China-US Ceasefire Paves Way For New LNG Projects

I am a tariff man’ Trump warns China against raiding ‘great wealth’ of US as trade talks start

I am a tariff man’ Trump warns China against raiding ‘great wealth’ of US as trade talks start

His administration has imposed multiple tariffs on the country this year; the latest was a 10-percent tariff on $200 billion worth of imported goods.

"China has to do this, basically to get room to breathe", said an executive at a state-owned trading house.

FBN's Charlie Gasparino on President Trump's trade policy. They wouldn't even acknowledge that there was a 90-day deadline under which they were operating.

Cui added that negotiators would actually have less than 90 days to reach a deal because of holidays in both countries over the next three months.

China offered more than $1.2 trillion in additional commitments on trade at the Xi-Trump dinner, Treasury Secretary Steve Mnuchin said on Monday.

Treasury Secretary Steven Mnuchin said on CNBC the USA and Chinese had "very specific discussions" in Buenos Aires Saturday evening on steps to defuse their conflict, which involves hundreds of billions in bilateral trade and had roiled world markets for months.

In the past 24 hours, there were signs that White House officials were beginning to backpedal from some of their initial optimism. "China is supposed to start buying Agricultural product and more immediately".

"Historically, the Chinese have tried to respect the WTO obligations, which are plain and simple decided in a case against them", he said.

"I think there'd be quite a burst in shipments of small, less-expensive Korean cars to China, and also of parts, that's another big part of auto trade", he said.

China was already hit with $50 billion worth of tariffs earlier this year. You don't triumphantly proclaim all their concessions in public.

"There's a specific understanding that we're going to now turn the agreement the presidents have into a real agreement over the 90 days", Mnuchin told reporters during a gaggle outside the West Wing, while the president was busy tweeting on the topic and said he has a "very strong and personal relationship" with President Xi.

White House national security adviser John Bolton, who also attended the Saturday meeting, said the verdict was still out on what China would ultimately do. "Nobody is under any illusions". But if not remember, I am a Tariff Man", he tweeted on Tuesday. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. Trump has not promised to lift all tariffs against Chinese goods.

Washington also expects China to promptly address structural issues including intellectual property theft and forced technology transfers, USA officials have said.

Wang added that the two also agreed to open markets to each other, and that China will work to gradually resolve United States concerns in the process of further opening-up.

Both sides will immediately hold talks on structural changes concerning forced technology transfers made by Chinese firms on USA companies, intellectual property rights protection, non-tariff trade barriers, cyber intrusion concerns, cyber theft and agricultural, the White House added. The development signals the most prominent gain since summer 2005, when China stripped its currency of domestic limitations and placed it into a more flexible, but volatile, foreign exchange domain.

Chinese officials discussed the possibility of lowering tariffs on USA auto imports before Xi met Trump in Argentina, according to a person familiar with the situation who asked not to be identified.

The U.S. LNG sector also needs Chinese participation, however.

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