Friday, 16 November, 2018

China, US to hold trade talks in late August

The US Treasury Department building on Pennsylvania Avenue in Washington DC The US Treasury Department building on Pennsylvania Avenue in Washington DC Credit AFP
Scott Davis | 17 August, 2018, 13:59

Cinna's Commerce Ministry says visiting at the invitation of the US.

News of the meeting boosted the Chinese yuan and helped cap losses in China's stock markets.[CNY/][.SS].

United States futures also gained, as Dow e-minis gained 0.45 per cent on the news.

"The lower rank of the delegation suggests that both sides remain far apart, and an agreement reached for this visit is very unlikely", Jonas Short, head of the Beijing office at investment bank Everbright Sun Hung Kai, wrote in a note. Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported to the United States.

Washington slapped 25% tariffs on $34bn of Chinese goods in early July, leading Beijing to respond with similar levies, and further tariffs on $16bn of Chinese goods are due to come into effect on 23 August.

Beijing has said it will retaliate in kind.




Trump has insisted on imposing tariffs on China and some USA allies for national security reasons, even as Republicans and Democrats alike have warned that the policy will ultimately hurt American workers.

The last round of talks took place in early June, . when U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He in Beijing.

Previous rounds of talks between the two sides failed to make much progress, resulting in the outbreak of a trade war.

Reuters reported Thursday that representatives from the Treasury Department will meet with China's Vice Minister of Commerce Wang Shouwen and other officials in Washington, D.C. The invitation for the talks may have been meant to steady markets, they said.

China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chill global economic growth.

Recommended

  • Ben Stokes rejoins England squad after acquittal

    Ben Stokes rejoins England squad after acquittal

    He has missed seven of England's last 11 tests, a stretch that dates back to the Ashes in Australia. O'Connor said they were thankful for Stokes' actions "because Kai could have been left with a scar".
    White House slams Omarosa over her book

    White House slams Omarosa over her book

    The reliability of Omarosa Manigault's claims about what's been going on in the Trump White House is coming under some question. On Friday, White House press secretary Sarah Huckabee Sanders said " Unhinged " is " riddled with lies and false accusations".
    Trump Doubles Tariffs on Turkish Steel, Aluminum Imports

    Trump Doubles Tariffs on Turkish Steel, Aluminum Imports

    President Donald Trump says the United States has made a decision to increase tariff rates on Turkish steel and aluminum . Brunson was among many foreign nationals detained by Turkish President Erdogan in the wake of a failed 2016 coup attempt.
  • It'll be a stargazer's delight the next few nights watching the Perseids

    It'll be a stargazer's delight the next few nights watching the Perseids

    So every shooting star you see is a tiny messenger from that giant comet , formed long before we even invented the alphabet. This is possibly the best meteor shower this year which will streak across the sky Sunday night into Monday morning.
    From England: Manchester United eye Monchi

    From England: Manchester United eye Monchi

    Former Real Madrid head coach Zinedine Zidane has reportedly been lined up for a shock move to the English Premier League . The Sun reported in July that Zidane was top of United's shortlist should Mourinho leave the club.
    Leaked Images, Video Show Google Pixel 3 XL with USB-C Earbuds

    Leaked Images, Video Show Google Pixel 3 XL with USB-C Earbuds

    According to screenshots, this is the Google Pixel 3 XL , and it runs an Adreno 630 GPU in a Qualcomm Snapdragon system-on-chip. In additional photos, we can see that Google will apparently be changing the color of the power button this time around.
  • Luke Shaw: This will be my season at Manchester United

    Luke Shaw: This will be my season at Manchester United

    United have denied that happened, while it was also reported that Mino Raiola, the player's agent, had struck a deal with Barcelona .
    Tesla: Musk's tweet a bridge too far?

    Tesla: Musk's tweet a bridge too far?

    In the days following Musk's tweet, Tesla stock tumbled back down to around $353 per share. Interestingly, Elon Musk has openly criticised the short-sellers through his tweets.

    Trump lashes out at 'Wacky Omarosa'

    Trump responded Monday morning on Twitter , saying Omarosa "never made it, never will" and said she was "vicious, but not smart". The accusations are among a long list of scandalous claims contained in her new book Unhinged , set to come out on August 14.
  • Paul Manafort's lawyers conclude trial without calling any witnesses

    Paul Manafort's lawyers conclude trial without calling any witnesses

    After 10 days of testimony from more than two dozen witnesses, prosecutors wrapped up its case against Manafort on Monday. Witnesses testified at trial that Calk pushed the loans through because he wanted a post in the Trump administration.
    Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal

    Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal

    Turkey is increasing tariffs on imports of United States products, escalating a feud that has also triggered a currency crisis. Erdogan has been repeatedly photographed with Apple products including the iPhone and iPad.
    Beyoncé And Jay-Z's Detroit Tour Stop Was All About Aretha Franklin

    Beyoncé And Jay-Z's Detroit Tour Stop Was All About Aretha Franklin

    Though it had been reported the Respect singer has been battling a long illness, they remain hopeful she will recover. Aretha has suffered with ill health over the years and was previously diagnosed with cancer in 2010.

Turkey's tariffs on U.S. imports amount to $553 million, trade minister says Turkey's tariffs on U.S.  imports amount to $553 million, trade minister says State Department spokeswoman Heather Nauert said Turkey's economic woes were not started by U.S. sanctions . The tariffs come a day after Erdogan said Turkey would boycott USA electronic goods, singling out iPhones .

For decades, Pennsylvania priests sexually abused over 1,000 children For decades, Pennsylvania priests sexually abused over 1,000 children Those stipulations include Trautman's disagreements and clarifications regarding the report be made public at the same time. Shapiro read a letter of sympathy from Bishop James Timlin that was sent not to the victim, but to the rapist.

U.S. Frackers, Energy ETFs Could Slow as Costs Mount U.S. Frackers, Energy ETFs Could Slow as Costs Mount LONDON-Oil prices fell Wednesday after data showed a rise in US crude stockpiles, following days of volatile trading. Also on Monday, a monthly OPEC report showed oil production in Saudi Arabia unexpectedly fell last month from June.

Video Shows Vehicles Stopped at Collapse Point of Genoa Bridge Video Shows Vehicles Stopped at Collapse Point of Genoa Bridge Transport Minister Danilo Toninelli told Italian state television the disaster pointed to a lack of maintenance, and echoing Mr. Salvini said some 200 firefighters were responding to the accident. "I was driving to Genoa , I was on the bridge", he said.

'No war, no negotiations with the US' 'No war, no negotiations with the US' Iran has denounced the sanctions as "U.S. unilateralism". "All people feel livelihood problems today". European signatories still back the nuclear deal.

Trump Signs Act Named After John McCain Without Mentioning McCain Once Trump Signs Act Named After John McCain Without Mentioning McCain Once Trump's promise to provide more certainty for military funding, after years of budget "sequestration" caps under President Obama. McCain, an Arizona senator and chairman of the Senate armed services committee has been a vocal critic of Trump.

California Wildfires: Thoughtful Authorities Help Keep Pet Fish Alive After Homeowners Evacuate California Wildfires: Thoughtful Authorities Help Keep Pet Fish Alive After Homeowners Evacuate But despite the unrelenting heat and the fire gaining about 20,000 acres, the fire is now 61 percent contained . The Carr fire was first reported on July 23, when a trailer tire blew on a road near Redding, California.

Trump slams former White House aide Omarosa as ‘dog’ Trump slams former White House aide Omarosa as ‘dog’ The recording by the disgruntled 44-year-old, once an ardent Trump ally, represents another stunning breach of presidential trust. She had known him since they worked together in 2004 on the first season of the American reality TV show " The Apprentice ".

Erdogan says Turkey will boycott US electronics Erdogan says Turkey will boycott US electronics Turkey contributes about one percent to the world's total economic output, slightly less than the Netherlands. He had been in jail for nearly 20 months when a court in July ordered him moved to house arrest.

Solar Eclipse Partial solar eclipse in India on August 11 Solar Eclipse Partial solar eclipse in India on August 11 Viewers of solar eclipses are advised to never look directly at the Sun, and either wear specialised glasses or viewing boxes. It should be noted that in 2018, residents in some parts of the world have seen the solar Eclipse of 15 February and 13 July.

Saudi Arabia's sovereign wealth fund looking to take Tesla private Saudi Arabia's sovereign wealth fund looking to take Tesla private He wrote that in the blog and the August 7 tweet that he was speaking for himself as a potential bidder for the company. Discussions over taking Tesla private have failed before.

Koepka joins golf greats with US PGA win Koepka joins golf greats with US PGA win Brooks Koepka celebrates with the Wanamaker Trophy after winning the PGA Championship golf tournament at Bellerive Country Club. Woods and Koepka played nine holes of a practice round Wednesday, and the 14-time major champion knew what he was up against.

Manchester City make Emery suffer in his Premier League debut Manchester City make Emery suffer in his Premier League debut Guardiola praised the desire of those players, some of whom were back at City's Etihad Campus just two weeks after playing in the World Cup.

'Queen of Soul' Aretha Franklin gravely ill 'Queen of Soul' Aretha Franklin gravely ill It's not just that Rolling Stone called her the number one singer of all time, or that she is the Queen of Soul. Her latest performance was on November 2 of past year for the Elton John AIDS Foundation in NY .

Former Real Madrid player, Ronaldo rushed to hospital Former Real Madrid player, Ronaldo rushed to hospital During his glittering career Ronaldo won the FIFA World Player of the Year award three times, in 1996, 1997, and 2002. He tweeted: "Friends, I had a strong flu picture in Ibiza and I had to be boarded on Friday but it's all in order".