President trump and china

The US and China reached an agreement at their 13th round of trade talks in Washington. US President Donald Trump, as always, did not skimp on the fine words he could find to praise this result. At least, the US and China reached an agreement after so many bilateral trade talks. At least, there is something which both parties could present as success and achievement, as a result of good will and patience. Or rather, they considered it as success and achievement.   President Donald Trump shakes hands with Chinese Vice Premier Liu He after announcing a “phase one” trade agreement with China in the Oval Office on October 11. Photo: Win McNamee/Getty Images According to this agreement, the US refrains from increasing punitive trade tariff from 25% to 30% on US$250 billion worth of Chinese exports into the US starting October 15th and China accepted to buy US$40 billion to US$50 billion worth of farm produce from the US. The US got also some commitments from China … [Read more...] about US-China Phase One trade deal: Much hailed but minimal

Americas News Trump's hailing of US$50 billion in Chinese farm purchases seen as 'meaningless' The Saigon Times Daily Tuesday,  Oct 15, 2019,16:57 (GMT+7) Trump's hailing of US$50 billion in Chinese farm purchases seen as 'meaningless'The Saigon Times Daily Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019 – PHOTO: REUTERS BEIJING (REUTERS) - China is still a long way from forking out US$50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end a trade war with China, U.S. President Donald Trump on Friday lauded his counterparts for agreeing to make purchases of US$40 billion to US$50 billion in U.S. agricultural goods. That would be double the US$24 billion China spent on American farm goods in … [Read more...] about Trump’s hailing of US$50 billion in Chinese farm purchases seen as ‘meaningless’

In a joint statement issued after their talks and the signing of the document on the sidelines of the 74th session of the UN General Assembly in New York (US), the leaders affirmed that the two countries have reached a bilateral trade agreement on reducing tariffs on agricultural and industrial goods. At the same time, they agreed to curb actions that run counter to the spirit of initial commitments, while striving to work out solutions to the tax-related disagreements and continuing to conduct consultations to reach a comprehensive deal within the next few months. Under the “initial-phase” agreement, Japan will reduce tariffs on US$7 billion worth of agricultural goods imported from the US, including beef, pork, wheat and buckwheat. In return, the US will reduce taxes on US$40 million of agricultural products and loosen the duty-free quotas on Japanese beef imports. Notably, the text of the agreement contained no explicit assurances, but the Japanese side received the … [Read more...] about Newly signed deal eases US-Japan trade tensions

* Indonesia is estimated to maintain a healthy growth rate in 2019 and 2020 on the back of continuing strong domestic consumption, the Asian Development Bank (ADB) said in its 2019 Asian Development Outlook (ADO) released on Wednesday. * Philippine economic growth in this and the next year will be slightly lower than earlier forecast on the back of a slowdown in the global economy and domestic investment, the Asian Development Bank (ADB) said in its updated report launched on Wednesday. * At the meeting on Wednesday with Indian External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the General Debate of the 74th session of the UN General Assembly, Chinese State Councilor and Foreign Minister Wang Yi said that strengthened communication with India benefits the two countries as well as the world at large. * US President Donald Trump met with his Ukrainian counterpart Volodymyr Zelensky in New York on Wednesday, a day after US House Speaker Nancy Pelosi's announcement of … [Read more...] about World News in Brief: September 26

* Singaporean Prime Minister Lee Hsien Loong on Friday defended multilateralism at the UN General Assembly, saying a multilateral approach is not an option but a necessity in today's interconnected world. * Chinese tourists will make nearly 800 million domestic trips and another 7.5 million overseas during the upcoming week-long National Day holiday, said a report released Friday. * The 86th Mekong River joint patrol led by China, Laos, Myanmar and Thailand concluded Friday, as three Chinese and two Laotian law enforcement boats anchored at Guanlei Port, Xishuangbanna Dai Autonomous Prefecture in southwest China's Yunnan Province. * China has initiated relevant domestic legal procedures for its accession to the Arms Trade Treaty (ATT). The announcement, which sends out a positive signal of China's readiness to become a State Party to the ATT, was made by Chinese State Councilor and Foreign Minister Wang Yi at the United Nations General Assembly on September 27. * The Republic of Korea … [Read more...] about World News in Brief: September 28