Trump says China woes help USA in trade talks, downplays Apple warning

US manufacturers say Trump tariffs will bring higher prices, not more jobs

US manufacturers say Trump tariffs will bring higher prices, not more jobs

It said the American delegation will be led by the deputy USA trade representative, Jeffrey Gerrish, but offered no other details.

China's leaders have offered to narrow its politically sensitive trade surplus with the United States by purchasing more soybeans, natural gas, and other American exports.

USTR said the U.S. delegation would also include under secretaries from the U.S. Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House.

Those familiar said other USA attendees include Mr Gil Kaplan, Undersecretary of Commerce for International Trade; Mr Ted McKinney, Undersecretary of Agriculture for Trade and Foreign Agricultural Affairs; and Ms Merry Lin, director for global and Asia economics at the National Security Council.

China on Friday confirmed that a vice ministerial level delegation from the United States will visit Beijing next week for "proactive and constructive talks" to flesh out agreements reached between President Xi Jinping and U.S. counterpart Donald Trump in Argentina last month.

While Trump and other officials have said talks between the two sides are progressing well, they have given few details on concessions that China has made. Officialsfrom both countries spoke on the phone Friday, it added.

Shares in Apple slid nine percent after it announced late Wednesday that it was trimming its sales forecast for the most recent quarter, citing steeper-than-expected "economic deceleration" in China - one of its largest overseas markets - amid the US-China trade war.

Lighthizer's office was also responsible for the original report previous year that laid out allegations of Chinese theft of United States intellectual property and formally kicked off the tariff process.

Stock markets across the globe dropped Thursday after tech giant Apple said sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in the world economy. China's Shanghai Composite and Hong Kong's Hang Seng Index were both up about 2%.

The two governments have raised tariffs on billions of dollars of each other's goods in the fight over US complaints that Beijing violates its market-opening obligations by stealing or pressuring companies to hand over technology.

China's economy has lost momentum in the previous year as the governmenthas tried to curb risky lending.

Despite the December truce, "most firms expect trade war to escalate", the report said.

The talks are going ahead despite tension over the arrest of a Chinese tech executive - Huawei's chief financial officer, Meng Wanzhou - in Canada on USA charges related to possible violations of trade sanctions on Iran. The US government is seeking the extradition of the executive, Meng Wanzhou, over alleged violations of sanctions on Iran.

Recommended News

  • Man charged with murder in shooting death of Jazmine Barnes

    Man charged with murder in shooting death of Jazmine Barnes

    Eric Black Jr ., the man accused of killing 7-year-old Jazmine Barnes appeared in Probable Cause Court this morning. Almost a thousand people rallied on Saturday near where the shooting happened, The New York Times reports .
    Fortnite Stage 1 Dance on Top of a Water Tower Guide

    Fortnite Stage 1 Dance on Top of a Water Tower Guide

    The third and final stage includes the air traffic control tower in the new snow biome added by Epic Games in Season 7. It's easy to miss at first, but once you've found it you'll net yourself a whopping five Battle Stars .
    Black Pink at Coachella 2019

    Black Pink at Coachella 2019

    Grande's appearance at the festival comes on the heels of Beyonce headlining previous year alongside The Weeknd and Eminem. Perth band Tame Impala has been handed top spot on the 2019 Coachella bill, alongside Childish Gambino and Ariana Grande .
  • Britons would now vote to stay in EU

    Britons would now vote to stay in EU

    Mr Davies told BBC Radio Wales' Sunday Supplement programme that it is "very unlikely" Mrs May will win the vote. The Daily Mail reported the PM is working on a "double lock" to put a time limit on the backstop.
    John Legend calls R Kelly serial child rapist

    John Legend calls R Kelly serial child rapist

    The second and third installments of the series are slated to air Friday and Saturday on Lifetime . Kelly , women are emerging from the shadows and uniting their voices to share their stories.
    Prince Harry & Meghan Markle Might Be on Their Babymoon

    Prince Harry & Meghan Markle Might Be on Their Babymoon

    But a new report claims that Prince Harry doesn't have to figure his out - because his wife, Meghan , has already decided for him. Samantha Markle has made a number of digs at the Duchess since she missed out on an invite to the Royal Wedding.
  • Federal agencies told to hold off pay raises

    Federal agencies told to hold off pay raises

    Managing pay freezes and pay increases may be hard , anyway, because so many are not working, federal personnel executives said. The scheduled raises appeared to be an unintended effect of the government shutdown , The Associated Press reported .
    Xiaomi Phone Folds Twice

    Xiaomi Phone Folds Twice

    Many smartphone makers, including Samsung and Oppo , have already revealed their intention of launching such a phone. Also, there is also no news on the tech specs of the device as well as when it will be available in Malaysia.
    Independence decree presented to Ukrainian Orthodox bishop

    Independence decree presented to Ukrainian Orthodox bishop

    Ukraine has accused Kremlin-backed churches of spreading pro-Russia propaganda, which Russian religious leaders have denied. In a Twitter post, Çavuşoğlu wrote he discussed bilateral relations and regional issues with Klimkin during the meeting.
  • Japanese bluefin tuna sold at auction for record $4.4m

    Japanese bluefin tuna sold at auction for record $4.4m

    The Toyosu fish market opened in October after the famed Tsukiji market closed after 83 years of business. The company he runs paid a record $3.1 million for the popular but threatened fish.
    Netherlands warns of toxic chemicals after containers tossed from cargo ship

    Netherlands warns of toxic chemicals after containers tossed from cargo ship

    It is unclear how many containers sank to the bottom of the sea and how many are still floating. German authorities said that most of the containers located so far were in Dutch waters.
    Articles of Impeachment Against Trump To Be Introduced Today by Democrat

    Articles of Impeachment Against Trump To Be Introduced Today by Democrat

    As the new Democratic House of Representatives is sworn in Thursday, they're showing few signs of willingness to negotiate a deal. She described Department of Justice guidelines, which say that a sitting president should not be indicted, as not "conclusive".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.