Latest Global Business News

US, China trade talks will be successful: Trump

 
The U.S.-China trade dispute that rocked global financial markets in recent months could be reaching a turning point.
A new round of negotiations between the two countries to kick off soon.
 
Cha Sang-mi provides a glimpse of what to expect.
 
U.S. President Donald Trump held out hopes this week that trade talks with China will be a success, and the negotiations are (quote) "moving along quite well."
 
He added (quote) "You'll be hearing about it very, very shortly."
 
This comes after a report by The Wall Street Journal, saying the United States and China are scheduling two rounds of face-to-face talks in a bid to reach a deal to their protracted trade row by next month, according to people familiar with the plans.
 
Under the tentative timeline, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be travelling to Beijing the week of April 29th, followed by Chinese Vice Premier Liu He making a visit to Washington the week of May 6th.
 
The officials are said to finalize their negotiations, so President Trump and Chinese President Xi Jinping can sign off on a deal by late May or early June.
 
Beijing is preparing to host more than 40 world leaders at the second Belt and Road Forum for International Cooperation in Beijing next week.
 
Washington and Beijing are locked in negotiations to draw a line under their nine-month trade tussle.
The world's two largest economies had reached a truce in their trade war in December of last year.
 
At the time,... Washington delayed a decision to impose 25 percent tariffs on Chinese goods worth some 200 billion U.S. dollars.
 
trump-us china trade talks will be successful
 
"If America continues to levy 10 percent on Chinese imports, there isn't any much improvement on the part of Korean trade only when America removed 10 percent tariffs on Chinese imports, then we might have a beneficial effect through Chinese trade."
 
Professor Shin Se-don says that Korea, which imports a lot of intermediary goods to China, will see no significant changes unless the current tariffs are completely removed.

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

Trump announces new US$16 bil. aid package for American farmers hit by trade war
Trump announces new US$16 bil. aid package for American farmers hit by trade war

  U.S. President Donald Trump has announced a new 16 billion dollar aid package  [ ... ]

Read more la
IMF says US companies are paying China tariff costs
IMF says US companies are paying China tariff costs

  The International Monetary Fund says companies in the U.S. are paying al [ ... ]

Read more la
Reaction to collapse of Jamie Oliver’s restaurant chain
Reaction to collapse of Jamie Oliver’s restaurant chain

  Jamie Oliver's restaurant chain has become the latest to collapse into adminis [ ... ]

Read more la
US slows hiring of Chinese nationals by chip makers
US slows hiring of Chinese nationals by chip makers

  The United States is slowing approvals for its semiconductor companies to hire [ ... ]

Read more la
'Boycott Apple' Movement grows in China as U.S. goes after Huawei
'Boycott Apple' Movement grows in China as U.S. goes after Huawei

  The intensifying trade war between China and the U.S. is prompting Chinese [ ... ]

Read more la
US delays Huawei ban for 90 days
US delays Huawei ban for 90 days

  The United States has decided to allow Huawei to purchase U.S. made products [ ... ]

Read more la
Google reportedly cuts off some business with Huawei following Trump's trade blacklist
Google reportedly cuts off some business with Huawei following Trump's trade blacklist

  The U.S., China trade is only heating up with few signs of cooling down. Followin [ ... ]

Read more la
Trump administration restricts Huawei, 68 affiliates from using U.S. supplies
Trump administration restricts Huawei, 68 affiliates from using U.S. supplies

  The U.S. has been lobbying for months to prevent its western allies from using [ ... ]

Read more la
Global markets tumble as China hits back at U.S. with retaliatory tariffs
Global markets tumble as China hits back at U.S. with retaliatory tariffs

  And heightened tensions between the world's two biggest economies sent glo [ ... ]

Read more la
US-China trade talks break down; trade war to resume
US-China trade talks break down; trade war to resume

On the economic front,... the two-day trade negotiations between the U.S. and China. [ ... ]

Read more la
Shared kitchens increasingly popular
Shared kitchens increasingly popular

Time now for our "Life & Info" segment,... where we focus on information useful fo [ ... ]

Read more la
China threatens retaliation as US files to raise tariffs
China threatens retaliation as US files to raise tariffs

  Refusing to pull any punches,... China says it WILL retaliate after the Un [ ... ]

Read more la
Federal Reserve holds interest rates steady at 2.25%-2.50% as U.S. economy grows at solid rate
Federal Reserve holds interest rates steady at 2.25%-2.50% as U.S. economy grows at solid rate

  The U.S. Federal Reserve left its key interest rate unchanged despite re [ ... ]

Read more la
China signs US$ 64 bil. worth of deals for Belt and Road Initiative
China signs US$ 64 bil. worth of deals for Belt and Road Initiative

  Chinese President Xi Jinping says some 64 billion U.S. dollars worth of deals we [ ... ]

Read more la
Belt and Road Forum kicks off in China
Belt and Road Forum kicks off in China

  China is hosting a forum on its Belt and Road project, the foreign policy in [ ... ]

Read more la
Netflix movies will still be eligible for Oscars next year
Netflix movies will still be eligible for Oscars next year

  Netflix and other streaming services will not face a tougher road to the Osc [ ... ]

Read more la

Our Sponsors


La Latest

David Cameron voices sympathy for Theresa May

  Former Prime Minister David Cameron has said he felt “desperately sorry” [ ... ]

Read more la
Suspected terror attack injures 13 in Lyon, France

  A suspected terror attack in the French city of Lyon... has left 13 people [ ... ]

Read more la
Trump announces new US$16 bil. aid package for American farmers hit by trade war

  U.S. President Donald Trump has announced a new 16 billion dollar aid package  [ ... ]

Read more la
British firm ARM, Japan's Panasonic halt business with Huawei following U.S. ban

  More bad news for Huawei... as Japanese and British companies are looking to [ ... ]

Read more la
IMF says US companies are paying China tariff costs

  The International Monetary Fund says companies in the U.S. are paying al [ ... ]

Read more la
Tearful Theresa May resigns as PM; husband Philip May watches on

  Theresa May's turbulent leadership of the Conservative Party will end on J [ ... ]

Read more la
Modi declares victory in India elections as opposition Congress Party concedes

  Indian Prime Minister Narendra Modi has scored a dramatic election vic [ ... ]

Read more la
White tiger triplets get first check up at Chile zoo

  Three adorable, 1 month old white Bengal tiger cubs got their first medica [ ... ]

Read more la

La Entertain

Christy Chung's vietnamese mother meets her mother-in-law for first time

26 May 2019 - This week, Christy Chung (48) and husband Shawn Zhang Lunshuo (36) welcomes their moth [ ... ]

Read more la
Jam Hsiao declares love for girlfriend Summer Lin Youhui after 11 years; wife-to-be real soon

25 May 2019 - Since his debut in showbiz in 2007, Jam Hsiao (32, also Xiao Jingteng) has been spotte [ ... ]

Read more la
Sandy Lam Jonathan Lee's heavyweight daughter Renee Lee turns 20 at reunion dinner

24 May 2019 - Sandy Lam (53) and Jonathan Lee produced a daughter during their marriage from 1998 to [ ... ]

Read more la
Bong Joon ho's 'Parasite' receives 8 minute standing ovation at Cannes

  South Korean director Bong Joon ho received an eight minute standing ovation [ ... ]

Read more la
JJ Lin comes out of closet n shows off naked six packs; 'boyfriend' takes photo

22 May 2019 - Recently, JJ Lin Junjie (38) has experienced a quantum leap in the number of fans foll [ ... ]

Read more la
Stefanie Sun gives virginity to The Coming One; returns as RO ambassador

22 May 2019 - Recently, Stefanie Sun (40) makes a comeback as online game RO(.)com's brand ambassado [ ... ]

Read more la
Jessica Jung, Elle Fanning goes classic; Ming Xi bares all on top in France, Cannes 2019

On 20 May 2019 in Cannes, France, the glamorous parade of stars continue and today we take a look at [ ... ]

Read more la
Luhan's girlfriend Guan Xiaotong nearly no makeup at Cannes 2019

On 18 May 2019, Luhan's young girlfriend Guan Xiaotong (22) flew in to Cannes 2019 for the premiere  [ ... ]

Read more la