Sunday, 17 November, 2019

China made no progress in deputy-level trade talks: Chinese state newspaper

Fox reports that yes,Chinese Trade Team will leave after one day of talks on Thursday Major US-China trade deal remains unlikely as talks resume
Russell Knight | 10 October, 2019, 14:27

US President Donald Trump says his country will raise tariffs on 250-billion dollars' worth of goods from China from the current 25 percent to 30, from October 15th.

Liu is still set to leave on Friday evening, CNBC said, citing a USA official.

China is downplaying expectations for progress on its trade talks with the US, despite President Trump's optimistic remarks on Wednesday.

Commerce Secretary Wilbur Ross said in Sydney on Thursday that the tariffs were working, forcing Beijing to pay attention to US concerns about its trade practices.

Markets saw series of ups and downs on Thursday morning as investors awaited developments in the talks to resolve an ongoing trade war between Washington and Beijing, which are now in their third day.

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According to the Chinese-based media, one of the core issues is "forced technology transfers", a requirement to surrender technologies to Chinese firms imposed on foreign companies wishing to enter China's markets.

"In my opinion China wants to make a deal more than I do", he said.

China lowers expectations for the U.S. FX strategists at DBS, however, said prospects for a trade deal remained dim.

The New York Times newspaper reported that the USA was considering issuing licences to American companies allowing them to supply non-sensitive components to Chinese telecoms giant Huawei.

Other flashpoints that have cropped up in recent days include China's swift action to cut corporate ties to the National Basketball Association over a team official's tweet in support of Hong Kong pro-democracy protesters. A Commerce Department spokesman said the agency has been given no such direction. Articles appear on euronews.com for a limited time.

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