Tag: Trade Tensions

Trade Talks – China Urges U.S. To Respect Its Right To Develop And Prosper

The world’s two largest economies began their latest round of trade talks this week to resolve a bitter dispute in which each has levied tariffs on imports from the other.

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Chinese And U.S. Negotiators Are Seeking To Narrow The Still-Substantial Gap Between The Concessions China Is Willing To Offer And What The Trump Administration Will Accept

Today’s Stock Market News - U.S.-China Trade Deal

Beijing so far has remained reluctant to give ground on issues it sees as crucial to maintaining the Communist Party’s rule. Those include eliminating government subsidies to state-owned companies and other policies that underpin its state-led economic model. Washington sees such steps as essential to level the playing field for American businesses operating in the world’s second-largest economy.

Trade tensions between the United States and China are likely to dominate the G20 summit of the world’s 20 biggest economies next week

The United States and China have been imposing tariffs on each others goods in an escalating dispute over market access, forced technology transfer, intellectual property rights and state subsidies to certain sectors that distort competition. The European Union, Canada and Japan are also involved because of U.S. tariffs on steel and aluminum products imposed by Washington earlier this year.