May 03 2018
"Instead of tariffs, we strongly encourage the administration to build an global coalition that can challenge China at the [World Trade Organization] and beyond", Dean Garfield, president of the Information Technology Industry Council wrote in a letter last month to Treasury Secretary Steven Mnuchin, one of the United States officials visiting China this week. "It's a big, big challenge". "It has not worked well for us".
China's unique political system and centralised leadership mean that it will have more endurance should a trade war break out, the official said.
He is due to travel to China with Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and White House economic advisers Peter Navarro and Larry Kudlow to meet with their counterparts on Thursday and Friday.
The trade group - which represents more than 60 big tech companies including Apple, Amazon and Facebook - said many countries share the United States' concern about Beijing's unfair trade practices.
Trump administration officials this week have already lowered expectations for a breakthrough, saying the trip could be cut short if it's not satisfactory and that President Donald Trump will have the final say on accepting any deals.
The U.S.is coming to the table with a laundry list of complaints about how China controls its markets.
US -based trade experts said they expected Beijing to offer Trump's team a package of policy changes that may include some previously announced moves, such as a phase-out of joint venture requirements for some sectors, autos tariff reductions and increased purchases of USA goods. "This won't be, suddenly in Beijing, a breathtaking release (that) everything is solved". China and the USA have already signaled $50 billion of retaliatory tariffs are coming.
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The news agency also quoted experts as saying that Xi-Modi meeting is significant for bilateral ties and regional cooperation. China-India relations have been under considerable strain as the two nations compete for leadership in Asia.
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Ross did not provide details on the Trump administration's specific demands on China but said, "We have a pretty good idea of what we need to come out with". The U.S. trade deficit with the Asian nation has grown too big and is "inspired by evil practices", he said.
The US government says it's taking action against China over policies that have enabled Chinese firms to unfairly get their hands on sensitive technology from American companies.
"I'm looking forward to very frank discussion on the trade issues, and to continue those discussions and see if we can reach a mutual solution to this", Mnuchin said on Bloomberg Television on Monday.
"Delegation heading to China to begin talks on the Massive Trade Deficit that has been created with our Country", he tweeted as the team prepared to leave.
China hopes that the talks between the United States and North Korea will "achieve substantial progress", the Xinhua news agency reports.
"I think the goal from the American side is to get this conversation back on track from both sides talking past each other to China really understanding that the American concerns are genuine", he added.
May 03 2018
$100 billion share buyback boosts Apple's shares
Apple's share in the Indian smartphone market has stagnated to 3 percent over the recent quarters. Individually, the App Store, Apple Music , iCloud, and Apple Play all achieved record revenues .
May 03 2018
Seoul says troop withdrawal not linked to treaty
Secretary-General Antonio Guterres on Tuesday, Moon said he wants the U.N.to observe the closure of the Punggy-ri test site. Seoul appears to be moving quickly to show the North it will follow through on the commitments it made during the summit.
May 02 2018
Trump Reaffirms Coercive Strategy for World Cup 2026
The host of the 2026 World Cup will be named June 13, a day before the opening match of the 2018 World Cup in Russian Federation . The North American bid has the support of 16 voting nations in South and Central America, as well as Saudi Arabia.
May 02 2018
Trump slams 'disgraceful' leak of Mueller questions
AP's Eric Tucker gives context to this latest development in the story about the Russian Federation investigation. Trump has also repeatedly dismissed accusations of collusion, calling Mueller's probe a "witch hunt ".
May 01 2018
The Tinder Fire Has Forced Evacuations In The Clear Creek Area
Coconino County Emergency Management (CCEM) has activated an Emergency Operations Center in support of the Tinder Fire . Authorities believe Arizona wildfires are human-caused, but the official cause is still under investigation .
Apr 29 2018
Aztecs' Rashaad Penny drafted by Seahawks in first round of NFL Draft
According to Josina Anderson of ESPN , Seattle has remained firm on those trade demands heading into the second day of the draft. Penny was a first-team Associated Press All-America selection and finished fifth in the Heisman Trophy voting.
Apr 29 2018
Ravens GM Ozzie Newsome emotional after last draft with team
Moore (Maryland). "This doesn't really change things in a sense that we're going to go with Joe and he's going to roll". STILL NEED: The Ravens are fine with running back Alex Collins but hoped to find at least one backup in the draft.
Apr 28 2018
Patriots Acquire Trent Brown From 49ers
Asked after that pick whether Brown was a potential trade candidate, Kyle Shanahan passed the question over to John Lynch . After all, the Niners had two starting-caliber tackles penciled in for the upcoming season, Joe Staley and Trent Brown .
Apr 27 2018
Pelicans void sale of playoff tickets after code leaked to public
Having played in just eight playoff games, Davis is averaging 32.3 points (258 points total) in the postseason. The guard battle of Curry and Klay Thompson versus Jrue Holiday and Rajon Rondo will be fantastic to watch.
Apr 26 2018
Labour demands government changes 'cruel' immigration policy
Ms Rudd also denied that the Government's target to bring migration down to the hundreds of thousands had fuelled the problem. The Home Secretary says she "bitterly regrets" not seeing the Windrush scandal as a wider issue than isolated cases.
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