The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table. No deadline was set for progress on a deal, and the world's two largest economies remain at odds over significant parts of an agreement. The last major round of talks collapsed in May. Financial markets, which have been rattled by the nearly year-long trade war, are likely to cheer the truce. Washington and Beijing have slapped tariffs on billions of dollars of each other's imports, stoking fears of a wider global trade war. Those tariffs remain in place while negotiations resume. "We're right back on track," Trump told reporters after an 80-minute meeting with Chinese President Xi Jinping at a summit of leaders of the Group of 20 (G20) major … [Read more...] about Trump: China Trade Talks ‘Back on Track,’ New Tariffs on Hold
Department fair trading
Trump Defends Tough Trade Policies to Farmers, Vows Fair Deal with China
President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers, a key constituency that has struggled because of his trade war with China, and promised fair trade deals that will put America's rural heartland back on its feet. "We've taken the toughest ever actions to address China's unfair trade practices," Trump told farmers in New Orleans at the American Farm Bureau Federation annual convention, an event he attended for the second year in a row as a partial government shutdown in Washington dragged into its 24th day. U.S. farmers, numbering some 3.2 million, have been reliable Trump supporters, despite struggling financially since Beijing imposed a tariff on imports of U.S. soybeans in July in retaliation for Trump's tariffs on Chinese goods. "With China, every year for many years we're losing $375 billion. We're working on that very strong. You see what's going on. Doing very well," Trump said, without providing any specific details on the … [Read more...] about Trump Defends Tough Trade Policies to Farmers, Vows Fair Deal with China
Farmers Mock Donald Trump’s Paltry Aid Payments Over China Trade War, Wonder Why He Even Bothered
U.S. International Affairs Donald Trump Corn farmers in the Midwest have mocked the minuscule amount of aid they will receive from the federal government as compensation for their losses due to President Donald Trump’s ongoing trade war with China. Rob Sharkey, a fifth-generation farmer in Illinois, told Reuters that he and his wife hope they may get enough cash to purchase a margarita machine they’ve been eyeing, but he doubts they’ll have extra to cover the liquor. Bob Hemesath, a corn farmer in Iowa, quipped that he may be able to afford more upscale coffee from downtown instead of the cheap gas station brew he normally drinks. “You have to wonder why Washington even bothered” with subsidizing corn, Sharkey said. Corn is displayed for judging at the Cedar County Fair in Tipton, Iowa, on July 13. Scott Olson/Getty Images Trade tensions have soared between Washington and Beijing since last summer, when Trump announced new tariffs on $50 … [Read more...] about Farmers Mock Donald Trump’s Paltry Aid Payments Over China Trade War, Wonder Why He Even Bothered
Trump’s Trade War Prompts Fight Among Top Economic Advisers
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Trump’s Trade War Prompts Fight Among Top Economic Advisers Supported by ByAlan Rappeport and Glenn Thrush Nov. 13, 2018 WASHINGTON — President Trump’s trade war is stoking an internal fight among his top economic advisers, with officials sparring both publicly and behind the scenes over the White House’s approach to dealing with China, the European Union and other trading partners. The disagreements spilled into view on Tuesday as Larry Kudlow, the director of the National Economic Council, accused Peter Navarro, a top trade adviser, of doing the president “a great disservice” by making hawkish comments about trade talks with China. Mr. Kudlow said Mr. Navarro’s speech last week — which included a prediction that Mr. Trump would have the … [Read more...] about Trump’s Trade War Prompts Fight Among Top Economic Advisers
U.S. VP Pence pushes Japan for bilateral free trade agreement
By Tim Kelly and Linda Sieg TOKYO (Reuters) - U.S. Vice President Mike Pence, keeping up pressure on Japan to cut its trade surplus with the United States, said on Tuesday American goods and services too often faced barriers in Japan and a bilateral trade agreement offered the best way forward. Speaking to reporters after talks with Japanese Prime Minister Shinzo Abe, Pence also said that sanctions on Pyongyang would remain in full force until a fully verified denuclearisation of North Korea was achieved. "The United States has had a trade imbalance with Japan for too long. American products and services too often face barriers to compete fairly in Japanese markets," Pence said at a joint media appearance with Abe. "The best opportunity for free, fair and reciprocal trade will come in a bilateral trade agreement," he added. U.S. President Donald Trump has criticized Japan over trade, asserting that Tokyo treats the United States unfairly by shipping millions of cars to North America … [Read more...] about U.S. VP Pence pushes Japan for bilateral free trade agreement