US, China to meet Thursday to overcome tariff war

US-China trade talks to resume amid fraught ties and low expectations

Now, it appears, Beijing and Washington are working to craft a ceasefire that would stave off higher tariffs on $250 billion of Chinese imports on October 15 and $150 billion in December.

"Big day of negotiations with China", he tweeted. "I meet with the Vice Premier tomorrow at The White House".

'A China mini deal?' Senate Minority Leader Chuck Schumer, D-N.Y., tweeted Friday.

Even a partial win would be a boon for Trump, who faces an impeachment firestorm and stinging criticism in Congress for his treatment of Kurdish allies in Syria, only the latest episodes of the White House's perpetual turmoil.

A Chinese state newspaper said on Friday that a "partial" trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing's aim of cooling the row before more us tariffs kick in.

Trump is set to increase the tariff rate on $250bn worth of Chinese goods to 30 percent from 25 percent next Tuesday.

Officials familiar with the talks say possible outcomes will likely fall short of a sweeping, comprehensive trade deal that Trump has called for. "And we've made some changes on our side too that will help the Chinese".

Trade negotiations between the United States and China resumed on Thursday for the first time since July 2019.

"Some sort of agreement towards currency is fine but it would not get us anywhere near from where we started this issue", Pavlik said.

Protests in Hong Kong have also bumped up against the trade talks, with China lashing out against Western brands and businesses expressing support for the pro-democracy marches.

Climate activist climbs on top of plane during protests at London airport
In London , a climate change activist scaled a British Airways plane at London City Airport. The environmental protests have been taking place in cities around the world .

Thursday's talks kicked off amid a backdrop of renewed tensions, as the United States blacklisted 28 Chinese entities over human rights concerns.

Beijing previously said it would further open up its financial sector on its own terms and at its own pace.

China is willing to bump up purchases of United States farm exports and make other concessions but will stop short of addressing Trump's core grievances, according to Bloomberg and The Financial Times.

China in recent weeks had already discussed buying more USA products such as soybeans, pork and wheat.

The tentative agreement, however, falls short of a broader agreement addressing the most significant USA concerns over China's state-run economy that sparked the trade fight.

Just since Monday, Washington has imposed visa restrictions on senior Chinese officials and blacklisted more than two dozen Chinese firms, accusing them of persecuting ethnic Uighur Muslims in China's western Xinjiang region.

On Tuesday, the US government widened its trade blacklist to include Chinese public security bureaus and some of China's top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities.

The negotiations were the "only window" to end deteriorating relations, it added.

Mr. Trump, speaking from the Oval Office, said the two sides had reached a verbal "phase one" agreement that would take several weeks to write and could be signed by both sides in November.

Such wildly shifting expectations have been a persistent feature of the trade war, and observers remained cautious over what might emerge from this week's talks. "They want to make a deal, but do I?"

Related News:



Most liked

Andy Murray lashes out in fiery Shanghai Open defeat to Fabio Fognini
Defending champion Djokovic , who won the Japan Open last week, has not dropped a set in seven matches since injury forced him out of the US Open .

OnePlus CEO Teases 7T McLaren Edition Via Twitter
On the OnePlus 7T Pro , the company has introduced a new macro mode, better video stabilisation and more portrait options. OnePlus just announced the OnePlus 7T Pro at an event in London, making the 7T line more than just a single phone.

Strong smartphone sales raise hopes of Samsung turnaround
Samsung also expect sales to decline in the quarter to £42.3 billion, down from £44.6 billion for the same period a year ago . The company will release more detailed quarterly earnings later this month.

Iranian Women Finally Allowed to Officially Attend Soccer Match after 40 Years
She told news service AFP that she last stepped into Azadi stadium about 25 years ago with her father. For the first time in nearly four decades, women will be allowed to buy tickets and attend a match.

End of iTunes Road For Apple Mac Users
The functionality is mostly there, but some features are missing and there are complaints about the style of the resulting apps. Even if the laptop is offline and sleeping, it can send out Bluetooth signals that can be picked up by other Apple devices.

Judge orders Trump to hand over tax returns
The judge's ruling marked the latest in a string of setbacks for the president in the past couple of weeks. And if the public ever gets a look at Trump's returns, they'll see in vivid detail exactly how it works.

Twitter Apologizes for Using Your Phone Number for Advertising
When users and companies promote sponsored tweets on Twitter , they can filter an ad's audience based on a series of criteria. In its statement, the company said that it " cannot say with certainty how many people were impacted by this".

Microsoft To Do gains dark theme support on iOS 13 and iPadOS
Google has chose to offer a dark gray background, and combine that with shades of gray and white colors for its apps. We're not complaining, but it would have been nice to be able to switch it on and off directly from within the app.

Nobel prize in physics awarded for research on cosmology and exoplanets
Next, their work showed how HIF is constantly being made by cells but is also constantly destroyed when oxygen levels are regular. The lingering HIF then triggers the growth of new blood vessels and other processes that restore a healthy oxygen supply.

Climate protests block roads across Europe
More than 20 people have been arrested in London in connection with the protests, the Metropolitan Police said on Monday. The group took to the streets in the British capital on Monday morning as part of a fresh "international rebellion".

White House Announces Turkey Will Soon Invade Syria
SDF spokesman Kino Gabriel said on October 7 that the group had been " stabbed in the back " by the "surprise" USA statement. The Kurds have been a key ally for the United States in its campaign against the Islamic State militant group in Syria.

President Donald Trump Tweetstorm - The Saturday Edition
There is no evidence of wrongdoing in Ukraine by Joe or Hunter Biden. Phillips, a founding partner of Phillips & Cohen and former U.S. Zaid, P.C.as they spotlight whistleblowers.

Shocking moment a large deer bursts through the window of a salon
The deer then pushes open the door with its head and makes it way back into the wild with a flat iron attached to its antler. The woman on the couch who was grazed by the deer was taken to the hospital with minor leg and neck pains.

Elizabeth Warren fires top aide for 'inappropriate behavior'
Bernie Sanders , I-Vt., speaks about his "Medicare for All" proposal at George Washington University in Washington. Say 'woo-hoo!' (quietly, if you need to, depending on where you're reading this)".

De Bruyne out of Manchester City's clash with Wolves
Wolves shocked champions Manchester City 2-0 at the Etihad. "It was not our best day". They didn't drop points [due to] many circumstances.