2019-11-03 12:30:00 Sun ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Chinese trade delegation offers to boost purchases of U.S. agricultural products to reach an interim trade deal with the Trump administration. Chinese Vice Premier Liu He indicates an active key interest from China in buying $40 billion to $50 billion American agricultural products such as soybeans and pork bellies. China expects the Trump team to institute another tariff reprieve in light of the interim partial trade agreement. Thus, there would be no 5% tariff hike on top of the current 25% tariffs on $250 billion Chinese goods. China further expects the Trump administration to circumvent blacklisting some Chinese tech titans such as HuaWei and Tencent. In response, however, U.S. trade rep Robert Lighthizer emphasizes that the HuaWei case should be kept separate from the interim partial trade deal.
Chinese trade delegation indicates a key interest in keeping the renminbi currency steady within reasonable ranges of exchange rates. Any new competitive currency manipulation or misalignment would not serve in the best interests of America and China. Moreover, China plans to further open up its asset markets by lifting foreign capital investment restrictions from April 2020 onwards.
On balance, peace and engagement can help attain the best compromise in Sino-American trade negotiations.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-02-28 12:39:00 Thursday ET
New York Fed CEO John Williams sees no need to raise the interest rate unless economic growth or inflation rises to a high gear. After raising the interest
2017-11-03 06:41:00 Friday ET
Broadcom, a one-time division of Hewlett-Packard and now a semiconductor maker whose chips help power iPhone X, has announced its strategic plans to move it
2017-07-13 08:35:00 Thursday ET
President Donald Trump has announced that a major Apple iPhone upstream supplier, Foxconn Technology Group (aka Hon Hai Precision Group), will invest $10 bi
2023-05-14 12:31:00 Sunday ET
Paul Samuelson defines the mathematical evolution of economic price theory and thereby influences many economists in business cycle theory and macro asset m
2028-01-31 11:29:00 Monday ET
Today, the major passive index funds, private equity titans, hedge funds, and exchange funds etc combine to reshape Wall Street and several other global fin
2018-11-25 12:37:00 Sunday ET
The Chinese administration delivers a written response to U.S. demands for trade reforms. This strategic move helps trigger more formal negotiations between