SCMP: US-China trade war: visit to Washington by Beijing’s top economic adviser Liu He cancelled, source says
US should ‘correct its mistakes’ on handling of issue, foreign ministry says, as Donald Trump boasts of having ‘more bullets’
A planned visit by Chinese Vice-Premier Liu He to the United States for trade talks has been cancelled, a source said on Saturday – confirming a report by the South China Morning Post – after Beijing said on Friday that Washington needed to “correct its mistakes” regarding its handling of the ongoing tariff war.
The source, who asked not to be identified, said that a delegation led by Liu was set to hold talks in the US on Monday and Tuesday but that the trip had now been scrapped.
His comments confirmed a Post report published on Tuesday that said the meeting was in jeopardy as the US had failed to meet the precondition of “showing goodwill” with regards to seeking a resolution to the conflict.
Instead, US President Donald Trump on Monday escalated the hostilities by imposing 10 per cent tariffs on almost half of all goods it imports from China.
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WNU Editor: China will only send a delegation after the U.S. Midterm elections .... China Calls Off Trade Talks, Won’t Go to Washington Until After Mid-Terms (Bloomberg). Everyone I know in China are hoping that the Democrats win both the House of Representatives and the Senate after the election. I am telling them that it would not make a difference.
More News On China Canceling Trade Talks With The U.S.
China Cancels Trade Talks With U.S. Amid Escalation in Tariff Threats -- WSJ
China said to call off trade talks as tariff war escalates: WSJ -- CNBC
China Cancels Trade Talks With U.S and Won’t Send Delegation to Washington: WSJ -- Bloomberg
China cancels trade talks with U.S. as tariff threats escalate: WSJ -- Reuters
China scraps trade talks with US after latest round of Trump tariffs -- The Hill
If Trumps trade negotiations with Europe, Mexico and Canada are seen as good for the U.S., the Democrats would come up with a line of patter condemning Trump while trying to benefit from the agreements.
ReplyDeleteIt might be a simple as they are good agreements, but Trump has no style.
So if the new agreements are good, the Democrats would want one just like it with China especially if they can render Trump politically toothless then they can claim full credit.
1. what the Chinese people (how many?) want seems not relevant to what their govt might want
ReplyDelete2. if Trump brings us better deals than we have had and at lower costs to us, then good for him.
3. thus far? not accomplsished
Yuppers, Fred, I could see where you would hate renegotiating NAFTA.
ReplyDeleteYou hate unions.
You also hate decent wages.
"The breakthrough between the U.S. and Mexico involved an agreement on the amount of North American content a vehicle must have in order to pass duty-free across borders. The percentage was moved up to 75 percent from its current level of 62.5 percent.
Negotiators also agreed to increase the percentage of vehicles built in factories paying an average wage of at least $16 an hour".
https://www.npr.org/2018/08/27/641607366/u-s-and-mexico-reach-trade-deal-trump-wants-to-drop-nafta-name