Published: Sat, January 12, 2019
Money | By Arnold Ball

US, China leave next steps for trade talks unclear

US, China leave next steps for trade talks unclear

He said that if more compromises are made when Chinese Vice Premier Liu He meets U.S. Trade Representative Robert Lighthizer, an official who is viewed as being more hawkish on trade with China, the crisis will only be halfway averted.

The U.S. -China Business Council, a group representing American companies doing business in China, said January 9 that it welcomed the "substantive discussions" during the talks, but urged the two sides to reach "measurable" results.

In a statement that gave few details on the specific outcomes of the latest talks, USTR said the two sides discussed "ways to achieve fairness, reciprocity and balance in trade relations between our two countries".

"Actively implementing the important consensus reached by the two heads of state, both sides held broad, in-depth and detailed exchanges on trade issues of mutual concern as well as structural issues".

The U.S. delegation was led by Deputy U.S. Trade Representative Jeffrey Gerrish and accompanied by senior officials from the White House, U.S. Trade Representative (USTR), and the U.S. Departments of Agriculture, Commerce, Energy, and Treasury, according to the USTR. "The US is very clear about China's stance".

And the US says China has agreed to buy substantially more American goods. But just days later, President Donald Trump overruled Mnuchin by announcing plans for 25 percent tariffs on $50 billion worth of Chinese imports.

The Chinese government is reported to be releasing a statement on the talks tomorrow.

Apple's CES OOH Message Makes Privacy Clear 01/08/2019
Furthermore, the presence of women at the tradeshow is relatively less, be it female-focussed products or female presenters. The annual Consumer Electronics Show is expected to bring 200,000 people to Las Vegas this week.

"There has been progress in these areas", he said.

The discussions marked the first formal talks since the US President Donald Trump and his Chinese counterpart Xi Jinping agreed not to impose new tariffs at the G20 summit in December. He added that China and the United States would "maintain close communication" on a potential next round of talks. "However, we do not see the USA fully removing the specter of tariff hikes any time soon". While Trump tweeted yesterday that the talks were "going very well", major stumbling blocks are still unresolved. USA officials have repeatedly accused China of not fulfilling agreements, with Ross saying on Monday that "the real issue is what are the enforcement mechanisms, what are the punishments if people don't do what they were supposed to do?"

He had earlier warned that if a deal is not reached by March 1, the end of the 90-day grace period, the USA will increase the tariffs on the United States dollars 200 billions of goods from 10 per cent to 25 per cent.

"These issues are much more hard to solve immediately but are, frankly, much more compelling to US companies", said Jake Parker, vice president for China operations of the US-China Business Council, which represents American companies that do business with China.

Commenting on the reaction in the White House to China's concessions, the New York Times observed: "The Trump administration's trade hawks are pushing for a lot more, while even the doves fret that the new promises need effective enforcement to make sure that China follows through".

As the trade talks wound down, China's top economic official, Premier Li Keqiang, met with CEO Elon Musk of electric vehicle brand Tesla Inc.

However, the USA side is pressing Beijing to scrap or change rules Washington says block market access or improperly help Chinese companies. To Lighthizer - and thus the USTR office - China's promise to buy more USA goods is of less interest than the need for "structural changes".

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