"I think that gives them a great incentive to negotiate". The U.S.is seeking concessions in Chinese business practices; in exchange it will eliminate tariffs recently imposed on Chinese goods.

Michael Hirson, Asia director at Eurasia Group consultancy and a former US Treasury Department official, said an indicator of real progress this week would be whether the two sides announce a substantive round of negotiations at a more senior level.

Veteran giant Karlovic reaches Pune ATP final at 39
Rosewall is still the oldest Finalist, was drafted in 1977 with 43 years of into the final of the ATP tournament in Hong Kong. Anderson earned three set points by blasting a volley victor from near the net but served a double fault on next point.

Economic data show the Chinese economy has suffered since Trump a year ago slapped stinging tariffs on more than $250 billion in Chinese imports.

The president has taken heart in China's faltering economy, repeating that it makes Beijing more likely to strike a deal. And many large American companies - like Caterpillar, General Motors and Boeing - view China's market as critical to future growth.

"We urge the United States to immediately cease this kind of provocation", he said, adding that China had sent military ships and aircraft to identify and warn off the ship.

Economists say the 90-day postponement of tariff increases that had been meant to take effect January 1 may be too short to settle the disputes bedeviling U.S. Lighthizer is deeply skeptical of Beijing and has warned Trump that the USA may need to exert more pressure through "additional tariffs" to win "true" concessions, The New York Times has reported. Trump wants Beijing to roll back initiatives like "Made in China 2025", which calls for the state-led creation of global competitors in such fields as robotics and artificial intelligence.

Ask if he was happy or concerned about the slowing in the world's second largest economy, Ross said, "Not happy nor guilty".

The ratcheting dispute has pummelled confidence in China, sending the stock markets tumbling while the yuan has fallen against the dollar. American officials worry those might erode United States industrial leadership.

Chinese growth fell to a post-global crisis low of 6.5 percent in the quarter ending in September.

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