Space Industry and Business News  
TRADE WARS
US trade negotiators to visit China on March 28-29
By Poornima WEERASEKARA
Beijing (AFP) March 21, 2019

Senior US officials will visit Beijing for a new round of trade war talks on March 28-29, followed by a trip to the United States by China's top negotiator in April, the Chinese commerce ministry said Thursday.

The back-to-back trips come as Washington and Beijing battle over the final shape of a trade deal, with American officials demanding profound changes to Chinese industrial policy.

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are returning to the Chinese capital next week, commerce ministry spokesman Gao Feng said at a weekly briefing.

After their visit, Chinese Vice Premier Liu He will head to the United States in April to continue the negotiations, Gao said.

President Donald Trump warned Wednesday that US tariffs on Chinese imports could remain in place for a "substantial period", dampening hopes that an agreement would see them lifted soon.

Over the last eight months, the United States and China have slapped tariffs on more than $360 billion in two-way goods trade, weighing on the manufacturing sectors in both countries.

On Friday, China's rubber-stamp parliament approved a foreign investment law to strengthen protections for intellectual property -- a central US grievance -- but critics said the bill was rammed through without sufficient time for input from businesses.

The law was adopted barely three months after a first draft was debated, an unusually quick turnaround for the legislature, which meets once a year.

- Unilateral tariffs -

Beijing has also expressed willingness to increase purchases of American commodities such as energy and soybeans.

But analysts say Chinese officials will be reluctant to accede to demands that could weaken the Communist Party's hold on power -- such as fully exposing state enterprises to market forces.

Trump initially said he expected to seal any final bargain at a summit with Chinese President Xi Jinping later this month but that deadline has been pushed back as momentum in the talks has slowed.

US negotiators have insisted that any agreement have teeth -- including the ability to impose tariffs unilaterally should China backslide on any commitments to end alleged unfair trade practices.

"We have to make sure that if we do the deal with China, that China lives by the deal," Trump told reporters at the White House Wednesday.

He also said the talks with Beijing were "coming along nicely".

Despite Trump's trade wars, the US trade deficit with China last year hit a record, as American consumers drew in foreign-made goods while weakened US sales of agricultural commodities weighed on American exports.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
China's Xi to visit Italy, France as Rome joins 'new Silk Road'
Beijing (AFP) March 18, 2019
Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said Monday, with Rome expected to join his global trade infrastructure programme despite reservations in other European countries. Beijing has financed infrastructure, maritime, rail and road projects in Asia, Africa and Europe, but critics warn that it mainly benefits Chinese firms while setting up a "debt trap" in more financially vulnerable countries. Xi will pay state visits from Thursday to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Terminator-like liquid metal moves and stretches in 3D space

Not so fantastic: Can Japan end its love affair with plastic?

Materials could delay frost up to 300 times longer than existing anti-icing coatings

ANU research set to shake up space missions

TRADE WARS
United Launch Alliance set to launch WGS-10 for US Air Force

Raytheon awarded $406M for Army aircraft radio system

Lockheed Martin to develop cyber electronic warfare pod for UAVs

Britain to spend $1.3M for satellite antennas in light of Brexit

TRADE WARS
TRADE WARS
Earliest known Mariner's Astrolabe published in Guinness Book of Records

Earliest known mariner's astrolabe described in new study

One step closer to a clock that could replace GPS and Galileo

ESA joins with business to invent the future of navigation

TRADE WARS
China's 737 move shows growing global aviation clout: analysts

Chinese investor weighs sale of Toulouse airport stake

At 3,836 mph, which way does the air flow?

Space tech poised to make air travel greener and more efficient

TRADE WARS
Computer scientists create reprogrammable molecular computing system

Princeton scientists discover chiral crystals exhibiting exotic quantum effects

Semimetals are high conductors

Researchers measure near-perfect performance in low-cost semiconductors

TRADE WARS
Scientists go to extremes to reveal make-up of Earth's core

New key players in the methane cycle

High CO2 levels can destabilize marine layer clouds

On its 5th Anniversary, GPM Still Right as Rain

TRADE WARS
Seoul passes emergency bills to fight air pollution

Nations agree 'significant' plastic cuts

Suffer the children: how air pollution hurts the youngest

Toxic air tears apart families in Mongolia









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.