United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Trump says US-China trade talks are 'going very well'

SeattlePI.com Friday, 11 October 2019 ()
WASHINGTON (AP) — President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team.

Expectations were low that the negotiations would do much to resolve a 15-month trade battle that is weighing on the global economy.

But as the first of an expected two days of talks wrapped up Thursday, Trump told reporters at the White House, "We're doing very well ... We're going to see them tomorrow, right here, and it's going very well."

Chinese Vice Premier Liu He is leading the delegation in the 13th round of negotiations with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

The world's two biggest economies are deadlocked over U.S. allegations that China steals technology and pressures foreign companies to hand over trade secrets as part of a sharp-elbowed drive to become a world leader in advanced industries such as robotics and self-driving cars.

Under Trump, the United States has slapped tariffs on more than $360 billion worth of Chinese imports and is planning to hit another $160 billion Dec. 15. That would extend import taxes to virtually everything China ships to the United States. China has hit back by targeting about $120 billion in U.S. goods, focusing on farm products.

The high cost of the tariffs and uncertainty over when and how the trade war will end have taken an economic toll, especially on manufacturing companies. A private survey last week found that U.S. factory output had dropped to its lowest level since 2009, when the economy was in the grips of a deep recession.

Liu met Thursday with leaders of the U.S. Chamber of Commerce and the U.S.-China Business Council. Liu told them the Chinese negotiators "come with...
0
shares
ShareTweetSavePostSend
 
Credit: Rumble - Published < > Embed
News video: U.S.-China trade talks went very well on Thursday -Trump

U.S.-China trade talks went very well on Thursday -Trump 00:36

U.S. President Donald Trump said trade talks between U.S. and Chinese officials on Thursday went very well and the two sides had a very, very good negotiation. Rough Cut (no reporter narration).

You Might Like


Recent related videos from verified sources

How to Find Opportunity in a Market Run By U.S.-China Trade Headlines [Video]How to Find Opportunity in a Market Run By U.S.-China Trade Headlines

Let's talk trade. Adam Phillips, director of portfolio strategy at EP Wealth Advisors and Tony Owusu, reporter at TheStreet, break down what investors need to know about the U.S.-China trade headlines...

Credit: The Street     Duration: 01:52Published

How Investors Should Approach the Ongoing U.S.-China Trade Talks [Video]How Investors Should Approach the Ongoing U.S.-China Trade Talks

Will we or won't we? That's the ever-lasting question on the minds of investors when it comes to the U.S.-China trade talks. Gene Goldman, CIO of Cetera, and Jacob Sonenshine, reporter with TheStreet,..

Credit: The Street     Duration: 02:03Published


Recent related news from verified sources

Trump sees a 'good chance' of a US-China trade deal. Don't hold your breath.

Trump sees a 'good chance' of a US-China trade deal. Don't hold your breath.
** · *Donald Trump said there's a "really good chance" of a US-China trade deal ahead of high-level talks between the world's two biggest economies this...
Business Insider Also reported by •Seattle TimesUSATODAY.com

China is reportedly open to a partial trade deal with the US — but only if Trump scales back planned tariffs

China is reportedly open to a partial trade deal with the US — but only if Trump scales back planned tariffs
· *China appeared to ease its tone toward the US ahead of high-stakes trade talks set to take place at the end of the week.* · *Bloomberg reported early...
Business Insider Also reported by •Seattle Times
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.