Good Articles to Share
China Cancels Trade Talks With US As Tariff Threats Escalate
A report has said that a mid-level Chinese delegation was due to travel to Washington ahead of Liu's visit, but the trip has now been abandoned.
The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday.
The official said despite its protestations, China was well aware of U.S. demands it halt what Washington considers unfair trade practices. U.S. President Donald Trump has made clear his resolve on the issue, the official said, and the two sides remain in touch.
"We have been very clear in all of these meetings about what is ... required," the official said. "I am still optimistic that there is a positive way forward, and the president wants us to continue to engage to try to achieve a positive way forward."
The official's comments came ahead of a report by the Wall Street Journal that China had cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for next week.
Earlier this week, China added $60 billion of U.S. products to its import tariff list as it hit back at U.S. duties on $200 billion of Chinese goods that go into effect from Sept. 24. The escalating trade dispute has spooked financial markets.
Speaking to reporters at the White House on condition of anonymity, the official made clear the administration's ultimate goal was not to separate the interlinked U.S. and Chinese economies, but he said companies could choose to alter their supply chains if Beijing did not change course.
"Our goal here is not to cleave off the Chinese market from the U.S. market, I don't think that's good for long-term growth," he said. "In the short term there is of course a risk that if China continues on the path it is, that some companies as a result of this may start ... to move supply chains."
The official also said he hoped Canada would agree to join a U.S.-Mexico trade deal by the end of the month, while saying he thought U.S. lawmakers would support a bilateral deal with Mexico if that did not happen.
U.S. and Canadian officials have been engaged in talks to modernize the North American Free Trade Agreement, a 1994 deal that underpins $1.2 trillion in trade between the United States, Canada and Mexico.
The official dismissed concerns separate deals with Canada and Mexico would have a negative impact on supply chains.
"I think it's overblown to say that if we have separate deals with these two, that there still can't be a really high degree of integration," he said. - Reuters
More articles on Good Articles to Share
Hedge funds’ options bets hand green investors a path to predicting returns
Created by Tan KW | May 06, 2024
Trump to return to New York courtroom for criminal hush money trial
Created by Tan KW | May 06, 2024
Sabadell’s board meets to consider BBVA’s US$13 bil offer, sources say
Created by Tan KW | May 06, 2024
India battles fake news as nation-wide election reaches halfway mark
Created by Tan KW | May 06, 2024
Discussions
Be the first to like this. Showing 45 of 45 comments
I like it....I like it because China is sending the right message to Trump....U want war? Lets war......
2018-09-22 20:11
all the talking heads in America says China is about to kow tow because China stock market and yuan is collapsing and DJ and US$ is flying......
I say to hell to short term indicators such as DJ......China plans long term...and China will win.
2018-09-22 20:13
this is a poker game. U know what to do when u play poker? China & USA is playing a poker game. Masing-masing hide their true emotion. Masing-masing wait for counterpart to blink their eyes.
2018-09-22 20:28
I am not sure who will win, but I like the way China pull back the negotiations. No point negotiate with an idiot.
Let the game begin.
2018-09-23 11:00
No deal is bad news for Trump's political survival. Mid election in Nov 2018 will destroy trump's winning stake. China made a checkmate on moron trump. Kui lo want to play chess with china. who wins? wakaka
2018-09-23 11:16
I think short term usa is winning loh...!!
But long term China will win loh....!!
Best is come to a settlement and have win win loh...!!
2018-09-23 11:25
China has FTA with russia+Japan+ S. Korea+Japan . it also has RCEP deal to depend on....many other alternatives...Trump has 'awaken' Beijing that it must change export model for future survival. focus on local self substaining, self reliant large consumption
2018-09-23 11:40
chinaman > Sep 23, 2018 11:16 AM | Report Abuse
No deal is bad news for Trump's political survival. Mid election in Nov 2018 will destroy trump's winning stake. China made a checkmate on moron trump. Kui lo want to play chess with china. who wins? wakaka
=============
I like this analysis
2018-09-23 11:45
China needs to shift thier market away from US to South America ,Europe ,Asian or Russia
2018-09-23 11:47
raider...you have been brainwashed by American TV talking heads.....
But chinaman and Xi Jinping smarter than that.
2018-09-23 11:48
China has decided to reduce tarifs from every country except USA.....America is checked mated....
2018-09-23 11:50
what tv ??
Look at USA stockmarket and economy all gaining compare with china declining mah ??
This means short term USA is winning loh....!!
It is a fact ....do not messed up with your hope loh...!!
I hope long run...china can win loh...!!
Posted by qqq3 > Sep 23, 2018 11:48 AM | Report Abuse
raider...you have been brainwashed by American TV talking heads.....
But chinaman and Xi Jinping smarter than that.
2018-09-23 11:52
TV talking heads point to DJ flying US$ up.....China index down, yuan down......concludes China sure kow tow, Trump sure win.....
Forget short term indicators, China plays the long game, China sure win......
China is united, USA divided , see who die first.
2018-09-23 11:57
It does not matter whose man loh ??
The fact is trump is winning now loh....!!
It is best they reached a win win settlement soon mah...!!
Posted by qqq3 > Sep 23, 2018 12:00 PM | Report Abuse
not surprise to me you are Trump man...both just as idiot.
2018-09-23 12:05
China makes great statement....China says eventually will have to talk....this war cannot go on for a thousand years......
hahahaha....see China thinks in terms of thousands of years.....
2018-09-23 12:12
my own analysis...this trade war is a blessing in disguise for China....end result...China overtakes USA even faster.
2018-09-23 12:21
NoEmo > Sep 23, 2018 12:26 PM | Report Abuse
China has found a catalyst in the form of trump for its global economic expansion. The latter is creating lots of opportunities for the former to advanve its ambitious global economic expansion beyond USA.
========
right....now all that is needed from China is resolve, stay united and win it.....
2018-09-23 12:29
This what u hope loh.....!!
U must the separate fact and hope mah....!!
U need to be realistic mah....!!
Posted by qqq3 > Sep 23, 2018 12:12 PM | Report Abuse
China makes great statement....China says eventually will have to talk....this war cannot go on for a thousand years......
hahahaha....see China thinks in terms of thousands of years.....
Posted by qqq3 > Sep 23, 2018 12:21 PM | Report Abuse
my own analysis...this trade war is a blessing in disguise for China....end result...China overtakes USA even faster.
2018-09-23 12:31
raider...no surprise u underestimate the internal strength of Chinaand over estimate Trump, the international bully.
when China wins, it is because rule of law wins....
and Trump and his rule of the jungle is defeated...good for mankind.
2018-09-23 12:36
It is not good for the mkt ,if china wins loh....!!
Why ?
China is unproven & untested quality and it is communism loh....!!
The world wealth todate is created due to capitalism & freedom based on USA taiko formula loh....!!
I pray for a good win win settlement for mankind overall good loh...!
Posted by qqq3 > Sep 23, 2018 12:36 PM | Report Abuse
raider...no surprise u underestimate the internal strength of Chinaand over estimate Trump, the international bully.
when China wins, it is because rule of law wins....
and Trump and his rule of the jungle is defeated...good for mankind.
2018-09-23 12:46
raider
there is more to life than DJ index which itself changes all the time.......and very short term indicator.
2018-09-23 13:01
printing as much as USD to artificially pump up DJ Index. not sure what will happen next? kasi shok sendiri syndrom. wakaka
2018-09-23 13:09
MUST PLP TAIKO USA LOH....100 YRS OF TAIKO USA....CANNOT IMMEDIATELY GO AWAY JUST BCOS OF SOME TRADE WARS...BETTER TALK TO USA FOR A WIN WIN SETTLEMENT....A BETTER OPTION THAN SIMPLY FIGHT LOH....!!
DO NOT UNDERESTIMATE THE SUPER POWER OF USA LOH....!!
2018-09-23 14:26
the perfect victim for bullies are people with no balls........and Trump is nothing if not a bully...and raider would make a perfect victim.
2018-09-23 15:02
trump do not bully raider on the contrary support general raider mah...how could raider be victim leh ??
On balls ?? Trump had biggest balls compare to all USA president loh....!!
The rest of president had no balls to fight for own conviction to fight for their & usa cause unlike trump the outstanding one loh...!!
Posted by qqq3 > Sep 23, 2018 03:02 PM | Report Abuse
the perfect victim for bullies are people with no balls........and Trump is nothing if not a bully...and raider would make a perfect victim.
2018-09-23 15:08
within short term trump is scoring & winning mah....!!
Open your eye lah....!!
Posted by qqq3 > Sep 23, 2018 03:11 PM | Report Abuse
I don't like Law of the jungle to win....
and I don't think Trump will win.
2018-09-23 15:13
qqq3 & raider, u both r funny guys. From convergence to divergence of opinions to trigger off a war of words, just for fun. Keep it up to entertain us at the expense of yr precious time.
2018-09-23 15:24
QQQ3, u both r at sifu level now, can afford to talk cock while shaking yr legs. But newbies like us hv no such luxury as we r busy like ants with endless daily struggles n getting nowhere. Since u both concurred on the subject matter, y not moving on to other issues of concern to provide the rest some additional constructive advices. Agree with u time is relative, but the time spent should also relative to the value generated.
2018-09-23 15:54
noemo if u have any interesting topic in mind pls feel free to bring out for discussion mah.....!!
Raider is ready to contribute loh....!!
Posted by NoEmo > Sep 23, 2018 03:52 PM | Report Abuse
QQQ3, u both r at sifu level now, can afford to talk cock while shaking yr legs. But newbies like us hv no such luxury as we r busy like ants with endless struggles n getting nowhere. Since u both concurred on the subject matter, y not moving on to other issues of concern to provide the rest some additional constructive advices. Agree with u time is relative, but the time spent should also relative to the value generated.
2018-09-23 15:54
Raiders,
thks for yr offer. Really appreciated. Will be more appreciative if u can contribute positively to hundreds of topics which r currently under discussion in I3. Will follow yr tracks here diligently.
2018-09-23 16:00
china retaliate already,waiting for trump new round of tariff,will he raise tariff for all product from china hihihi,let hope so hahaha
2018-09-23 17:14
everyday China is more innovative, more efficient, cheaper, faster, better service, more science and technology...and 1.4 billion customers.....
lets see Trump and his cowboys miss out on this market......
2018-09-23 18:18
China will be on the positive outlook side. Actually, USA is on the verge of bankruptcy (with the debt how many trillion), that is why USA took so stiff action against China. Can USA stands in the long term with the high debt position.
2018-09-23 20:07
Trump is a big bully even before he is president. Thats is style of handling any matter... Its good that China stand against USA. Though its not good for the world economy in long term, it will settle to norm eventually. World will much better off when USA lose at the end...Bravo to China
2018-09-23 20:16
Trump is just like our newbies, going after quick gain n subsequently lose all his bets to bankrupt his country. His predecessors r able to see the dire consequences to usa in creating trade war but Trump wont bother by prioritizing self interest over the rest.
2018-09-23 22:01
Post a Comment
Featured Posts
Get Your NVDA Share by Opening a Moomoo Account*!
Apps
Top Articles
1
Good Articles to Share
2
save malaysia!
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
5
save malaysia!
6
7
8
南洋行家论股
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Speedy Boy
"Our goal here is not to cleave off the Chinese market from the U.S. market, I don't think that's good for long-term growth," he said. "In the short term there is of course a risk that if China continues on the path it is, that some companies as a result of this may start ... to move supply chains."
Answer : What they trying to say is, US investors will move out from China and relocate elsewhere! Half a trillion business gone from China!
2018-09-22 17:28