Monday, 17 December, 2018

China agrees to ‘reduce and remove’ tariffs on US cars

Donald Trump hails 'amazing and productive' talks, as US agrees to suspend new China tariffs for 90 days US and China 'will impose no new tariffs'
Rhonda Young | 03 December, 2018, 13:30

After their hotly anticipated dinner meeting in Buenos Aires, Argentina, on the sidelines of this year's G20 leaders' summit, U.S. President Donald Trump and his Chinese counterpart Xi Jinping found the necessary ingredients for what amounts to a temporary truce.

The truce between the US and China emerged after a highly anticipated dinner Saturday between Trump and Xi on the sidelines of the Group of 20 summit in Argentina.

After signing a revamped trade pact Friday with Mexico and Canada on better terms for the United States, Trump agreed with Xi on Saturday to work to resolve issues such as forced technology transfer and intellectual property protection in exchange for suspending new USA tariffs on Chinese imports for 90 days.

"President Trump is right to have zeroed in on China's unfair trade practices, but a trade war with China isn't good for the world's economy over the long term, and it's not good for the USA economy either", Delaware Sen. We urge you to stand firm against China if meaningful concessions are not made.

Qatar to quit OPEC in 2019
Qatar announces it was withdrawing from the Organization of Petroleum Exporting Countries "OPEC" effective 1 January 2019. The oil prices in October, reached a four-year high of $86, but since then the price has dropped to about $60 per barrel.

That "really puts a damper on it, to be honest", Trump said.

In return, China agreed to buy what the White House called a "not yet agreed upon, but very substantial" amount of USA products to help narrow America's gaping trade deficit with China. The U.S. firm has said it will cut prices to absorb more of the tariffs and is building a local plant in Shanghai. She joined the leaders of other industrialized nations such as China, Russia, and the United States, at an annual summit on world trade that also draws counterprotesters.

Stocks jumped higher on Monday after Washington and the U.S. said they would hold fire on further tariffs. Boot noted that Trump even said something appropriate when he was told former President George H.W. Bush had died. "Congress will have a choice of the USMCA or pre-NAFTA", he said.

They agreed not to impose new additional tariffs, and instructed the economic teams of both sides to step up negotiations toward the removal of all additional tariffs and reach a concrete deal that is mutually beneficial and win-win.

Top Taliban commander killed in Helmand airstrike
Helmand is also the hub of the country's massive drug trade and Manan was controlling it to generate funds for the Taliban . Confirming the strike, a U.S. force spokesman said: "The Taliban should consider intensifying peace talks, not the fight".

Stocks in Japan and Australia were also up more than 1 percent. "The two sides appear to have had a major change of heart to move away from confrontation toward engagement".

During the summer, Trump first slapped $50 billion of Chinese imports with new 25 percent tariffs. "It's a very important meeting". "It provides direction for China-U.S. relations in the time to come", Wang said.

The White House said that China would subject fentanyl makers to the "maximum penalty under the law". "It is my great honor to be working with President Xi". The other key attendees for the U.S., according to the White House, were Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin, White House Chief of Staff John Kelly, U.S. Trade Representative Robert Lighthizer, National Security Adviser John Bolton, the president's son-in-law Jared Kushner (who is a senior adviser) and Larry Kudlow, assistant to the president for economic policy.

"This was an awesome and productive meeting with unlimited possibilities for both the United States and China", he said in a statement.

AP Top 25: Florida Gators end regular season in top 10
Gary declared his intention to enter the National Football League draft last week on the heels of a 62-39 loss to Ohio State . MI is excited and honored to play in the Peach Bowl, or if you're into corporate sponsorships, the Chick-Fil-A Peach Bowl.

The US and China have been embroiled in a trade war this year which has seen the US hit China with tariffs on $250bn (£195.9bn) worth of goods since July, and China retaliate with duties on some $110bn of US goods over the same period.

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