U.S. officials head to China for high-level trade talks next week - Beijing

Share

Since the agreement there have been tentative signs that China is ready to make concessions to the U.S. in order to lessen the impact of the trade war on its economy, with the Wall Street Journal reporting in December that Beijing is preparing to replace its Made in China 2025 plan with a new economic blueprint that would aim for increased access to China for foreign companies.

"China's not doing well now". In December, they agreed to stop trading tariffs for a few months.

Shares in Apple slid nearly 10% after it announced late on Wednesday that it was trimming its sales forecast for the most recent quarter.

Shares of Apple rebounded on Friday after a 10 percent nosedive on Thursday on the revenue warning.

The makeup of the USA team was announced Friday by the trade representative's office.

"Apple makes its product in China". It appears to them that the United States itself is not clear on what it wants, said the sources.

Apple's lowered revenue outlook along with a double-digit drop in earnings at commodities giant Cargill Inc on Thursday may be among the clearest warning signs yet that the trade war's effects have begun to hit US companies.

It said the American delegation will be led by the deputy US trade representative, Jeffrey Gerrish, but offered no other details. That news that helped boost global markets.

The ministry said in a statement that vice minister-level officials from the two countries spoke on the phone and decided on the trip that aims to pick up on the consensus reached by the leaders in Argentina last month. They criticize his tactics but echo US complaints about Chinese industrial policy and market barriers.

"We know what sort of changes we need", White House economic adviser Larry Kudlow said in an interview with Fox Business on Friday.

In addition to Gerrish, the U.S. team will include the Office of the U.S. Trade Representative's top negotiator on agricultural issues, Gregg Doud; Treasury Under Secretary for International Affairs David Malpass; Commerce Under Secretary for International Trade Gilbert Kaplan; the U.S. Agriculture Department's under secretary for trade and foreign affairs, Ted McKinney; the U.S. Department of Energy's assistant secretary for fossil energy, Steven Winberg; and other senior officials. "Now, the question is can we negotiate these changes and can we do so with enforcement (and) with timetables".

Share