Chinese and US authorities have released conflicting statements on rolling back tariffs as part of a new trade deal that aims to end the trade dispute that started between the two nations in mid-2018. Chinese Commerce Ministry spokesman Gao Feng last week said the two countries had "agreed to cancel the tariff increase in stages" but this statement was contradicted by US President Donald Trump on Friday, who told reporters that: "They'd [China] like to have a rollback but I've not agreed to anything." The details of any agreement will likely be influenced by the upcoming US presidential election, with Americans set to head to the polls in less than a year. Trump has made confronting China a signature issue for his re-election campaign. Prior to Friday's comments, Trump and his negotiators had been quiet on the details of the negotiations. Trump has repeatedly stated that he is confident that the deal will benefit American economic interests, especially in regards to … [Read more...] about Tariffs the sticking point in US-China trade negotiations
U s beef exports to china
"Soybeans are a very popular crop in China. The Chinese market is huge as they import about 95 million tonnes of soybeans annually, including 30 million tonnes from the United States," Medvedev said. Given the current trade problems that have arisen between China and the United States, a certain part of the soybean trade has remained unfulfilled. READ MORE: China Unveils New Animal Feed Rules to Reduce Soybean Imports Amid Trade War The official also noted that Moscow has agreed with Chinese partners "to be more actively present in this segment [of trade]", which provides Russia with "a good opportunity, on the one hand, to enter the Chinese market with our products, including soybeans, and, on the other hand, to increase the production of soybeans in our country, specifically in the Far East because this is the region where soybeans are grown." © REUTERS / Leah MillisAnalyst … [Read more...] about Russia May Partially Replace US in Soybean Exports to China Amid Trade War – PM
"The bilateral trade between Russia and China might surpass $100 billion in 2018, according to the data of the Chinese General Administration of Customs. In the first four months of this year, the trade between China and Russia totaled $31.2 billion, which is a nearly 30 percent increase, compared to the corresponding period in 2017… The consistent stabilization of the Russian economy and growth of market demand are among the main reasons for this," Gao said. READ MORE: Chinese Premier Believes Trade With Russia Can Reach $100Bln According to Gao, China's exports to Russia increased by 21.1 percent in January-April year-on-year. The spokesman also noted the expanded Chinese-Russian cooperation in the fields of investment, aerospace, construction, as well as in infrastructure projects. In 2017, trade between China and Russia grew by 20.8 percent in comparison … [Read more...] about China-Russia Trade May Exceed $100Bln Due to Russian Economy’s Recovery – China
US President Donald Trump is set to step up his trade war with Beijing by banning Chinese companies from investing in US technology firms, and by blocking tech exports to China. The Wall Street Journal on Monday cited unnamed White House officials as saying the plan will be announced later this week, to head off China's ambitious plans to close the technology gap with the West in 10 key sectors. Despite US Treasury Secretary Steven Mnuchin later saying the plans were "not specific to China, but to all countries that are trying to steal our technology," the move was widely seen as aimed at Beijing. The Made in China 2025 initiative, which was first unveiled in 2015, seeks to turn the country from the world's factory into a global technology leader, including in biotech, robotics, aerospace and clean-energy cars. Read more: EU firms worried about China's tough business environment, trade tensions Tensions over China's high-tech advance have been building for the past two … [Read more...] about Trump’s China trade dispute: Is it a war for tech supremacy?
For a rising country like China with its sights set on global and regional power, any coming together of the US and India is the worst case scenario, says Srikanth Kondapalli.India and China have always jockeyed for influence in Washington, sometimes against each other. So when President Barack Obama visits New Delhi next week, Beijing is all eyes and ears on what transpires in New Delhi. Already, the first official meeting between Prime Minister Narendra Modi and President Obama last year led to 'great convergence' between the two countries and resulted in an 'Act East' policy and strengthening democracy -- the two red herrings for Beijing. Of course, the Modi-Obama talks will be heavy on issues concerning the bilateral agenda -- civil nuclear technology and commerce, defence sales, climate change, economic, trade and investment issues. But Beijing is wary equally of what is going to be said next week and what subtle signals emerge between the US and India on regional and global … [Read more...] about The China factor in Obama’s visit to New Delhi