Trump Says No 'Magical Date' for Imposing More Tariffs on China
President Donald Trump says there is no "magical date" for reaching a trade deal with China, suggesting again the March 1 deadline for new tariffs could be pushed up. "I think the talks are going very well," Trump told reporters at the White House Tuesday. "I can't tell you exactly about the timing. The date is not a magical date because a lot of things are happening. We'll see what happens." He called the trade negotiations "very complex." Trump had set March 1 as the deadline for hiking tariffs on $200 million in Chinese imports from 10 to 25 percent if no trade agreement is reached. He has since said that date could be put off if negotiators are close to a deal. Talks resumed Tuesday in Washington between lower-level deputies from each side before senior-level talks — including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer — take over Thursday. Vice Premier Liu He, Beijing's top economic and trade negotiator, will again lead the Chinese side. The White House says the talks will focus on "achieving needed structural changes in China that affect trade" with the United States. Bloomberg News reports U.S. negotiators want China to commit to not depreciating the value of its currency. A depreciated yuan makes Chinese goods cheaper on world markets compared to U.S. products. The United States has long complained about what it calls unfair Chinese trade practices, including alleged theft of U.S. intellectual property, and demands U.S. firms turn over trade secrets to China if they want to keep doing business there. China has said it is U.S. trade policies that are stifling its economic development. Washington and Beijing imposed tit-for-tat tariffs on each other's imports last year before Trump and Chinese President Xi Jinping called for a 90 day truce... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Trump Says No 'Magical Date' for Imposing More Tariffs on China , simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you
Published By: VOA NEWS - Tuesday, 19 February
- In the last 5 hours
- Vote! The US tariffs on China have been paid almost entirely by US importers: IMF study CNBC - ASIA (Today) - U.S. tariffs on Chinese goods are hurting an unintended target as the trade war with China rages, an International Monetary Fund study finds....
- In the last 12 hours
- Vote! Trump car tariffs would be a 'first-order slap in the economic face,' Citi's Buiter says CNBC - ASIA (Today) - The global economy would be hit hard if President Donald Trump decides to impose steep tariffs on imported cars, Citi's Willem Buiter told CNBC on Thursday, with Germany likely to...
- Older News
- Vote! US Shoe Industry Protests Possible Tariffs on Chinese Imports VOA NEWS (2 days ago) - More than 170 American shoe manufacturers and retailers, including such well-known athletic shoe brands as Nike, Under Armour and Adidas, urged President Donald Trump on Tuesday to exempt footwear from...
Popular Asia Job Post Articles
- - Panasonic joins firms stepping away from Huawei after US ban
- - Indonesian Protesters, Police Clash in Second Night of Post-election Unrest
- - Slowdown won't keep Chinese from calling Bangkok 'second home'
- - Study: Ozone-Killing Chemicals Traced to China
- - Smokin’ hut: Singapore’s solution for cigarette puffers
- - India election result: moment of truth arrives for Narendra Modi and BJP as vote counting begins
- - The true measure of Indian democracy is found outside the ballot box
- - Gama may become Muang Thong coach
- - 14 smuggled Burmese migrants rescued and alleged trafficker arrested
- - America and Japan’s vision of an Indo-Pacific free from Chinese threat runs into deep waters