WASHINGTON (Reuters) - China's top diplomat Yang Jiechi on Friday told reporters that Beijing's trade war with Washington can be resolved through talks and that any ongoing conflict would hurt both countries as well as the world's larger economy. U.S.-China trade and economic relations are "critical to the world economy," Yang said at a news conference with U.S. Secretary of State Mike Pompeo. While there are differences, "these issues can be resolved through dialogue and consultation. A trade war, instead of leading to any solution, will only end up hurting both sides and the global economy." (Reporting by Idrees Ali, Matt Spetalnick and Doina Chiacu; Writing by Susan Heavey; Editing by James Dalgleish) … [Read more...] about China’s Yang says trade talks can resolve U.S. dispute
Trade
White House adviser Navarro to Wall Street: Stay out of U.S.-China trade talks
By David Lawder WASHINGTON (Reuters) - White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to resolve their trade dispute, calling them "unregistered foreign agents" who were trying to pressure President Donald Trump into a deal. "When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position. No good can come of this. If there is a deal, if and when there is a deal, it will be on President Donald J. Trump's terms, not Wall Street terms," Navarro said at the Center for Strategic and International Studies in Washington. Trump is due to meet with Chinese President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a G20 leaders summit to discuss a possible way out of their deepening trade war. In recent weeks, executives such as Blackstone Group Chief Executive Stephen … [Read more...] about White House adviser Navarro to Wall Street: Stay out of U.S.-China trade talks
EU says it seeking to raise tempo of U.S. trade talks
By Philip Blenkinsop BRUSSELS (Reuters) - The European Union will seek to increase the tempo of trade talks with the United States and set out its negotiating mandate for a deal to remove tariffs in the coming months, the Austrian presidency of the bloc said on Friday. U.S. President Donald Trump, who has taken an aggressive stance on trade issues, agreed in July not to impose higher duties on EU cars while the two sides sought to improve ties in a number of fields, from regulatory cooperation to energy and a deal to remove tariffs on industrial goods. Austrian Economy Minister Margarete Schramboeck, whose country holds the six-month rotating EU presidency, said Europe had gained some time given that trade had not been the dominant theme before Tuesday's U.S. mid-term elections. "But no one knows how long this pause will last," she told a news conference after chairing a meeting of national ministers responsible for trade. "We will step up the tempo of negotiations. We should conclude … [Read more...] about EU says it seeking to raise tempo of U.S. trade talks
VN, Cuba vow to double trade value in next four years
19:58 | 09/11/2018 VGP –Vietnamese PM Nguyen Xuan Phuc and Cuban President Miguel Mario Diaz-Canel Bermudes set goal to double trade volume within the next four years at a meeting on Friday. PM Nguyen Xuan Phuc (R) welcomes Cuban President Miguel Mario Diaz-Canel Bermudes on his first official visit to Viet Nam. Photo: VGP The two leaders agreed to continue effective operation of the current cooperation mechanisms, especially the Inter-Governmental Committee, between the two countries in a bid to foster the bilateral cooperation. The pair agreed to organize the 36th meeting of the Inter-Governmental Committee at the end of this year and increase delegation exchanges to share socioeconomic development experience. They agreed to task ministries and agencies of the two sides to facilitate business investment in such new domains like telecommunication, energy, construction material production, biotechnology, pharmacy and others. The Cuban President invited PM Phuc … [Read more...] about VN, Cuba vow to double trade value in next four years
Party official receives Assistant U.S.Trade Representative
Head of the Communist Party of Viet Nam Central Committee (CPVCC)’s Economic Commission Nguyen Van Binh receives Assistant US Trade Representative for Services and Investment Daniel Bahar, Ha Noi, November 8, 2018 At the reception, Bahar said he is impressed with the steady economic growth of Viet Nam, expressing his hope to keep enhancing bilateral economic and trade partnerships between the two nations. In turn, Binh reiterated that the Vietnamese Party and State have always and will continue to pay special attention to the bilateral relations, with economic-trade ties being seen as an important pillar. He noted that bilateral economic and trade links have enjoyed great progress recently and continue to be a driving force in the Viet Nam-U.S.relationship, thus meeting the expectations of their people. By Vien Nhu … [Read more...] about Party official receives Assistant U.S.Trade Representative