Mexican Media Brands
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
Share
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
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
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 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