Quantcast
Connect with us

White House optimistic on China trade; no date for more talks

Published

on

The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday.

The official said despite its protestations, China was well aware of U.S. demands it halt what Washington considers unfair trade practices. U.S. President Donald Trump has made clear his resolve on the issue, the official said, and the two sides remain in touch.

ADVERTISEMENT

“We have been very clear in all of these meetings about what is … required,” the official said. “I am still optimistic that there is a positive way forward, and the president wants us to continue to engage to try to achieve a positive way forward.”

The official’s comments came ahead of a report by the Wall Street Journal that China had canceled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for next week.

Earlier this week, China added $60 billion of U.S. products to its import tariff list as it hit back at U.S. duties on $200 billion of Chinese goods that go into effect from Sept. 24. The escalating trade dispute has spooked financial markets.

Speaking to reporters at the White House on condition of anonymity, the official made clear the administration’s ultimate goal was not to separate the interlinked U.S. and Chinese economies, but he said companies could choose to alter their supply chains if Beijing did not change course.

ADVERTISEMENT

“Our goal here is not to cleave off the Chinese market from the U.S. market, I don’t think that’s good for long-term growth,” he said. “In the short term there is of course a risk that if China continues on the path it is, that some companies as a result of this may start … to move supply chains.”

The official also said he hoped Canada would agree to join a U.S.-Mexico trade deal by the end of the month, while saying he thought U.S. lawmakers would support a bilateral deal with Mexico if that did not happen.

U.S. and Canadian officials have been engaged in talks to modernize the North American Free Trade Agreement, a 1994 deal that underpins $1.2 trillion in trade between the United States, Canada and Mexico.

ADVERTISEMENT

The official dismissed concerns separate deals with Canada and Mexico would have a negative impact on supply chains.

“I think it’s overblown to say that if we have separate deals with these two, that there still can’t be a really high degree of integration,” he said.

Additional reporting by David Stanway in Shanghai; Editing by Paul Simao and Nick Macfie

ADVERTISEMENT

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Facebook

China hits out at ‘bullying’ US over new tariffs

Published

on

China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a "bullying" Washington would eventually "eat its own bitter fruit".

European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with China and Europe, which look set to dominate the G7 summit due to begin in France.

Trump on Friday increased existing and planned tariffs on a total of $550 billion in Chinese goods, in response to new tit-for-tat levy hikes announced earlier that day by Beijing on $75 billion of US imports.

A Chinese commerce ministry spokesman on Saturday denounced Washington's "unilateral and bullying trade protectionism".

Continue Reading

2020 Election

Mass rallies, crazy decisions, grandiose posturing: This is what living in a dictatorship feels like

Published

on

Another week of shaking our heads and wondering how much longer we can survive him. Yet again, Donald Trump overwhelmed practically everything with the force of his obscene personality, running his mouth and his thumbs even while he was failing to run the country in any sort of conventional sense. He doesn’t actually do anything, but he dominates everything. Living in America today is like being trapped in a room with him — no doors, no windows, no exits, only Trump and the sound of Trump and the hideous image of Trump, all day, every day, for day after day after day.

This article first appeared in Salon.

Continue Reading
 

Breaking Banner

Trump officials furious with NRA over ‘dick move’ leak of LaPierre phone call: report

Published

on

President Donald Trump originally appeared interested in strengthening federal background check laws in the wake of deadly mass shootings in El Paso, Texas and Dayton, Ohio. Then, after a phone conversation with National Rifle Association CEO Wayne LaPierre on Tuesday, Trump reportedly assured him that background checks were "off the table" and pivoted to discussing anything but guns.

It was a depressingly familiar moment for Trump, who also previously headfaked toward some minor gun control reforms after the Parkland school shooting and quickly walked them back.

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
LEARN MORE
close-link
close-image