Global 

US-China trade talks collapse was ‘not normal’, says veteran US negotiator, as focus turns political

The dramatic collapse in US-China talks in May suggested that Chinese negotiators did not have full political backing for the concessions they proposed to reach a deal to end the trade war, according to a veteran US trade official ahead of the resumption of face-to-face negotiations this week in Shanghai.China was reported to have made last minute, large-scale edits to a near-150 page trade agreement draft, which scuppered the prospects for a deal after 11 rounds of negotiations.The changes… Source link

Read More
Global 

China’s top US trade war negotiator sidesteps growth risks as Beijing digs in for extended battle

China’s economic performance in the first half of 2019 is in line with expectations, according to Vice-Premier Liu He, with Beijing seeking to shore up confidence as it digs in for a potentially protracted trade war with the United States.“Macroeconomic indicators of growth, employment and consumer prices are all in normal ranges,” said Liu, the top economic aide to President Xi Jinping and China’s top negotiator in trade talks with the Trump administration, according to the official state-run… Source link

Read More
China 

Has Trump’s ‘Art of the Deal’ met its match in Xi Jinping’s long game? FBI’s former crisis negotiator breaks it down

US President Donald Trump lacks the negotiating talent needed to resolve the US-China trade war in America’s favour, according to James Chip Massey, a former crisis negotiator at the US Federal Bureau of Investigation (FBI), who now advises CEOs on business negotiations.Massey, who spent weeks of intensive training to join the FBI’s Crisis Negotiations Team and once worked on espionage cases, told the South China Morning Post that he holds little hope for Trump, given the president’s famed… Source link

Read More
China 

China’s top trade negotiator Liu He to meet Donald Trump on Friday

China’s top trade negotiator Liu He will meet US President Donald Trump on Friday afternoon in Washington as the two nations race to reach a deal before the March 1 deadline for the US more than doubling its tariffs on US$200 billion worth of Chinese imports.The meeting, listed on the White House’s daily schedule for 2.30pm, will cap two days of top-level talks between the two sides.The news that Vice-Premier Liu had secured another face-to-face meeting with Trump raised hopes that the world’s… Source link

Read More
Home 

‘Headline guy’ Donald Trump urged by former US trade negotiator to reject China’s offer to buy more American goods

An offer to import more American goods as a means of defusing the trade war with China should be rejected by US officials, said the former head of trade negotiations with the mainland, who dismissed such diplomacy as “nonsense”. After the meeting between US President Donald Trump and Chinese counterpart Xi Jinping during the G20 summit in Buenos Aires last week, it was announced that China would begin buying more US goods as a means of narrowing the trade imbalance between the two economic superpowers. Frank Lavin, who served as…

Read More
Global 

China’s former chief trade negotiator criticises Beijing’s ‘unwise’ tactics in US tariff war

China’s former chief trade negotiator openly criticised Beijing’s trade war tactics on Sunday, singling out the decision to impose tariffs on soybeans as ill-thought out. The comments by Long Yongtu, a former vice-minister with China’s foreign trade ministry who led the talks that led to China’s entry to the World Trade Organisation, offered a rare glimpse of the country’s internal divisions on how to handle the dispute with the United States. He told the annual conference organised by Caixin, an influential Chinese financial media outlet, that it was inappropriate to…

Read More