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US asks China to slash trade surplus by $200 billion
Business Standard ^ | Last Updated at May 5, 2018 01:33 IST | Sue-Lin Wong & David Lawder | Beijing/Washington

Posted on 05/07/2018 2:44:53 PM PDT by cba123

The US has demanded that China cut its US trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to US levels, two people familiar with US-China trade talks said Friday.

The lengthy list of demands was presented to Beijing prior to the start of talks on Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to sort out disputes that have threatened a damaging trade war between the world’s two largest economies.

The talks ended with China’s Xinhua news agency describing them as “constructive, candid and efficient” but with disagreements that remain “relatively big.” The US side has yet to give its account of the talks, and there was no sign that President Donald Trump would back off on his threat to impose tariffs on up to $150 billion in Chinese goods over allegations of intellectual property theft. Speaking with reporters in Washington on Friday, Trump said he was determined to bring fairness to the US-China trading relationship.

(please follow the link, for the full story)

Trump is emphasising the relationship with Xi.

Don't put too much on that personal relationship, President Trump.

You are fighting for America.

Don't back down now.


TOPICS: Chit/Chat
KEYWORDS: america; china; trade
I think the Chinese, believe Trump is bluffing.

(continuing with additional text from the article)

--

“I think the US is asking for the impossible. Reducing the deficit by $200 billion by 2020 is quite an unrealistic demand, but it may also be a negotiation tactic to start high first,” said Tommy Xie, economist at OCBC Bank in Singapore. In a proposal submitted by the Chinese side, Beijing offered to increase US imports and lower tariffs on some goods, including cars, according to the sources. But China requested that the US treat Chinese investment equally under national security reviews, stop issuing any new restrictions on investments, and halt a proposal to implement 25 per cent tariffs under its “Section 301” probe. China also offered to reconsider anti-dumping duties on US sorghum, according to the proposal.

1 posted on 05/07/2018 2:44:54 PM PDT by cba123
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To: cba123

http://www.business-standard.com/article/international/us-asks-china-to-slash-trade-surplus-by-200-billion-118050500051_1.html


2 posted on 05/07/2018 2:45:22 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: cba123

It’s a start


3 posted on 05/07/2018 3:03:37 PM PDT by Regulator
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To: cba123

The next proposal should be $300 billion to send a message.


4 posted on 05/07/2018 3:22:50 PM PDT by PTBAA
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To: cba123
"I think the Chinese, believe Trump is bluffing." +++±+++++++++++++++++++++++++++++++++++++++++++++

Trump is not bluffing, but he will only be in office until January 2025. Chinese leadership will be there long after and are prepared to out wait the US.

5 posted on 05/07/2018 3:29:25 PM PDT by buckalfa (I was so much older then, but I'm younger than that now.)
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To: cba123

“US asks...”
“US has demanded...”

okay, which is it?


6 posted on 05/07/2018 3:38:56 PM PDT by carriage_hill
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To: cba123

US asks China to slash trade surplus by $200 billion

$200 billion is not "slashing". Definitely not "slashing". Try harder.


7 posted on 05/07/2018 3:51:15 PM PDT by so_real ( "The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
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To: cba123

What are the Chinese excuses for keeping such a one-sided trade relationship?


8 posted on 05/07/2018 4:45:56 PM PDT by VeniVidiVici
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To: cba123

What? That will cut Walmart sales by 75%!


9 posted on 05/07/2018 5:28:23 PM PDT by entropy12 (30 Million low wealth, low skill LEGAL chain migrants in 25 years is growing EXPONENTIALLY..)
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To: cba123

I remember back in the 70s and maybe 80s, the Japanese were producing everything and buying up our assets. Granted, it may cause a war but I think the Big Invisible boys will do it again, where they draw in all that export money, collapse the economy and recover them cheaply. The Japanese stagnated for decades afterwards.


10 posted on 05/07/2018 6:43:44 PM PDT by Undecided 2012
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To: buckalfa

Were you in that private meeting where Kerry was telling the Iranians to “just wait Trump out.”


11 posted on 05/07/2018 6:46:43 PM PDT by Undecided 2012
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