01 February, 2019, 00:06 | Author: Darnell Patrick
Chinese officials are in Washington, D.C., this week for negotiations with top USA officials as the world's top two economies seek and end their trade dispute.
Trump and Liu - China's vice premier and Xi's top economic advisor - are expected to meet while the Chinese delegation is in Washington. America's trade deficit with China, our biggest trading partner, surged to a record $323.3 billion past year.
Mr. Trump faces pressure to make a deal as both the partial government shutdown and tariffs already imposed are hurting USA companies, many of which are opposed to tariffs.
He stressed however, that no decision would be made until he met his counterpart President Xi "to discuss and agree on some of the long-standing and more hard points".
The White House did not immediately comment on the report.
"China's representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table". Should the talks fail, USA import duties on $200 billion in Chinese imports are due to more than double on March 2 - something economists say could help knock the wind out of the global economy's sails.
A deadline looms. On March 2, the Trump administration is scheduled to escalate its tariffs on $200 billion worth of Chinese imports from 10 per cent to 25 per cent.
A Chinese delegation led by Vice Premier Liu He is in Washington this week for two days of talks, following on from the previous round of negotiations earlier this month.
Details of the closed-door talks were scant with official statements seen as unlikely before they conclude on Thursday.
Prior to being named US Trade Representative in May 2017, Lighthizer was a specialist in global trade law for more than 30 years and is a veteran of trade negotiations with Japan in the 1980s.
Stocks in Asia and Europe advanced on Thursday, following gains in the USA on Wednesday. "You can't just flip a switch" and expect China to drop long-established practices.
"Uncertainty is not the friend of business", Powell said.
Commerce Secretary Wilbur Ross tried to temper expectations for any quick breakthrough in the talks, telling CNBC last week that the two sides are "miles and miles from getting a resolution".
Officials for both sides are now meeting in Washington in an effort to strike a deal.
The US's unveiling this week of criminal charges against Chinese corporate giant Huawei Technologies Co. isn't helping the mood. Treasury Secretary Steven Mnuchin declared the trade war "on hold" after China had agreed to step up its purchases of US goods, especially in agriculture and energy, and narrow America's huge trade deficit with China. Indeed, U.S. heavy equipment maker Caterpillarreported Monday that its China sales were slowing - news that sent its stock price tumbling.
For the American business community, there have been little signs that thorny issues affecting them have been addressed. "They are correct", Trump tweeted. He has also threatened new tariffs on the remainder of Chinese goods shipped to the United States. "Makes so much sense for China to finally do a Real Deal, and stop playing around!"
But she added that "the Chinese slowdown also impacts the United States".
Vice President Mike Pence released a video today in which he expressed support for Venezuela's opposition and Guaido. Juan Guaido, president of the congress, said the incident is a sign of growing discontent within the armed forces.
With an own-goal and a glaring miss, Fernando Llorente failed his audition to be the short-term replacement for Kane. Sane moved five assists clear off second-place Sterling, which played 18 decisive passes throughout the same period.
The victory helped Djokovic move past Roger Federer and Roy Emerson's six Melbourne titles to take sole ownership of the record. Yet both are still chasing Federer's record 20 majors and a least a stake in the debate over being greatest of all.
Senator Mark Warner, the top Democrat on the Senate Intelligence Committee, had no immediate comment, according to an aide. The campaign said it fired him after he tried to grab too much of the spotlight while Stone insisted that he quit.
Without Oladipo, the Pacers will be losing their leading scorer, a great on-ball defender, and the leader of their team. The Indiana Pacers have confirmed that All-Star Victor Oladipo is out for the rest of the season.
The stalemate over funding a U.S. -Mexico border wall has produced the longest partial government shutdown in U.S. history. Pelosi last week cited the impact of the ongoing shutdown on the Department of Homeland Security and the U.S.
A second tweet appeared aimed at the conservative right, which fears the offer he made on immigration would amount to an amnesty. But Democrats says talks on border security should occur only after the government is reopened.
Jussie Smollett has been hospitalised after he was reportedly injured by two men in what looks like a homophobic attack. The actor was allegedly attacked in Chicago early Tuesday morning and will travel to Los Angeles to perform on Saturday.
The soldiers were members of Iran's Revolutionary Guards. "The attack was an Iranian attempt to strike at Israel". Aziz Nasirzadeh said in remarks made during an interview with a state-owned media site.
Former Trump attorney Cohen postponing testimony to Congress
Davis said Cohen would be willing to appear before the House oversight committee in the future but would not appear as planned. Cohen's notice postponing his voluntary appearance in an open hearing before the Committee on Oversight and Reform".
Storm 5 Alert issued for Middle Tennessee on Tuesday
While the day began with a temperature of - 4 C, Environment Canada says that it will get progressively colder throughout the day. Most of the snow accumulation is likely to occur between 7 PM Sunday and 7 AM Monday.