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  1. 9981

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    https://www.forbes.com/sites/salvat...a-and-the-bigger-issue-of-trade/#34c6a5a5701c

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    Salvatore Babones
    , CONTRIBUTORI write about Asia's role in the global political economy. Trump hasn't suddenly switched sides with a new plan to protect jobs in China. He's playing for bigger stakes.
    [​IMG]

    SHANGHAI, CHINA - APRIL 17: (Photo by VCG/VCG via Getty Images)

    In the fast-moving poker game that is the U.S.-China trade relationship, Donald Trump has dealt Xi Jinping a wildcard. Sunday morning he tweetedthat he was looking for "a way to get" China's ZTE "back into business, fast."

    Zhongxing Telecommunications Equipment Corporation--better known as ZTE--is one of China's leading technology exporters, and its exclusion from the U.S. market has brought it close to bankruptcy.

    It was Trump's Commerce Secretary Wilbur Ross who put ZTE "out of business" in the first place. In March, Ross's Commerce Department fined ZTE $1.19 billion for violating U.S. sanctions on North Korea and Iran. Ross followed up in April with an order barring U.S. companies from doing business with ZTE.





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    Donald J. Trump

    ✔@realDonaldTrump



    President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!

    11:01 AM - May 13, 2018
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    The New York Times called Trump's Sunday ZTE tweet an "about-face on trade," but the reality is more subtle. Trump hasn't suddenly switched sides with a new plan to protect jobs in China. He's playing for bigger stakes.


    It's all about jobs--Chinese jobs

    Until being hit with U.S. sanctions, Shenzhen-based ZTE employed more than 80,000 people. Priced out of the Chinese market by fierce domestic competition, the U.S. is (or was) the major market for its smartphones. The company also reportedly relies on U.S. suppliers for more than 80% of its technology and components.

    [​IMG]
    XI AN, CHINA - JULY 26: Employees work on the North America project line of smartphone at a workshop of ZTE Corp. on July 26, 2016 in Xi an, China. (Photo by VCG via Getty Images)

    If ZTE goes under, tens of thousands of Chinese people will be out of work. But ZTE is not the only card in play. Alongside ZTE, Huawei is also under regulatory pressure from the Federal Communications Commission, and AT&T has dropped plans to sell its phones. Chinese smartphone maker Xiaomi may face similar pressures.

    "Stickiness" is the name of the game

    China relies heavily on exports to the U.S. to keep its economy afloat--and its people employed. Chinese exports to the U.S. topped $500 billion last year. That's more than 4% of China's entire economic output. But the role of the U.S. in the Chinese economy runs much deeper than trade.

    [​IMG]Salvatore Babones
    U.S. imports from and exports to China, current USD billions (not adjusted for inflation). Source: U.S. Bureau of the Census.

    When it comes to the tech industry, California's Silicon Valley and China's Shenzhen are tied together in a single production ecosystem: call it Calichina. China may be the world's low-cost producer of smartphones, but Chinese companies can't operate without American components, technology and operating systems.

    China can always find a market for its products in Europe and the rest of the world, but it can't make those products in the first place without cooperation from the United States. And although the U.S. relies equally on China, it doesn't have to.

    The assembly work that is now done in China could be shifted to Mexico or Vietnam in the unlikely scenario of a Chinese embargo. China's reliance on the U.S. is much "stickier" than American reliance on China.

    [​IMG]
    (Photo by Chip Somodevilla/Getty Images)

    Just one card

    In this high-stakes game of trade poker, Donald Trump doesn't particularly want to break ZTE--but Xi Jinping very much wants to preserve it. And not just ZTE. The tit-for-tat trade war talk between the U.S. and China has hardly had any impact on U.S. companies, because they can live without China. China's top tech firms can't live without the United States.

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    Donald J. Trump

    ✔@realDonaldTrump



    China and the United States are working well together on trade, but past negotiations have been so one sided in favor of China, for so many years, that it is hard for them to make a deal that benefits both countries. But be cool, it will all work out!

    3:22 PM - May 13, 2018
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    That makes ZTE just one card in a much larger game that includes companies like Huawei, Xiaomi, Alibaba (recently barred from buying MoneyGram), game programmer NetEase, and many others. They all need access to both U.S. markets and U.S. technology to succeed.

    For decades China has been forcing American companies to joint venture with local partners as the price of doing business in China. The deal on the table has been technology transfer in exchange for access China's 1.4 billion consumers. Trump is trying to change the terms of that deal.

    It looks like he just might succeed. If he does, it won't be at the cost of a trade war with China. Trump doesn't want a trade war, and Xi can't afford one.A last minute deal--or a series of last minute deals--is much more likely.

    As Trump himself tweeted on Sunday, "be cool, it will all work out!"


    More on Forbes: How The ZTE Sales Ban Is Being Felt Worldwide

    Salvatore Babones is the author of The New Authoritarianism: Trump, Populism, and the Tyranny of Experts. Sign up for his Global Asia Newsletter or follow him on Twitter @sbabones.
     
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  3. 9981

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    U.S. Secretary of Commerce Wilbur Ross speaks at The National Press Club after Visiting China,,

    you don't want to miss this

     
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    http://www.wenxuecity.com/news/2018/05/15/7255319.html

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    应美国政府邀请,习近平主席特使、中共中央政治局委员、国务院副总理、中美全面经济对话中方牵头人刘鹤率领中方经贸团于当地时间15日下午抵达华盛顿。据了解,此次中方代表团成员来自各主要经济部门,包括中国人民银行行长易纲、国家发展和改革委员会副主任宁吉喆、中央财经委员会办公室副主任廖岷、外交部副部长郑泽光、工业和信息化部副部长罗文、财政部副部长朱光耀、农业农村部副部长韩俊、商务部副部长兼国际贸易谈判副代表王受文等。据了解,在中方代表团抵达前已有中方工作组于上周抵美,与美方有关部门进行了密集磋商。
     
  5. ottawa_tj

    ottawa_tj 知名会员 ID:148791

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    中国向美国提出的要求,除了重新考虑对ZTE处理决定,还有(https://www.fastcompany.com/4057301...st-of-trade-demands-that-china-gave-to-trump)



    The United States commits to eliminating the sanctions imposed after China’s crackdown on protesters in Tiananmen Square in 1989.

    The United States relaxes export restrictions on technology such as integrated circuits.

    The United States allows U.S. government agencies to purchase and use Chinese information technology products and services.

    The United States agrees to treat Chinese investment and investors equally to those from other countries and place no restrictions on Chinese investment.

    The United States agrees to ensure Chinese businesses can participate in U.S. infrastructure projects.

    The United States agrees to strengthen protection of Chinese intellectual property. (Seriously!)

    The United States agrees to drop its anti-dumping cases against China at the World Trade Organization.

    The United States agrees to terminate its investigations into Chinese intellectual property theft and not impose any of the sanctions Trump already announced.
     
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    http://www.wenxuecity.com/news/2018/05/17/7260592.html

    王岐山不肯出面 习近平亲信刘鹤压力巨大(图)
    文章来源: 法广 于 2018-05-17 20:47:58 - 新闻取自各大新闻媒体,新闻内容并不代表本网立场!
    打印本新闻(被阅读 24608 次)
    [​IMG]


    [​IMG]

      中美在华盛顿周四周五举行新一轮贸易谈判,北京谈判以失败告终,华盛顿谈判能否有积极的进展?特朗普周四没有掩饰悲观,重申“中国被惯坏了”! 现在新的变数是,对华强硬派纳瓦罗加入了谈判,已经在华盛顿遭遇过失败的刘鹤正处在北京的期待和美国的重压之下。

      在美国方面,之前传出,对华强硬派人物,尤以纳瓦罗为代表,将不参加这一轮谈判,现在看来情况发生逆转。来自美国的报道说,白宫贸易顾问纳瓦罗将参加美国和中国周四和周五在华盛顿举行的新一轮贸易谈判。他的加入谈判也许增添了新的变数。

      纳瓦罗以对中国采取强硬对策而着称,一些报道指出,特朗普政府内部在美中贸易问题上出现激烈分歧,据指这一分歧的代表人物在温和派方面是财长姆努钦,强硬派方面是白宫贸易顾问纳瓦罗。有报道指出,在北京谈判期间,纳瓦罗曾与姆努钦发生激烈争吵。

      对华态度上,纳瓦罗最引人瞩目的是2011年出版的『致命中国』一书,他在书中把中国掏空美国制造业提高到国家安危的高度。他认为中国同美国进行不公平贸易,瓦解了美国的“制造业基础”,造成工厂倒闭,大量工人失业。中国已经违反了国际贸易的所有准则,其目的就是要主宰全球制造业,占领全球市场,在经济上逼迫西方世界臣服。他甚至断言,将来的某一天如果中美开战,击败美国的将是中国工厂发挥出来的强大军工生产能力。

      纳瓦罗对中国多年来的批评态度一直不变,他和贸易代表莱特希泽被认为是白宫的强硬派,他们共同认为,美国的谈判目标不能仅仅局限于削减贸易赤字,中国必须作出长期的、实质性的结构性改革。美国媒体引述知情人士称,纳瓦罗批评财政部长姆努钦正将对华贸易谈判领上一条错误的道路。

      因此,纳瓦罗加入美中贸易谈判,可能会增加这次谈判的难度。

      在中国方面,习近平亲信,新任国务院副总理刘鹤担纲谈判。由于他上次受习近平委托前来华盛顿“灭火”无果而终,贸易战最终爆发,他的能力明显受到了怀疑。上次在北京与美国代表谈判时,刘鹤团队的专业水准也受到质疑,不少分析指出,与美方代表精兵强将,各个都十分专业相比,刘鹤本人及其团队,严重缺乏实战的能力。

      有中文媒体分析这次中美谈判,背后操盘的其实是国家副主席王岐山。但是王岐山为什么不肯出头露面呢?是否可以说,他本人也对这次谈判毫无把握,这位曾有过“救火队长”之称的人物,现在在变来变去的特朗普政府内部并无他过去所熟悉的可以与之对话的人物,这可能是王岐山轻易不肯出面的原因。

      美国福布斯杂志日前发表评论称,刘鹤率领的中方贸易代表团情绪低落。报道称,一名与会的顶尖美国商业代表形容,中方代表团“在努力克服消极情绪”。

      至少有一点,分析人士大体上看法一致,刘鹤面临的压力巨大,他不希望这次如同上次前来华盛顿一样无果而终,北京的领导人也不希望他再度失败。

      当然,北京这次也是有备而来,据指出,为了使这次谈判比较顺利,刘鹤率领的代表团已获得上方宝剑,可以做出重大让步,如何让步,据分析,中国贸易代表团可能将提出一份购买大量美国产品的清单,并可在美国所要求的其他一些方面比如市场准入等方面做出更多的承诺。

      现在不清楚美方是否继续坚持上次在北京提出的那份清单,但从特朗普对中兴前后矛盾的表态来看,美方很难降低要求。同时,北京也开始放话,中国商务部发言人周四称,中国不会拿核心利益做交易。但这位发言人同时强调,中国愿意对美国在内的世界各国扩大进口,欢迎美国企业来中国发展。

      特朗普应在美东时间周四会见刘鹤。会见前他对媒体表示,他现在“倾向于怀疑会与中方达致结果,原因是中国被惯坏了,他们任何时候都希望美国能满足他们百分之百的要求。”不过,特朗普会见刘鹤,说明还抱着希望。

      如谈判无果,下个星期二,美国针对中国的制裁措施将正式施行。
     
  7. 9981

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    https://www.nytimes.com/2018/05/21/business/trump-defends-china-trade-strategy.html

    Trump Defends Administration’s Trade Strategy With China
    Image[​IMG]
    In his first Twitter post of the day, Mr. Trump questioned why Democrats and the previous administration did not “do something about Trade with China.”CreditTom Brenner/The New York Times


    By Eileen Sullivan and Alan Rappeport

    May 21, 2018
    WASHINGTON — President Trump defended his administration’s approach to resolving a trade war with China in a series of tweets Monday, following three-days of negotiations with the Chinese that ended with little clarity.

    Mr. Trump, in an early morning tweet, initially questioned why Democrats and the previous administration did not “do something about Trade with China” before touting his administration’s ability to get the Chinese to make concessions.

    “On China, Barriers and Tariffs to come down for first time,” he wrote on Monday, following up with another tweet declaring: “Under our potential deal with China, they will purchase from our Great American Farmers practically as much as our Farmers can produce.”

    However, much remains unresolved, including how much — and what — the Chinese will actually agree to purchase and whether the country will make other changes that the administration has been pushing for, such as relaxing restrictions on American companies operating in China.

    Subscribe to The Times


    “I think we’ve made very meaningful progress and now it’s up to both of us to make sure that we can implement it,” Mr. Mnuchin said on CNBC.

    Wilbur Ross, the Commerce secretary, described the talks as a “framework” that is “kind of at the 40,000-foot level. This is not a definitive agreement. This what we hope will be a path forward. If it doesn’t work, the tariffs will go into effect. So nothing’s been lost at all.”

    Since the meetings concluded, the Trump administration has appeared to offer mixed messages about the status of the discussions and whether China had actually agreed to buy an additional $200 billion of American products to reduce the trade deficit, as administration officials had previously indicated. Both countries have agreed to suspend new tariffs while the talks proceed.

    [​IMG]
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    Mr. Mnuchin pushed back against the suggestion that the economic team was not aligned, saying that he, Mr. Ross and Robert Lighthizer, the United States trade representative, are on the same page.

    The Treasury secretary also downplayed reports that he and Peter Navarro, Mr. Trump’s trade adviser, engaged in a profanity-laced argument during their trip to China earlier this month.

    Video

    00:00
    4:55




    BUSINESS By Erica Berenstein 4:55
    How China Became Trump’s Trade Nemesis
    China’s explosive rise was a shock to the global trading system. For decades, western economies like the United States have struggled with the growth of this economic powerhouse.Published OnMay 15, 2018CreditImage by Doug Mills/The New York Times
    “Peter has been an important part of the team,” Mr. Mnuchin said of Mr. Navarro, a longtime China critic who has been pushing internally for the United States to take a tougher approach.

    Other members of Mr. Trump’s economic team attempted to portray the state of the discussions in a positive light.

    Larry Kudlow, director of the National Economic Council, described the joint statement that China and the United States issued as akin to a peace treaty and predicted that a significant deal was within reach.

    Mr. Kudlow, speaking on CNBC, said that China appeared amenable to opening its market to American financial companies and said he was optimistic that China would allow foreign companies to have majority stakes in their business operations there.

    [​IMG]
    Donald J. Trump

    ✔@realDonaldTrump



    China has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products - would be one of the best things to happen to our farmers in many years!

    7:27 AM - May 21, 2018
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    The president also warned China that it needs to be “strong and tight” on the border of North Korea while negotiations are in progress.

    [​IMG]
    Donald J. Trump

    ✔@realDonaldTrump



    China must continue to be strong & tight on the Border of North Korea until a deal is made. The word is that recently the Border has become much more porous and more has been filtering in. I want this to happen, and North Korea to be VERY successful, but only after signing!

    7:40 AM - May 21, 2018
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    The recent talks have left unclear what the Trump administration plans to do with the Chinese telecom firm, ZTE, which has been accused of not punishing employees who violated trade controls against Iran and North Korea. The company has suffered since the United States prevented it from purchasing American components. Last week, Mr. Trump said he would rethink ZTE’s punishment in exchange for trade concessions.

    On Sunday, Mr. Mnuchin said the president was not “going easy” on China with regard to ZTE. He said the president wanted to be tough on the company and that the tariffs could be reinstated if the trade talks collapse. The Treasury Department is supposed to send recommendations to the White House this week regarding restrictions on Chinese investment.
     
  8. 9981

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    显而易见, 美国之所以和中国达成暂时停战的协议, 完全是因为需要中国配合在中朝边境上继续给予最大的压力,也就是说最近中朝元首之间的会面是给暂时停火起了有效的作用。

    笔者认为, 美朝谈判,对于去核一定会参照卡扎菲模式。而对于朝经济发展, 美国最好的战略由南韩带头投资, 而北韩一定会同时引进中资用于抗衡。对于丹东最近房地产遭热炒,应该不是空穴来风。

    而停战的有效期限, 最短就是看美朝能否达成协议。
     
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    https://www.axios.com/trump-softens-on-nafta-1515969352-841775cc-6a83-44a3-85b4-cb5beea01c2f.html

    The White House will never admit this publicly, but the president is developing a softer attitude towards the North American Free Trade Agreement (NAFTA). Five sources who've spoken privately with Trump about NAFTA say he's taking more seriously the risks of withdrawing the U.S. from the trade deal with Canada and Mexico.

    A conga-line of Republican senators have met with the president and explained to him why they consider NAFTA so important to their states. Two arguments have helped change Trump's thinking:

    • Withdrawing from NAFTA might interrupt the stock market's record-breaking run under his presidency. When it comes to bragging rights, Trump views the Dow Jones Industrial average as a useful substitute for his poll numbers. Though he told the WSJ that he thought U.S. markets would go up if he terminated NAFTA, sources who've spoken with the president say that privately he’s less certain of that — and is loathe to jeopardize the stock market’s record-breaking streak.
    • Withdrawing from NAFTA would harm farmers and agricultural communities — whom Trump considers "my people."
    Trump made two telling comments this week, which were buried under the deluge of porn star and "shithole" news:

    • He told a group of farmers in Nashville — an audience adorned with “I support NAFTA” pins — “On NAFTA, I’m working very hard to get a better deal for our country and for our farmers and for our manufacturers...It’s not the easiest negotiation, but we’re going to make it fair for you people again.” That's a much gentler tone than Trump usually uses to discuss the deal.
    • He told the WSJ this: “I would rather be able to negotiate [NAFTA]. We’ve made a lot of headway. We’re moving along nicely. Bob Lighthizer and others are working very hard, and we’ll see what happens.”
    Why this matters: The White House will never publicly admit Trump is shying away from terminating NAFTA because a key part of his and Lighthizer’s negotiating strategy is to convince Canada and Mexico that he's about to withdraw. Trump has even discussed issuing a six-month NAFTA withdrawal notice as a way to gain leverage. But from our vantage point — at least under this president — NAFTA has never looked safer.

    One cautionary note: With this president, nothing is ever off the table. And nobody close to Trump ever feels 100 percent secure when it comes to trade.
     
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    https://finance.yahoo.com/news/trump-says-u-china-trade-121002752.html

    Trump calls for new 'structure' for U.S.-China trade deal
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    Reuters
    •May 23, 2018

    Trump’s China trade comments spooking investors

    By Susan Heavey

    WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signaled a new direction in U.S.-China trade talks, saying the current track appeared "too hard to get done" and that any possible deal needed "a different structure."

    In an early morning post on Twitter, Trump cited difficulties such as verification but gave no other details about what he or his administration was looking for amid ongoing negotiations.

    Representatives for the White House did not respond to a request for more information about the president's statement.Representatives for China's Foreign Ministry did not immediately respond to a request for comment on Trump's statement.

    "Our trade deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion," Trump wrote in his post.

    Trump's statement comes amid the negotiations between the world's two largest economies after potential tariffs on both sides raised fears of a trade war, even as some tensions have eased over signs of some possible progress.

    Both sides claimed victory on Monday and pledged to continue talking after last week's round in Washington produced pledges that China would import more American energy and agricultural commodities, although there were no specifics.

    U.S. Commerce Secretary Wilbur Ross was expected to visit China next week to help finalize an agreement. U.S. Treasury Secretary Steven Mnuchin told CNBC on Monday that Ross aimed to negotiate "a framework" that could then turn into "binding agreements ... between companies."

    Trump on Tuesday, however, told reporters he was not pleased with recent talks, calling them "a start."

    Any firm deal is likely to take a long time, according to most observers, and U.S. officials have threatened to return to tariffs, which prompted the current standoff, if needed.

    Trump initially threatened to impose $50 billion in tariffs on Chinese goods, prompting Beijing to retaliate with a levy on U.S. products, particularly agricultural goods. Trump then responded by threatening another $150 billion in tariffs.

    Trade talks have also been clouded by separate negotiations over the nuclear weapons program in North Korea, which counts China as its sole major ally.

    Trump is seeking to win a major deal with Pyongyang to denuclearize and is eyeing a June 12 summit with North Korean leader Kim Jong Un. On Tuesday, however, Trump raised doubts the meeting would take place as planned, and suggested Kim’s recent meetings with Chinese President Xi Jinping had influenced Kim to harden his stance.

    " style="margin-bottom: 1em;">

    (Reporting by Susan Heavey in Washington; additional reporting by Ben Blanchard and Ryan Woo in Beijing; editing by Nick Zieminski and Jonathan Oatis)
     
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    http://fortune.com/2018/06/06/china-us-trade-tariffs-trump-zte-trade-deficit/

    $25 Billion? $70 Billion? Whatever It Is, China's Offer to Buy More U.S. Goods Falls Well Short of Trump's Demand

    U.S. vs. China: A Brewing Trade War
    It all started with steel and aluminum.

    8:33 AM EDT
    The U.S. and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the U.S. finalizing a deal to allow China’s ZTE Corp. to resume purchases from American suppliers.

    Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has offered to boost purchases of U.S. goods by about $25 billion this year, according to two people familiar with the matter, who spoke on condition of anonymity because the negotiations aren’t public. Crude oil, coal and farm products are among the goods that the Chinese are willing to buy more of, according to the people briefed on the talks.

    The proposals are the latest in the negotiations between the world’s two largest economies, which have been trading threats for months. U.S. Commerce Secretary Wilbur Ross was in Beijing earlier this month for the third round of high-level negotiations, which focused on China agreeing to buying more U.S. energy and farming goods, according to the White House.


    China’s Ministry of Commerce didn’t give a response when asked on Wednesday about the reports on trade and ZTE (ZTCOY, -15.37%).

    The administration of President Donald Trump has made reducing the deficit in the goods trade with China and other nations one of its most important policy goals. While it’s imposed tariffs on steel and aluminum imports from across the world, it has yet to enact any of the China-specific levies it has threatened, and China has warned it would cancel any promises over trade with the U.S. if that happened.

    Trade deficit
    U.S. goods exported to China last year totaled $130 billion while Chinese imports to the U.S. totaled $506 billion. That left a U.S. deficit of more than $375 billion.

    While the Chinese offer to buy another $25 billion a year of U.S. energy and agricultural products would almost double those shipments compared to 2017, it is a far cry from the $200 billion rise that the Trump administration initially demanded.


    “China can certainly implement $25 billion dollar commitment since all its state-owned enterprises will obey the order of the Communist Party,” said Tao Jingzhou, a managing partner at Dechert LLP in Beijing. “But I am afraid that the Trump team may consider that a way too low figure compared with what the U.S. demanded. In addition, it looks quite unlikely that the U.S. will refrain from the tariffs threat.”

    For the ZTE deal, U.S. and Chinese officials are still finalizing the details and it could still fall apart, according to one of the people, who spoke on condition of anonymity to discuss internal deliberations. Reuters earlier on Tuesday reported that ZTE has signed an agreement in principle that would allow the crippled company to resume operations.


    A U.S. Commerce Department spokesman said no definitive pact has been signed by the two parties, but reports on Tuesday that a deal was close sparked a renewed outcry from U.S. lawmakers, with senators from both major parties opposing easing restrictions on the company.

    Shares in major smartphone component suppliers AAC Technologies Holdings and Sunny Optical Technology Group (SNPTF, +7.17%) surged more than 6% in Hong Kong, as the prospect of an imminent deal assuaged concerns the ZTE ban could widen and begin to hurt the mobile supply chains.

    “People were worried that the U.S. may expand curbs to Huawei, a big customer of Sunny. Also, there were worries that the U.S. may curb smartphone component imports,”’ said Elsie Sheng, an analyst with Orient Finance Holdings.


    Meanwhile the U.S. government is also looking at limiting Chinese investment, and will report by the end of this month how it plans to tighten scrutiny of that. Treasury Secretary Steven Mnuchin is said to want to rely on legislation to tighten controls, instead of an executive move imposing sweeping new limits, according to three people familiar with the matter.

    $70 Billion?
    Chinese officials have indicated the nation is open to buying as much as $70 billion in U.S. exports, according to the people with knowledge of the talks. But much of that represents products the Asian nation has already promised to buy, and in some cases the Chinese haven’t been willing to back their pledges with written contracts, they said. The $70 billion offer was first reported by the Wall Street Journal.


    President Xi Jinping’s government is open to entering into legal contracts to obtain about an additional $25 billion in goods from the U.S. this year, according to the people.

    The Chinese offer comes as the world’s two biggest economies try to stave off a trade war that could undermine global growth. Trump has threatened to slap tariffs on at least $50 billion in Chinese imports shortly after publishing a final list of targets on June 15. China has vowed to retaliate on everything from U.S. soybeans to airplanes, and said it will abandon its commitments if the U.S. follows through on its tariff threat.

    “The Chinese offer is certainly not enough and far from the touted half-way compromise but any movement is welcome,” said Dariusz Kowalczyk, senior emerging-market strategist at Credit Agricole SA in Hong Kong. “That said, there are only 9 days left till the U.S. announces the list of products subject to tariffs on $50 billion in Chinese exports. Overall, we remain of the view that a deal avoiding any new tariffs has a slightly more than a 50% chance.”
     
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    https://www.theglobeandmail.com/bus...dvisers-about-china-tariffs-as-beijing-urges/

    Trump to meet with trade advisers about China tariffs as Beijing urges talks

    U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on Chinese goods, a senior Trump administration official said, as China again urged talks to settle the dispute.

    Trump is due to unveil revisions to his initial tariff list targeting $50-billion of Chinese goods on Friday. People familiar with the revisions said that the list will be slightly smaller than the original, with some goods deleted and others added, particularly in the technology sector.

    Another administration official said that a draft document showed that the new list would still be close to $50-billion, with about 1,300 product categories, but both the dollar amount and quantity of products were still subject to change.


    It remains unclear when Trump would activate the tariffs if he decides to do so. Several industry lobbyists told Reuters that they expect the move to come as early as Friday, with publication of a Federal Register notice, or it could be put off until next week.

    If Washington implements tariffs, Beijing is expected to hit back with its own duties on U.S. imports including soybeans, cars, chemicals and planes, according to a list it released in early April.



    U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, according to a senior Trump administration official.REUTERS
    Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China’s intellectual property practices, he could delay the activation by 30 days. He can also delay the tariffs by another 180 days if the U.S. Trade Representative’s office finds that negotiations with China are yielding progress.

    “The president’s trade team has recommended tariffs. If there are not tariffs, it will be because the president has decided that he’s not ready to implement tariffs,” a person familiar with the administration’s deliberations told Reuters.

    But that recommendation came prior to Trump’s trip late last week to Canada for the G7 leaders summit and to Singapore for talks with North Korean leader Kim Jong Un to defuse a nuclear standoff on the Korean Peninsula.

    Trump returned to Washington early on Wednesday morning. In an interview aired on Wednesday, Trump told Fox News that he was “very strongly clamping down on trade” with China.

    Asked how strong, Trump said: “Well, I think very strongly. I mean you’ll see over the next couple of weeks. They understand what we are doing.”


    Trump did not specifically mention the tariffs and added that he has “a very good relationship with President Xi (Jinping) of China.”

    The move toward activating U.S. tariffs on Chinese goods follows negotiations between U.S. and Chinese officials centred on increased purchases by Beijing of American farm and energy commodities and cutting the U.S. trade deficit with China.

    Commerce Secretary Wilbur Ross earlier this month met with Chinese officials in Beijing and brought back a Chinese proposal to purchase around $70-billion worth of additional commodities and manufactured goods. But that offer has not been accepted by Trump, people familiar with the matter said.

    Chinese Foreign Ministry spokesman Geng Shuang said on Thursday that those talks had yielded progress, and reiterated China’s warning that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures.

    “The essence of China-U.S. trade and business ties is co-operation and win-win. We have consistently upheld that both sides should appropriately resolve relevant trade and business problems … via dialogue and consultations,” he said.

    The administration’s trade hawks, including U.S. Trade Representative Robert Lighthizer and White House trade and manufacturing adviser Peter Navarro, have advocated a tougher approach to address U.S. allegations that China has misappropriated American intellectual property through joint venture requirements, state-backed acquisitions of U.S. technology firms and outright theft.


    Amid the rising trade tensions, China’s commerce ministry spokesman Gao Feng said Chinese exporters have been front-loading their shipments due to changes in the international trade environment.





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    https://www.straitstimes.com/world/...e-may-upset-china-on-trade-as-us-tariffs-loom

    Trump says he may upset China on trade as US tariffs loom

    WASHINGTON (BLOOMBERG) - US President Donald Trump said he will confront China "very strongly" over trade in the coming weeks, as his administration plans to announce on Friday (June 15) a final list of tariff targets, which will be imposed shortly thereafter.

    "China could be a little bit upset about trade because we are very strongly clamping down on trade," Mr Trump said in an interview with Fox News' Bret Baier airing on Wednesday.

    The interview was conducted on Tuesday aboard Air Force One after Mr Trump met North Korean leader Kim Jong Un in Singapore.


    The comments will heighten expectations that China will retaliate with tariffs of its own if the United States goes ahead with its plans.
     
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    https://www.reuters.com/article/us-...dies-second-wave-of-duties-idUSKBN1JB0M8?il=0

    As trade war with China looms, U.S. readies second wave of duties

    BEIJING/WASHINGTON (Reuters) - The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said.

    FILE PHOTO: Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo
    The second wave of products has been cued up as Washington prepares to announce on Friday a list of about $50 billion of goods to be targeted. They are part of Trump’s decision to go forward with “pretty significant” tariffs, an administration official said on Thursday.

    The $100 billion list will be subject to the same public comment and hearing process as the $50 billion list, so it could take 60 days or more to put into effect, three sources familiar with the Trump administration’s thinking on tariff plans told Reuters.


    The list is intended to minimize the impact on U.S. consumers and businesses by selecting goods where there are ample alternative supplies from other countries. Eliminating any impact may be impossible.
    FILE PHOTO: A staff member walks past U.S. and Chinese flags placed for a joint news conference by U.S. Secretary of State Mike Pompeo and Chinese Foreign Minister Wang Yi at the Great Hall of the People in Beijing, China June 14, 2018. REUTERS/Jason Lee/File Photo
    “There’s no question, that to get to $100 billion you’re going to hit consumer products coming in from China,” a person briefed by Commerce Secretary Wilbur Ross told Reuters.

    This person also said Ross had said the list would take aim at products for which China supplied 33 percent or less of total U.S. imports in individual product categories, making it easier to shift to other countries’ supplies.

    The person, like the other sources familiar with the administration’s thinking, declined to be identified because they were not authorized to speak to the media.


    A Reuters analysis of U.S. Census Bureau import data in April showed that there were about 7,600 consumer and industrial goods still available for tariffs with a combined value of $101 billion in which China accounts for 40 percent or less of U.S. imports.

    Another person familiar with the administration’s thinking said it could be difficult to reach $100 billion with a 33 percent threshold.

    Press officials at the U.S. Commerce Department and U.S. Trade Representative’s office declined to comment on the tariff list plans.
    Slideshow (3 Images)
    Trump has pledged to enforce fair and reciprocal trading relations with China, with the U.S. bilateral trade in goods deficit having reached $375 billion last year, and amid long-running complaints of what foreign companies see as forced technology transfers and market restrictions.

    On Thursday, China reiterated its preference for dialogue to resolve differences, but said it was ready to respond if Trump moved forward with tariffs.

    Speaking alongside U.S. Secretary of State Mike Pompeo in Beijing, Chinese State Councillor Wang Yi said there were two choices when it came to trade.


    “The first choice is cooperation and mutual benefit. The other choice is confrontation and mutual loss. China chooses the first,” Wang told reporters. “We hope the U.S. side can also make the same wise choice. Of course, we have also made preparations to respond to the second kind of choice.”

    China has published its own list of threatened tariffs on $50 billion in U.S. goods, including soybeans, aircraft, and autos, and has said it would hit back if Washington followed up with further measures.

    Reporting by Michael Martina in BEIJING and David Lawder in WASHINGTON; Editing by Tony Munroe and Gerry Doyle

    Our Standards:The Thomson Reuters Trust Principles.
     
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    Wilbur Ross on trade: US is closing the gap with China

     

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