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 Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
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
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.