{"id":197052,"date":"2019-01-09T03:50:46","date_gmt":"2019-01-09T08:50:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=197052"},"modified":"2025-01-17T11:04:05","modified_gmt":"2025-01-17T16:04:05","slug":"us-china-extend-talks-on-trade-battle-for-3rd-day","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/01\/09\/us-china-extend-talks-on-trade-battle-for-3rd-day\/","title":{"rendered":"US, China extend talks on trade battle for 3rd day"},"content":{"rendered":"
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Envoys are meeting face-to-face for the first time since Trump and his Chinese counterpart, Xi Jinping, agreed Dec. 1 to suspend further punitive action against each other’s imports for 90 days while they negotiate over the fight sparked by American complaints Beijing steals or pressures companies to hand over technology. (File Photo<\/a>: The White House\/Flickr<\/a>, Public Domain)<\/figcaption><\/figure>\n

BEIJING \u2014 U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were \u201cgoing very well!\u201d<\/p>\n

The two sides announced no details, but Asian stock markets rose on news of the decision to extend negotiations that originally were planned for two days. Hong Kong’s main market index rose 2.3 per cent while Tokyo was up 1.3 per cent.<\/p>\n

Envoys are meeting face-to-face for the first time since Trump and his Chinese counterpart, Xi Jinping, agreed Dec. 1 to suspend further punitive action against each other’s imports for 90 days while they negotiate over the fight sparked by American complaints Beijing steals or pressures companies to hand over technology.<\/p>\n

\u201cTalks with China are going very well!\u201d Trump said late Tuesday on Twitter.<\/p>\n

Washington is pressing Beijing for changes including rolling back plans for government-led creation of Chinese global champions in robotics and other fields. Europe, Japan and other trading partners echo Washington’s complaints that those violate Beijing’s market-opening obligations.<\/p>\n

Chinese officials have suggested Beijing might alter its industrial plans but reject pressure to abandon what they consider a path to prosperity and global influence. They have tried to defuse pressure for more sweeping change by offering concessions including purchasing more American soybeans, natural gas and other exports.<\/p>\n

Neither side has given any indication its basic position has changed.<\/p>\n

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Economists say the 90-day window is too short to resolve all the conflicts in trade relations between the biggest and second-biggest global economies.<\/p>\n

Trump’s \u201ccheerleading tweet\u201d feeds hopes for a settlement, Mizuho Bank’s Vishnu Varathan said in a report.<\/p>\n

buy tetracycline online https:\/\/www.hillcresthearing.com\/wp-content\/uploads\/2025\/01\/png\/tetracycline.html<\/a> no prescription pharmacy <\/div>\n

However, he cautioned, \u201cEven if a deal is cobbled together, the more strident trade hawks in the White House and Trump may not sign off.\u201d<\/p>\n

On Tuesday, an official Chinese newspaper warned Washington \u201ccannot push China too far\u201d and must avoid a situation that \u201cspins out of control.\u201d<\/p>\n

The talks went ahead despite tension over the arrest of a Chinese tech executive in Canada on U.S. charges related to possible violations of trade sanctions against Iran.<\/p>\n

The American delegation is led by a deputy U.S. trade representative, Jeffrey D. Gerrish, and includes agriculture, energy, commerce, treasury and State Department officials.<\/p>\n

Trump has imposed tariff increases of up to 25 per cent on $250 billion of Chinese imports. China responded by imposing penalties on $110 billion of American goods, slowing customs clearance for U.S. companies and suspending issuing licenses in finance and other businesses.<\/p>\n

Cooling economic growth in both countries is increasing pressure to reach a settlement.<\/p>\n

Car and property sales have slumped as Chinese growth fell to a post-global crisis low of 6.5 per cent in the quarter ending in September.<\/p>\n

The U.S. economy grew at an annual rate of 3.4 per cent in the third quarter but surveys show consumer confidence weakening.<\/p>\n

For its part, Beijing is unhappy with U.S. export and investment curbs, suggesting it might demand concessions.<\/p>\n

Chinese officials complain about controls on \u201cdual use\u201d technology with possible military applications. They say China’s companies are treated unfairly in national security reviews of proposed corporate acquisitions, though almost all deals are approved unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING \u2014 U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations …<\/p>\n","protected":false},"author":44,"featured_media":142832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17],"tags":[],"class_list":["post-197052","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-w","mauthors-joe-mcdonald","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/197052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=197052"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/197052\/revisions"}],"predecessor-version":[{"id":284838,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/197052\/revisions\/284838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/142832"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=197052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=197052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=197052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}