China Says Trade Talks With US Planned For January

China US trade negotiators plan ‘to meet in January

Gao Feng, spokesperson at the commerce ministry told reporters that they will continue consultations through intensive telephone calls at the moment and he also said that the negotiations have been the Christmas break in the United States. Beijing this week announced a third round of tariff cuts, lowering import taxes on more than 700 goods beginning January 1, 2019, as part of its efforts to open up the economy and lower costs for domestic consumers.

Trump has agreed to put on hold a scheduled increase in tariffs on some $200 billion in annual imports from China while the negotiations take place through March 1.

Trump agreed to postpone tariff hikes on $200 billion of Chinese imports planned for January 1.

News of the talks was followed by a potential source of renewed strain: a Reuters report saying Trump might declare a national emergency next month that would ban US companies from using telecommunications equipment made by Huawei and ZTE Corp.

Bloomberg reported that a USA trade team will travel to Beijing on the second week of January to hold talks with Chinese officials.

"The failure of cabinet-level officials to even meet in the first half of the 90-day period makes it impossible to anticipate fundamental change on the Chinese side", said Derek Scissors, a China expert at the American Enterprise Institute.

Another factor that might drop the trade tension between the two nations is China's "negative" list that was issued on Tuesday. This will open China's industries to western investments. In it, China has proposed a ban on forced technology transfer and illegal government "interference" in foreign business operations, practices that have come under the spotlight during the trade war.

United States prosecutors accuse Meng Wanzhou of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating USA sanctions.

Officials have been in constant contact with the U.S.to try to determine what else is needed to move things forward in January, according to people familiar with the talks.

It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE Corp, two of China's biggest network equipment companies, out of the USA market.

Related News:



Most liked

Two dead after blast hits tourist bus in Egypt
A statement from the ministry said the bus driver and the tour guide, both Egyptian, were also wounded in the explosion. The wounded included 10 Vietnamese tourists.

Turkey opens probe of actors’ alleged TV insults of Erdogan
They also called for French support in assuring the region's peace and stability. The YPG serves as the military backbone of the SDF.

USA govt shutdown might prolong into January
He predicted it could extend into January, when Democrats will assume control of the House based on their midterm election gains. In a tweet Monday, Trump compared the Fed to a blundering golfer "who can't score because he has no touch - he can't putt! ".

Wolves and Bayern next for Premier League and Champions League-chasing Liverpool
Manchester City now sit four behind though they can cut that back to one point with a win against Crystal Palace on Saturday. They forced the first early chances in a confident start despite precise and slick Liverpool dominating possession.

Surprise: The 'Sam Raimi' Suit Is Now In Spider-Man PS4
Visually, Spider-Man: Into the Spider-Verse is unlike any comic book film we've seen before. Addressed an issue where MJ's initial dialogue in "The Heist" DLC may not play.

Ole Gunnar Solskjaer's First Press Conference Was Incredible
There are a set of demands and one of them is to be a team player. "I didn't think twice when United called to sign me as a player", Solskjaer said.

Priyanka and Jonas host second wedding reception in Mumbai
Tennis champions Saina Nehwal and Parupalli Kashyap, who too recently tied the knot, also arrived to party with Chopra and Jonas. The " Baywatch " star donned an off-shoulder Sabyasachi blue anarkali and also wore sindoor.

Third Canadian detained in China
The first detainee, Michael Kovrig (left), is a former diplomat and now works for a NGO. A source told CBC News she was teaching in China when she was detained.

Canada ranks 16th in gender gap ranking
Yemen, Syria and Iraq have the biggest pay gaps with women being paid less than 30 per cent the level of mens' wages. A year ago was the first since the report began publishing in 2006 that the gap between men and women widened.

Jose Mourinho sacked by Manchester United, Latest Football News
Manchester United have sacked Jose Mourinho , bringing to an end the two-and-a-half-year reign of the Portuguese at Old Trafford. The statement added that a new caretaker manager would be appointed to run affairs at the club, until the end of the season.

IPL Auction 2019: Five overseas players who could become millionaires
Shami, who turned up for Delhi last season, was sold to KXIP while Mohit went back to Chennai Super Kings after a stint with KXIP. The highest base price, that a select group of players have listed themselves for, is INR 2 crore.

YouTuber rigs glitter and fart-spray bomb to catch porch pirates
The glitter bomb trap, which is disguised as an Apple Home Pod package, instantly surprises perpetrators when they open it. After a package was stolen from outside his home, a fed-up Mark Rober took matters into his own hands.

Obamacare Ruling Likely to Be Overturned - Slog
Accordingly, she was watching Friday when the federal judge in Texas concluded the law was unconstitutional. Now is the time for genuine health care reform, not more federal meddling in Americans' lives, he said.

Unai Emery reveals Arsenal plan for January transfer window after Southampton defeat
However, Emery defended the Frenchman and the rest of his makeshift back line. "Physically, he could play the 90 minutes". All three of Saints' goals came from headers following the visitors' failure to deal with balls into the box.

Liverpool vs Bayern Munich, Manchester United vs PSG
Juventus and Roma were also added to the teams that qualified from Serie A while others are Ajax and Porto completed the 16 teams. Barcelona , Real Madrid and Atletico Madrid were the three Spanish sides that secured their passage into the round-rubbing stage.