Monday, 13 July, 2020

Trump 'likes' idea of waiting to make a trade deal with China

U.S. President Donald Trump looks on as France's President Emmanuel Macron talks during a meeting ahead of the NATO summit in Watford in London Britain Trump 'likes' idea of waiting to make a trade deal with China
Ginger Lawrence | 04 December, 2019, 22:37

Trump on Monday announced tariffs on US steel and aluminum imports from Brazil and Argentina "effective immediately", opening new fronts in his trade war. "This is in a way, to some extent, a transaction", a Chinese source who advises Beijing on the talks told Reuters News Agency.

Former Mexican foreign Minister Luis Videgaray, with whom Kushner met frequently, said Kushner patched up the negotiations a couple of times after they fell apart.

Trade experts say the most likely tariffs to be removed would be 15 percent duties imposed on September 1 on about $125bn of Chinese consumer goods, including smart speakers, Bluetooth headphones, television sets and footwear. Trump's comments Tuesday suggest a deal could be further off than he has recently claimed. USA markets were already off to a rocky December after Trump's Monday announcement - coupled with disappointing manufacturing and construction data - that he would reimpose tariffs on steel and aluminum from Brazil and Argentina. Trump's top trade negotiator, Robert E. Lighthizer, said the levies came in response to a French digital services tax that the USA determined is discriminating against American Internet companies. The White House has yet to say whether Trump would sign or veto the bill, which contains a provision allowing the president to waive sanctions if he determines that to be in the national interest.

US Commerce Secretary Wilbur Ross on Tuesday said that while staff-level talks are continuing with Chinese officials, no high-level meetings are scheduled.

Because of those political factors, questions have grown over whether the interim deal, which Trump announced October 11, can be concluded before new tariffs take effect December 15. "I'm not going to make a deal that's not going to be great for our country". "I watch jobs. Jobs are what I watch; I watch making the proper deal", he said.

Root double guides England to safety in Hamilton — Twitter Reactions
The New Zealand fielders gave up their catches for runs of 10 and 19, while they lost the opportunity to run out on 87 runs. Root's painstaking 226 from 441 balls and 75 from Ollie Pope helped England to 476 and a first-innings lead of 101.

While Huawei and other China-based companies are finding alternatives in the face of the ongoing trade war with the U.S., some countries - even those allied with the USA - may suffer as a outcome of Washington's smear campaign. "Trump's latest comments are a ploy to regain the upper hand in these negotiations". The President said there was no-deadline for the trade deal and a deal would be completed when he was ready.

Markets were roiled Tuesday, posting their biggest drop in two months, after Trump said a phase one deal may not happen until after the 2020 election.

"In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we'll see whether the deal's gonna be right - it's gotta be right", Trump told reporters in London, where he was attending a North Atlantic Treaty Organisation summit, adding that he has "no deadline" to complete an agreement.

"I signed these bills out of respect for President Xi, China, and the people of Hong Kong", Trump said in a statement.