. Earth Science News .
TRADE WARS
US sees 'hard deadline' for China trade negotiations
by Staff Writers
Washington (AFP) Dec 9, 2018

China-US trade surplus hits record in November: China data
Beijing (AFP) Dec 8, 2018 - China's trade surplus with the US ballooned in November to a record $35.6 billion as exports rose and imports shrank, official figures showed Saturday.

Exports to the US rose 9.8 percent for November on-year, while imports for the month fell 25 percent on-year, the data from China's customs administration showed.

The record monthly surplus exceeds the $31.8 billion recorded in October and comes despite a raft of US tariffs on Chinese goods.

China's trade surplus with the US for the first 11 months of the year stood at $293.5 billion, up from $251.3 billion during the same period last year.

The US negotiator in charge of trade talks with China said Sunday he considers March 1 to be a "hard deadline" for reaching an agreement that would avert an intensifying trade war.

"As far as I'm concerned it's a hard deadline," US Trade Representative Robert Lighthizer said on CBS's "Face the Nation."

"When I talk to the president of the United States, he's not talking about going beyond March 1, he's talking about getting a deal if there is a deal to be gotten in the next 90 days."

Lighthizer also said that he did not expect the arrest in Canada of a top Chinese executive, Meng Wanzhou of telecom giant Huawei, to interfere with the trade talks.

"It shouldn't really have much of an impact," he said. "I can understand from the Chinese perspective how they would see it that way. That is a criminal justice matter. It is totally separate from anything that I work on."

- Clarity on deadline -

China has strongly protested the arrest and the US demand that Meng be extradited over allegations that Huawei has violated US sanctions against Iran.

The arrest shook investors and rattled the markets amid fears it could reignite US-Chinese trade tensions just as a new truce had been declared.

Since taking office, Trump has waged an often-fierce offensive against Chinese trade practices, which he regularly brands as "unfair."

He has particularly denounced the forced transfer of technology to China by foreign firms seeking to do business there, as well as the country's weak protections of intellectual property rights.

At the end of a dinner in Buenos Aires on the margins of the recent G20 summit there, Trump and Chinese leader Xi Jinping said they had agreed to put on hold the months-long trade war that has resulted in billions of dollars in tariffs being imposed on imported goods.

Washington gave Beijing a deadline of March 1 to achieve concrete results and suspend the imposition of 25 percent customs tariffs -- rather than the current 10 percent -- on $200 billion in imported Chinese products.

In exchange, the Chinese agreed, somewhat vaguely, to purchase more American products and to work to reduce the enormous trade gap (around $335 billion in China's favor) that so irritates the US president.

It was Lighthizer, a veteran of complex trade negotiations and a hawk on trade issues with China, who was tabbed to lead the American team in the talks.

His remarks Sunday appeared to bring clarity after mixed signals from the administration, including a suggestion from Trump about possibly extending the truce.

"The negotiations with China have already started," Trump said in a Twitter message Tuesday. "Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina."

Trump says China trade talks 'going very well'
Washington (AFP) Dec 7, 2018 - US President Donald Trump said Friday negotiations to defuse the high stakes trade conflict with China are "going very well."

Trump met China's leader Xi Jinping at the weekend and agreed to a 90-day tariff truce in order to find a more permanent solution to the costly dispute, but messages since have been mixed, roiling global stock markets

"China talks are going very well!" Trump tweeted.

Washington and Beijing have exchanged steep tariffs on more than $300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.

Traders were initially buoyed by the apparent deal agreed at the G20 meeting in Buenos Aires but questions were quickly raised about the details -- and whether the world's top two economies could actually resolve their differences.

That was compounded by news that a top executive at Chinese telecoms giant Huawei had been arrested in Canada and faces extradition to the US over allegations the firm had broken sanctions linked to Iran.

The arrest of Meng Wanzhou fuelled concerns about already fraught relations between Washington and Beijing and the future of the trade talks.

China on Thursday appeared to try to ease concerns by saying it would "immediately" implement measures agreed under the truce.


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 vows quick trade moves, Trump upbeat
Beijing (AFP) Dec 5, 2018
China vowed Wednesday to move swiftly to strike a trade consensus with the United States - to the apparent relief of US President Donald Trump after a day of mixed signals that sent global markets into a swoon. "Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina," Trump tweeted. The Chinese commerce ministry said negotiators will "actively push forward negotiations within 90 days in accordance with a clear timetable and roadmap" ... 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
First German 'insurtech' firm hits stock exchange

US agency asks Pentagon to extend Mexico border mission

European insurers set to break into Chinese market

When cities are in good moods, their inhabitants take more risks

TRADE WARS
World's smallest wearable device warns of UV exposure, enables precision phototherapy

Multifunctional dream ceramic matrix composites are born!

SUTD researchers discover new black silver nanomaterial

Force Push VR brings Jedi powers to life

TRADE WARS
Tracing iron in the North Pacific

Thriving reef fisheries continue to provide food despite coral bleaching

US groundwater in peril: Potable supply less than thought

Current efforts to save coral reefs are insufficient, report finds

TRADE WARS
Disappearing Arctic sea ice threatens Canada's polar bears: expert panel

Earth's polar regions communicate via oceanic 'postcards,' atmospheric 'text messages'

Quirky glacial behavior explained

Icelandic language fighting tsunami of English

TRADE WARS
Soil tilling, mulching key to China's potato crop

Floods ravage rice production in Niger's Diffa region

The tragedy of the commons - minus the tragedy

New biocontainment strategy controls spread of escaped GMOs

TRADE WARS
Volcanoes fueled by 'mush' reservoirs, not magma chambers

Alaska hit by powerful earthquake, buildings damaged

Iraq floods leave 21 dead in two days: health ministry

More than 700 hurt in Iran quake

TRADE WARS
Nigeria confirms eight soldiers killed in Boko Haram attack

Zimbabwe starts building new parliament, paid by China

Head of US Army in Africa not worried by potential cuts

11 S.African peacekeepers convicted of abusing boy in DRC

TRADE WARS
Great apes and ravens plan without thinking

Breakthroughs Inspire Hope for Treating Intractable Mood Disorders

Oldest-known ancestor of modern primates may have come from North America, not Asia

New archaeological site revises human habitation timeline on Tibetan plateau









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.