U.S. Proposes New Trade Talks with China
The Trump administration has invited China to resume high-level trade talks and ease escalating trade tensions between the countries.
#economics
The Trump administration has invited China to resume high-level trade talks and ease escalating trade tensions between the countries.
The two countries are already imposing tariffs on $50 billion worth of each other’s products. Trump is poised to impose a new round of taxes on another $200 billion in Chinese goods. He also says he has readied an additional $267 billion in levies that could be imposed on short notice.
Adding both new rounds of tariffs would push the U.S. total above $500 billion and cover virtually everything China ships to the U.S.
Trump bridles at China’s large trade surplus with the U.S. He also is frustrated by the country’s refusal to directly address his complaints that China extorts intellectual property from U.S. companies by making tech sharing a requirement to do business there.
The two countries have held formal trade talks on four occasions this year, but China has refused to budge on either of those issues.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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 The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.