Mexican Media Brands
China Pledges to Ease Market Access for U.S. Businesses
China’s Premier Li Keqiang says the country is willing to lower barriers to avoid a trade war with the U.S.
#economics
Share
China’s Premier Li Keqiang says the country is willing to lower barriers to avoid a trade war with the U.S.
The Trump administration wants China to immediately slash its $375 billion trade surplus with the U.S. by $100 billion.
The U.S. also has demanded that China reduce its 25% import taxes on U.S. cars, buy more U.S. computer chips, enable American companies to own controlling interest in Chinese companies and drop rules that force companies to give up trade secrets for access to the Chinese market, sources tell The Wall Street Journal.
Li says the two countries should “adopt a pragmatic and rational attitude.” They have been swapping belligerent comments about each other’s trade policies in public but are negotiating in private, Reuters reports.
The Financial Times reports that China has offered to increase the $2.6 billion in U.S. semiconductors it bought last year by reducing purchases from Taiwan and South Korea. The London-based newspaper says China also hopes to finalize rule changes by May that would enable financial groups to acquire majority equity in Chinese securities firms.
RELATED CONTENT
-
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 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.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.