Mexican Media Brands
China: No Trade Deal Unless U.S. Drops Tariffs
China reiterates that it won’t agree to a trade deal with the U.S. unless it includes an end to punitive tariffs imposed by the Trump administration.
#economics
Share
China reiterates that it won’t agree to a trade deal with the U.S. unless it includes an end to punitive tariffs imposed by the Trump administration.
White House officials have indicated that the U.S. wants to retain some tariffs as a way to enforce a deal. But China says talks will “go backward again” if U.S. negotiators insist on doing so, Bloomberg News reports.
When talks were suspended in May, China made the same demand as a condition for resuming negotiations. China also insists that any hikes in its purchase of U.S. goods must be in line with actual demand. It further asserts that an agreement must be grounded on equality and mutual respect.
Earlier this week President Donald Trump indicated that any trade deal with China should favor the U.S. He also claimed that China President Xi Jinping promised “tremendous” increases in the purchase of American agricultural goods when the two leaders met in Japan last weekend.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future