Chinese President Xi JingPing calls President Trump to reach Sino-American trade conflict resolution.

Monica McNeil

2019-01-04 11:41:00 Fri ET

Chinese President Xi JingPing calls President Trump to reach Sino-American trade conflict resolution. Xi sends a congratulatory message to mark 40 years since the progressive normalization of diplomatic relations between China and America. In fact, cooperation is the best choice for both sides in light of bilateral trade history. As Xi politely urges the Trump administration to compromise on the bilateral trade standoff, Xi seeks to avert the unilateral U.S. imposition of hefty tariffs on Chinese goods. The reconciliatory gesture serves as a mild response to the previous Trump trade battle plan of raising 10%-to-25% tariffs on $200+ million Chinese goods.

Trump tariffs are detrimental to the Chinese economy because the Shanghai-and-Shenzhen composite stock market indices plunge double-digits with subpar 6.5% real GDP growth in 2018. During the current 90-day trade truce, both teams hope to reach an eventual trade agreement that would benefit both countries as early as possible. Both presidents express sincere goodwill to implement Sino-U.S. trade concessions made on the G20 summit sidelines in 2018Q4.

As U.S. trade rep Robert Lighthizer characterizes the risks of allowing China to join the World Trade Organization, trade alone cannot douse the flames of international rivalry, whereas, economic prosperity often contributes to bilateral conflict.

 


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.

Blog+More
House of Representatives considers a government expenditure bill with border wall finance and so sets up a shutdown stalemate with Senate.
Laura Hermes

2018-12-23 13:39:00 Sunday ET

House of Representatives considers a government expenditure bill with border wall finance and so sets up a shutdown stalemate with Senate.

The House of Representatives considers a government expenditure bill with border wall finance and therefore sets up a shutdown stalemate with Senate. As fre

+See More
Financial institutions benefit from higher equity risk premiums and interest rate spreads.
Charlene Vos

2017-04-01 06:40:00 Saturday ET

Financial institutions benefit from higher equity risk premiums and interest rate spreads.

With the current interest rate hike, large banks and insurance companies are likely to benefit from higher equity risk premiums and interest rate spreads.

+See More
E.U. antitrust regulators impose a fine on Qualcomm for advancing its exclusive microchip deal with Apple.
Fiona Sydney

2018-01-17 05:30:00 Wednesday ET

E.U. antitrust regulators impose a fine on Qualcomm for advancing its exclusive microchip deal with Apple.

European Union antitrust regulators impose a fine on Qualcomm for advancing its key exclusive microchip deal with Apple to block out rivals such as Intel an

+See More
Federal Reserve Chair Jerome Powell announces the monetary policy decision to lower the federal funds rate by a quarter point to 2%-2.25%.
Chanel Holden

2019-09-07 17:37:00 Saturday ET

Federal Reserve Chair Jerome Powell announces the monetary policy decision to lower the federal funds rate by a quarter point to 2%-2.25%.

Federal Reserve Chair Jerome Powell announces the monetary policy decision to lower the federal funds rate by a quarter point to 2%-2.25%. This interest rat

+See More
President Trump tweets that he asks the SEC to assess the practical implications of switching to a 6-month corporate disclosure cycle.
John Fourier

2018-08-17 11:45:00 Friday ET

President Trump tweets that he asks the SEC to assess the practical implications of switching to a 6-month corporate disclosure cycle.

In accordance with the extant corporate disclosure rules and requirements, all U.S. public corporations have to report their balance sheets, income statemen

+See More
President Trump signs an executive order to freeze federal employee pay in early-2019.
Rose Prince

2019-01-06 08:39:00 Sunday ET

President Trump signs an executive order to freeze federal employee pay in early-2019.

President Trump signs an executive order to freeze federal employee pay in early-2019. Federal employees face furlough or work without pay due to the govern

+See More