Posted on 02/14/2019 7:08:36 PM PST by cba123
BEIJING U.S. and Chinese negotiators opened talks Thursday on a sprawling trade dispute as Beijing reported its January exports rebounded despite President Donald Trump's tariff hikes.
Trump said earlier the talks could help decide whether he escalates the fight over China's technology ambitions by going ahead with more penalty duties March 2 on $200 billion of Chinese goods.
The battle between the two biggest economies has fueled fears it will drag on weakening global growth. China's economy grew at its slowest pace in three-decades last year, adding to pressure on communist leaders to reach a settlement.
Both sides have expressed optimism but released no details. U.S. Trade Representative Robert Lighthizer and his Chinese counterpart, Vice Premier Liu He, shook hands at the start of the meeting at a government guesthouse but said nothing to reporters.
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:)
I never believe the Chinese but they’re hurting big time ,LOL
I can confirm that exports out of China are on the uptick. The hold off on American exports kind of broke with numerous American companies resuming importing Chinese products. They could only old off their inventories for so long.
The European, Australian, Euroasia, and African clients are unaffected. I have observed zero influence of the American tariffs on these nations.
If anything, things that used to be held up for FOB out of full 40’GP have now been expedited to EX Works as American companies find their inventories depleted. As such, the uptick is just a surge. It will be followed by a new “normal” depending on the agreement reached between Trump and Xi.
Ah, but what do I know. I’m only in the business.
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