China is obliged to buy more USA agricultural goods, according to Trump

US, China negotiators resume trade war talks

Private Chinese companies are still not buying USA supplies because of 25% retaliatory tariffs on American imports imposed as part of the trade war.

China's trade surplus with the United States, a major source of friction, rose 11 per cent in June from May to $29.92 billion.

US President Donald Trump and Chinese President Xi Jinping agreed in Japan last month to another trade ceasefire, thanks to Trump's promise not to impose new tariffs on Chinese goods and to ease restrictions on Huawei.

The two countries are in the midst of a year-long trade dispute which has seen them slap tariffs on each other's goods.

China retaliated with penalty duties and ordered importers to find non-U.S. suppliers. In an interview with the Fox Business Network, Kudlow described the discussions as "preliminary" and said meetings will "probably" be arranged, but did not give more details.

Manchester United confident of agreeing £75m transfer for 26-year-old star
It will be worn for the first time on Saturday, when they face Perth Glory in a pre-season friendly in Western Australia. The £180m price-tag comes as United themselves were left gobsmacked by Newcastle's own valuation of their top midfielder.

Imports fell 7.3 percent, a sharper drop than the 4.5 percent forecast by analysts and following an 8.5 percent contraction in May, suggesting domestic demand remains tepid despite a flurry of growth boosting measures since a year ago.

Trade weakness has added to pressure on Xi's government to shore up economic growth and avoid politically unsafe job losses. And a substantive solution likely would require China to scale back its ambitions to become a world leader in advanced technologies such as artificial intelligence and electric cars.

In the readout of the Xi-Trump meeting published by the state-run Xinhua news agency, it only mentioned that Mr Trump said he hoped China could increase imports from the U.S., and didn't say how Mr Xi or the Chinese team responded. He said that Beijing is causing a disappointment.

Mr Trump also claimed that China, in exchange, has agreed to buy a "tremendous amount" of American food and agricultural products. He said on Twitter that "China is letting us down". But while American exporters have been hit hardest, Chinese industries including electronics that Beijing sees its economic future have suffered double-digit declines in sales to the United States, their biggest market. The truce suspended US plans to impose tariffs on an additional $300 billion in Chinese goods - action that would have extended the taxes to everything China ships to America.

Related News:



Most liked

Sorority convention in New Orleans cut short by Barry
About 800,000 people are under a hurricane warning along the Louisiana coast from south of Lafayette to south of New Orleans . Tanya Gulliver-Garcia, of New Orleans' Broadmoor neighborhood, had a planned trip to NY , with a flight out Friday evening.

Marcus Morris considering coming to the New York Knicks
According to Jabari Young of The Athletic , a deal is on the table for Morris from NY . Word is, there's a 1-year, $15M deal on the table from #Knicks ...

Samsung Galaxy Note 10 prices leaked and it's nothing unusual
Samsung will launch two different Note 10 configurations this year, namely the standard Note 10 and the larger Note 10 Plus. The rotating bezel may really be on its way out unless it made a decision to retain the control on non-Active models.

Amazon reportedly plotting upgraded Echo as work on Alexa robot continues
This could work well for Amazon, but it wouldn't be the first time high-fidelity music service available to consumers. The higher-quality Echo marks just the latest move by Amazon to gain ground in the smart speaker market segment.

Starbucks launches new Tie-Dye Frappucino
Check out the Starbucks website for more information and see the full nutrition facts for the new Tie-Dye drink ahead. When considering the taste and end look of the Tie-Dye Frappucino, we wouldn't recommend getting this drink.

'Thank god he's gone': Pelosi cheers resignation of Acosta as labor secretary
Mr Trump announced the news today with Mr Acosta by his side at the White House as the president left on a trip to the Midwest. Pressed on whether he had any regrets, Acosta repeatedly suggested that circumstances had changed since then.

US Coast Guard Crew Boards Suspected Drug-Smuggling Submarine in Pacific
The dramatic, one-minute video was recorded by a member of the Coast Guard wearing a helmet camera on June 18 . The Coast Guard, he said say, is tasked with patrolling the area with the equivalent of two police cars.

Over 370000 sign petition to release rapper A$AP Rocky
The Supreme Court rejected the appeal, which means the rapper will stay in Swedish custody until his court date. It is being reported that the Harlemite is in police custody in Stockholm, along with his three associates.

Pelosi spars with progressive party members
William Lacy Clay (D-MO) was appalled by the freshman lawmaker's accusations, and the opinions of her staff. Ilhan Omar , Rashida Tlaib , and Ayanna Pressley for their focus on Twitter, reported the NY Post .

Transfer: Barcelona to announce Griezmann deal on Friday
The 28-year-old will now join Lionel Messi and Luis Suarez to form a deadly trident at the top of the pitch for Barcelona . The France global becomes Barca's third signing of the summer, following the arrivals of Frenkie de Jong and Neto .

Mueller hearing format gets complaints from junior Judiciary members
At a news conference in May, Mueller said the team chose the words in the report carefully and that the work speaks for itself. Douglas Collins, R-Ga., the ranking member on the Judiciary Committee, accused Nadler of being on a "subpoena binge".

California couple sue over 'living hell' IVF mix-up
The child was eventually handed over in a hotel lobby, Mrs Manukyan describing the encounter as "heart-breaking" and "terrible". Instead, one of the Manukyans' embryos was thousands of kilometres away in the uterus of a woman in Queens, New York.

Google probes leak of smart speaker recordings
To disable this setting, head to Google's Voice & Audio Activity page while signed into your account, then switch the toggle off. Google responded by saying the failure to make users aware of a microphone in Nest Guard was nothing more than a mistake .

Google Boost Instant Camera Translation
Lastly, Google has also said that it is reducing the flickering of translated text, making it more stable and easier to read. Google is improving its Translate service today as it rolls out an update to its Instant Camera feature.

CoA to have World Cup review meeting with Virat Kohli, Ravi Shastri
The ball was just clipping the bails and he was given out by the on-field umpire. It is often said that cricket is a game of great uncertainty.