China issues statement on Sino-US trade talks

Commerce Secretary To Press China To Buy As Allies Seethe Over Tariffs

"Trump's strategy does no favors for the moderates like trade negotiator Liu He who are eager to take China down a more manageable path of market and financial reforms, and such reforms would indeed be good for USA commercial interests", said James Zimmerman, a partner in the Beijing office of the law firm Perkins Coie and a former chairman of the American Chamber of Commerce in China.

"To meet the people's ever-growing needs for a better life and the requirements of high-quality economic development, China is willing to increase imports from other countries, including the United States, which will benefit people of both countries and the rest of the world", the statement said.

No joint statement was issued at the end of Sunday's meeting in Beijing, and there has been no response to the Chinese comments by the USA side.

"I want to be clear, this isn't just about [China] buying more goods, this is about structural changes", Mnuchin said.

Before Ross arrived with his team for the two-day talks, the United States and China had threatened tit-for-tat tariffs on goods worth up to $150 billion each.

The event went ahead despite that but Beijing said it reserved the right to retaliate.

"The achievements reached by China and the United States should be based on the premise that the two sides should meet each other halfway and not fight a trade war", Xinhua said.

President Donald Trump is pressing Beijing to narrow its politically volatile surplus in trade in goods with the United States, which reached a record $375.2 billion past year.

There was no immediate comment or statement from the USA delegation or from Ross himself.

Sears Is Closing at Least 63 More Stores, Here’s the Full List
Sears , one of the oldest stores at the Northshore Mall, will close in early September, its parent company announced Thursday. In this Thursday, March 29, 2018, photograph, the sign hangs over a set of doors leading to a Sears store in Littleton, Colo.

Anticipated or anticlimactic? Warriors-Cavs 4 in NBA Finals
He's worked especially hard to get there this time, playing in all 82 regular season games for the first time in his career. Golden State has three of the league's best shot-makers in Stephen Curry , Kevin Durant and Klay Thompson .

Four Russian military personnel killed in Syria’s Deir Ezzor - ministry
In result of this war, 15 lac people have permanent disabilities and eight six thousand people have lost their limbs. Terrorists attacked Syrian and Russian troops, and the latter was forced to respond, according to the MoD.

Allies including Canada and the European Union are threatening retaliatory tariffs.

The purchases are partly aimed at shrinking the $375bn U.S. goods trade deficit with China.

The White House said that Trump planned to add the tariffs to combat Chinese intellectual property theft, including tariffs on exports believed to contain stolen American intellectual property. It criticized Tuesday's announcement but refrained from repeating its earlier threat. Mr Liu's delegation included China's central bank governor and commerce minister.

"Our meetings so far have been friendly and frank, and covered some useful topics about specific export items", said Ross at the opening of Sunday's meeting.

Beijing has resisted U.S. pressure to commit to a firm target of narrowing its annual surplus with the United States by $200 billion.

Ross, who was preceded in Beijing last week by more than 50 U.S. officials, is expected during the two-day visit to try to secure long-term purchases of USA farm and energy commodities to help shrink the United States trade deficit.

The US pressure over technology policy reflects growing American concern about China's status as a potential competitor and complaints Beijing improperly subsidizes its fledgling industries and shields them from competition.

Ross and the large American delegation had dinner Saturday evening with their Chinese hosts.

That might alienate allies who share complaints about Chinese technology policy and a flood of low-cost steel, aluminum and other exports they say are the result of improper subsidies and hurt foreign competitors.

Related news:

loading...

Hot News

isis-killer-beheading-video-story-top Apple to announce a Beats speaker at WWDC, Say Sources
Jun 03, 2018 - 17:47
This initiative from Apple , if made available, will follow in the footsteps of Google with their upcoming Android OS - Android P. Universal apps make a lot of sense for Apple - after all, the company has pitched the iPad Pro as a laptop replacement.

isis-killer-beheading-video-story-top Stream Kanye West's New Album 'ye' - Rap-Up
Jun 02, 2018 - 01:01
Not too long before you'll be able to give that thing a listen yourself. "And I'm just the person to do it". Kanye West has debuted his new album, Ye, after months of volatile online behaviour and commentary.

isis-killer-beheading-video-story-top John Goodman Responds to Roseanne Cancellation
Jun 01, 2018 - 15:33
Jarrett, who is African-American and was born in Shiraz, Iran, is neither Muslim nor a member of the Muslim Brotherhood. And Barr pointed a finger at Wanda Sykes, the show's consulting producer, for ultimately causing the show's demise.

isis-killer-beheading-video-story-top French Open 2018: WTA Insider picks the best quotes of Week 1
Jun 01, 2018 - 15:29
Williams wrote an open letter to her mother a year ago to thank her for her support over the issue . And this year they are going to be seeding Serena . "And I think just what an opportunity".

isis-killer-beheading-video-story-top Baby talk: Serena’s return highlights challenges facing tennis-playing parents
May 31, 2018 - 17:22
Though she is back on the court, Williams said her emphasis is looking after her daughter: "No matter what, that's my priority". The American was also asked whether her experience of being at a Grand Slam had changed since becoming a mother.

isis-killer-beheading-video-story-top New Zealand Plans To Kill 150,000 Cows
May 30, 2018 - 11:09
It has been made clear by the officials that all the cows belonging to an infected farm will be killed even if they are healthy. The bacteria, Mycoplasma bovis , can cause cows to develop ailments such as mastitis, pneumonia, and arthritis.

isis-killer-beheading-video-story-top Only Syrian army should be on country's southern border - Russian Federation
May 30, 2018 - 10:58
On May 10, Israel launched a large-scale attack on what it said were Iranian-operated targets in Syria, raising fears of a major confrontation.

isis-killer-beheading-video-story-top Karius accepts blame for Liverpool's Champions League heartbreak
May 28, 2018 - 01:57
Before that, Egypt will play friendlies, nearly certainly without Salah, against Belgium and Colombia on June 1 and June 6. Egypt will be at the World Cup for the first time since 1990 and face hosts Russia , Uruguay and Saudi Arabia in Group A.

isis-killer-beheading-video-story-top Patrick's heralded career comes to close with Indy 500 crash
May 28, 2018 - 01:57
Patrick lost control as she entered the turn and her green GoDaddy Chevrolet hit the wall and rolled backward toward the infield. From there, it was just a matter of navigating the lapped auto of Charlie Kimball, and counting down the final laps.

isis-killer-beheading-video-story-top After historic vote, Ireland poised to end abortion ban
May 27, 2018 - 14:10
Legal abortion will likely continue to be a contentious topic in Ireland, as it is in the US. A woman leaves flowers at the Savita Halappanavar mural in Dublin on Saturday.

isis-killer-beheading-video-story-top Trump says June 12th summit is on
May 27, 2018 - 13:43
Trump rattled the region on Thursday by cancelling his June 12 meeting with Kim, citing "open hostility" from Pyongyang. There the North Korean leader described the Singapore summit as a landmark opportunity to end decades of confrontation.

isis-killer-beheading-video-story-top DHS secretary 'not aware' Putin tried to help Trump campaign
May 26, 2018 - 06:46
Shortly after the comment surfaced on social media, vice chair of the Senate Intelligence Committee Sen. Tyler Houlton, a DHS spokesman, said shortly after that Nielsen was familiar with the 2017 assessment.

isis-killer-beheading-video-story-top Australian sentenced to death in Malaysia drugs case
May 26, 2018 - 06:31
She was acquitted after the judge found she was scammed by her online boyfriend and was unaware she was carrying the drugs. Exposto, 54, was arrested in December 2014 in the capital city of Kuala Lumpur on her way home to Sydney from Shanghai.

isis-killer-beheading-video-story-top 2 injured in shooting at Indiana middle school; gunman arrested
May 25, 2018 - 22:49
A student who was in the classroom at the time of the incident said the shooter fired 4-6 shots, not at anybody in particular. The science teacher then bravely swatted the gun away from the shooter, possibly saving others from getting injured.

isis-killer-beheading-video-story-top GDPR takes effect: What you need to know
May 25, 2018 - 22:45
Companies that already hold users' data have to reach out to customers and ask for permission to retain it. Instead of separate rules in separate nations across Europe , there's now a single set for the entire EU.