Trade Representative Robert Lighthizer as soon as next week. If the two sides make sufficient progress, Liu could travel to Washington for higher-level talks with U.S. He cannot risk caving in to US pressure.") (On the other hand, the FT's George Magnus sees little more than Chinese rhetoric changing where it matters: "Xi is prepared to accede to change but not to anything that threatens China's core interests. And it has started buying American rice and soybeans again and scrapped punitive tariffs it imposed on U.S. To that end, the Post team reports, China recently released a draft law to bar Chinese officials from interfering with foreign companies' operations. negotiators want assurance that it won't use government authority over licensing, environmental regulation and other areas to hinder U.S. In addition, if Beijing revises regulations to boost U.S. side wants China to be specific about what it will purchase by specific dates. Now, negotiators are attempting to hammer out specifics and enforcement mechanisms, the Wall Street Journal's Lingling Wei reports. demands - to boost purchases of American goods and services, better protect American intellectual property and liberalize access to their markets. The Chinese side has made broad offers to meet U.S. Trump tweeted his optimism Tuesday morning: "Talks with China are going very well!" the president wrote. And Chinese Vice Premiere Liu He, President Xi Jinping's economic czar, made an appearance "to spur on negotiators" and signal Chinese seriousness.īack in Washington, Commerce Secretary Wilbur Ross told CNBC there's a "very good chance that we will get a reasonable settlement that China can live with, that we can live with and that addresses all of the key issues." The Chinese are planning on issuing a detailed readout at the conclusion of the talks amid signs of progress, Bloomberg reports. “We’ve both got budgets in deficit, we’re both trying to tame the inflation beast, and we’ve both got structural deficits reaching out over the decade, and we have to implement policies that are going to rein in the deficits and bring the budget back into structural stability,” he told Sky News.Indeed, The Washington Post's Anna Fifield, Gary Shih and David Lynch point to "mounting optimism" for progress on both sides as the talks kicked off Monday. There are also differences over the lessons from the turmoil in the United Kingdom last week, when financial markets recoiled from tax cuts revealed by British Prime Minister Liz Truss and dropped within days in a bid to calm investors.Īssistant Treasurer Stephen Jones acknowledged there were similarities with the United Kingdom and, like Gallagher, said there was no decision “yet” on the tax cuts. Views within the government range from a concern over the cost and a willingness to amend the tax plan to a strong belief that the public debate is unnecessary and the entire tax package should be kept intact to assure voters that Albanese and his government will keep its promises.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |