Jun 03 2018
US Commerce Secretary Wilbur Ross started to meet officials in Beijing on Saturday for talks on China's promise to buy more American goods after Washington revived tensions by renewing its threat of higher tariffs on mainland hi-tech exports.
Mnuchin, speaking at a G7 finance leaders meeting in Canada where he was the target of United States allies' anger over steel and aluminium tariffs, said the China talks would cover other issues, including the Trump administration's desire to eliminate Chinese joint venture requirements and other policies that effectively force technology transfers.
USA treasury secretary Steven Mnuchin said on Saturday the United States wanted this weekend's talks to result in structural changes to China's economy, in addition to increased Chinese purchases of American goods.
China has also threatened to hit back with tit-for-tat tariffs on tens of billions of dollars in USA goods.
Ross, who was preceded in Beijing this week by more than 50 USA officials, was expected during the two-day visit to try to secure long-term purchases of US farm and energy commodities to help shrink a $375 billion trade deficit with China.
A White House statement last week, which took aim at years of "unfair" trade practices, warned the United States would pursue 25% tariffs on $50bn (£37bn) worth of Chinese imports.
The American Embassy in Beijing did not immediately respond to a request for comment.
Canada plans to impose tariffs of up to 25% on about $13bn worth of U.S. exports from 1 July.
Mohamed Salah 'confident' of being fit in time for World Cup finals
Karius was in tears at the final whistle and none of Liverpool's frustrated players stopped to console him on the pitch. Liverpool manager Jurgen Klopp expressed greater concern and said it was a "really serious injury".
China scolds USA for pulling invitation to major naval drill
The formation of islands, islets and reefs are also partially claimed by Brunei, Malaysia, the Philippines, Taiwan and Vietnam. China's expulsion from the drills was described as an "initial response", suggesting that there might be more to come.
South Korea says North Korea committed to 'complete' denuclearisation, summit with Trump
Donald Trump has said negotiations over a potential summit with the leader of North Korea are "going along very well". He said there is a "lot of good will" and denuclearization of the Korean Peninsula would be "a great thing".
The purchases are partly aimed at shrinking the $375 billion USA goods trade deficit with China.
He said Washington would use its move on Tuesday to slap punitive tariffs on Chinese imports as a bargaining chip.
On the Chinese side, officials including Commerce Minister Zhong Shan, Central Bank Governor Yi Gang, Vice Agricultural Minister Han Jun, and Li Fanrong, vice minister of national energy administration, accompanied Liu in the talks, according to a media pool report.
Beijing has resisted U.S. pressure to commit to a firm target of narrowing its annual surplus with the United States by $200 billion.
"Our meetings so far have been friendly and frank, and covered some useful topics about specific export items", Ross said.
Ross and Liu held a working dinner Saturday ahead of their talks.
The US pressure over technology policy reflects growing American concern about China's status as a potential competitor and complaints Beijing improperly subsidizes its fledgling industries and shields them from competition.
That might alienate allies who share complaints about Chinese technology policy and a flood of low-cost steel, aluminum and other exports they say are the result of improper subsidies and hurt foreign competitors.
Jun 03 2018
Sears (and Kmart) will close these stores in Pa.
Sales at Sears stores open at least one year, a closely watched industry metric, fell 13.4 percent during the most recent quarter. Liquidation sales at the stores will begin as early as June 14 and all stores will close by early September, the company said .
Jun 01 2018
Xiaomi Mi 8 with Snapdragon 845 chipset, 3D face unlock launched
A Xiaomi spokesperson declined to comment when we asked if the company wanted to talk about the Mi 8's similarity to the iPhone X. The processor is the new Snapdragon 710 , Qualcomm's chip for upper-mid-range devices that was just introduced the other week.
May 31 2018
Parents of Parkland Victims Condemn ‘Active Shooter’ Video Game
Steam's owner, Valve, said the game's publisher and developer had a bad history with the company, which led to its cancellation. Ryan Petty , who lost his 14-year-old daughter Alaina Petty in the Parkland shooting in February, dubbed the game "despicable".
May 30 2018
State of emergency declared as Baltimore devastated by floods
The river rose 17.8 feet in two hours Sunday afternoon, to 24.1 feet, a record from the previous high of 23.6 feet. Destroyed chunks of roadway rest after being washed into a riverbed in flood-ravaged Ellicott City, Maryland .
May 29 2018
Gas prices nearing $3 gallon nationally
Jackson added that she'd like to go SC for the holiday, but gas prices are so high she sometimes has to choose between activities. As of Friday afternoon, the average price of regular gas in the area was $2.90, up from $2.15 on May 25, 2017.
May 26 2018
Fiat Chrysler warns millions of owners: Don't use the cruise
Fiat Chrysler was under fire in 2015, when USA regulators issued it $175 million in penalties because of safety lapses. Also covered are the 2015-2017 Chrysler 200, the 2014-2018 Chrysler 300, the 2017 and 2018 Chrysler Pacifica minivan.
May 25 2018
Harvey Weinstein has turned himself in. What's next?
Asked "what can you say?" he mildly shook his head and softly said "no". "The conversation will keep getting deeper", she said. The officials spoke Thursday to the AP on condition of anonymity because they weren't authorized to discuss the investigation.
May 25 2018
Here's why Amazon Echo recorded a family's conversation
Users had reported in March this year , that Alexa was laughing creepily in the background and many were scared by the same. She was livid with the discovery and took the colleague's advice by unplugging her Amazon Echo devices from her house.
May 18 2018
No Man's Sky will get cooperative multiplayer this July
Though multiplayer already exists in the game but Murray said this update will bring more interaction between players in the game. The new update will allow players to group, build, race, survive or just explore in the massive world of No Man's Sky .
May 18 2018
Liam Payne has revealed the release date of his debut solo album
We had to change restaurants three times, my mum got knocked over by a paparazzi, then I was like 'Right, I'm done". And Steve Mac, who has been working on Liam's record, previously promised it will feature "hit after hit".
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