'China Will Take Down Its Trade Barriers'

NYSE logo adorns the entrance to the trading floor the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday April 10

"President Xi spoke in terms of China's own need and commitment for market reform and liberalization, but no doubt he was also sending a signal to the US government that he wants there to be cooperation and dialogue, not conflict and a trade war".

President Xi Jinping set the stage Tuesday for a possible effort to resolve a worsening clash with Washington over technology and trade by promising to cut auto import taxes, improve intellectual property protection and boost imports. "Great future for both countries!"

Trump has also said the ongoing trade dispute may generate "a little pain" in the short term, including big losses on Wall Street.

Mr Xi tried to position China as a defender of free trade and cooperation in response to Mr Trump's "America first" calls for import restrictions and an overhaul of trade deals to make them more favourable to the United States.

"Confidence building measures between China and the United States are necessary at this time to de-escalate the tensions. and that would go a long way today and tomorrow if the President were to say something on that front", he said.

President Trump has taken particular aim at what the US calls unfair Chinese practices that force American companies to transfer technology and that permit cybertheft.

"President Xi and I will always be friends, no matter what happens with our dispute on trade", Trump tweeted Sunday.

The president made fixing the trade imbalance with China a centerpiece of his presidential campaign, where he frequently used incendiary language to describe how Beijing would "rape" the USA economically.

Facebook tightens issue ads, political ads to prevent election interference
According to the statement by Facebook, the company is continuing to cooperate with investigations by regulatory authorities. But Christopher Wylie - the firm's former director of research, turned whistleblower - can't say how the data was used.

"I don't think there's any trade war in sight", Kudlow told Fox. "So far, no tariffs and no action have been enacted".

"Oil prices have been susceptible to the brewing trade tensions between China and the U.S. However, fundamental support levels have been demonstrated with OPEC's suggestion on a production limit extension into 2019", said Singapore-based Phillip Futures.

White House trade adviser Peter Navarro told NBC's Meet The Press that "we're moving forward in a measured way".

But he said the White House is willing to negotiate and is in regular contact with Chinese officials.

"We do have constant communication with them", chief economic adviser Larry Kudlow said on "Fox News Sunday".

The China trade issues should be handled in "a much more calculated way", Crowley said.

Speaking Friday on CNBC, Mnuchin said Trump is not aiming to provoke a conflict with China, but he is determined to defend United States interests and "there is the potential of a trade war". In announcing a plan earlier this month to slap new levies on $50 billion of Chinese goods, the White House singled out items in biomedicine, aerospace, new-energy vehicles and others, mainly key components in a government initiative known as "Made in China 2025".

China has promised to put a tariff on American soybeans if Trump goes through with his threatened tariffs on up to $150 billion in Chinese goods. His remarks seemed created to offer some policy initiatives, if not concessions, while drawing a contrast with President Trump's "America First" agenda and portraying China as a steady global partner committed to the worldwide trade order. The grain farmer, who is also a representative for Farmers for Free Trade, an advocacy group, also said Trump's "logic is so far out there". "They must end unfair trade, take down barriers and charge only Reciprocal Tariffs".

Related news:

Hot News

isis-killer-beheading-video-story-top Phil Mickelson turns attention toward career grand slam quest
Apr 10, 2018 - 20:17
Making up the numbers is uncharted territory and Mickelson's post-round comments were tinged with sadness. Disappointed in his showing this week, Mickelson will turn his attention toward the next major - the U.S.

isis-killer-beheading-video-story-top Vettel marks 200th race with thrilling win
Apr 10, 2018 - 20:14
The top three soon broke away from the rest of the pack, while there was plenty of action going with the remainder of the grid. The gap dipped below five seconds heading towards the final 10 laps, and suddenly Vettel's lead began to quickly diminish.

isis-killer-beheading-video-story-top Pep Guardiola talking about Paul Pogba before derby was 'mistake' - Jose Mourinho
Apr 10, 2018 - 20:13
Manager Alex Ferguson provided an ever so succinct summary of the game afterwards: "Football, eh?" We were just 2-0 down. Combined with Burnley's late 2-1 win over Watford, and the Foxes sit six points back of seventh place.

isis-killer-beheading-video-story-top Syria says suspected U.S. missiles fired at air base; Washington denies strike
Apr 10, 2018 - 20:12
SANA reported that there were deaths and injuries as a result of the attack but did not give exact figures. Nebenzia alleged that the anti-government forces had chemical weapons and could stage an attack.

isis-killer-beheading-video-story-top Man develops thunderclap headaches after eating Carolina Reaper, world's hottest pepper
Apr 10, 2018 - 20:10
Thunderclap headaches are severe, sudden, with quick pains that strike like a clap of thunder rumbling through your skull. The Reaper has been measured at more than 2 million Scoville heat units, the accepted scale for how hot peppers are.

isis-killer-beheading-video-story-top Joe ready to put his Hart into Hammers
Apr 10, 2018 - 19:50
Joe Hart retains his place between the sticks for West Ham. "I thought I saw a definite movement with his knee towards Jack". For West Ham, it was a valuable point in their fight to beat the drop, with a sizable advantage now over the bottom three.

isis-killer-beheading-video-story-top Short Term Technical picture - Microsoft Corporation (MSFT)
Apr 09, 2018 - 01:13
The current share price indicate that stock is -62.79% away from its one year high and is moving 14.29% ahead of its 52-week low. It dropped, as 39 investors sold MSFT shares while 1012 reduced holdings. 38 funds opened positions while 69 raised stakes.

isis-killer-beheading-video-story-top Zidane: Madrid Will Not Give Barcelona A Guard Of Honour
Apr 09, 2018 - 01:12
Asked about the seemingly pre-planned sub after the match, Zidane told reporters: "It was just to rest". He said: "They're all important for me and he'll be an important player until the end of the season".

isis-killer-beheading-video-story-top Puigdemont Urges Spain to Allow Catalonia to Form Government
Apr 09, 2018 - 01:11
He was trying to drive from Finland to Belgium, where he had been living since fleeing to escape arrest in Spain . Puigdemont left jail in Germany on Friday after a court said he could be released on bail.

isis-killer-beheading-video-story-top How YouTube shooter turned from defiant to deadly
Apr 09, 2018 - 01:08
One of the victims - a 36-year-old man - remained in critical condition, a spokesman for San Francisco General Hospital said. As officers entered they found one victim at the front of the building with an apparent gunshot wound, Jackson said.

Israeli army kills seven Palestinians, wounds 1000 at Gaza rally
Apr 09, 2018 - 00:58
Israel has deployed more than 100 snipers with orders to shoot anyone approaching the buffer zone near the Gaza border. Palestinians in the Gaza Strip have ferried carts of tires to the border fence with Israel in recent days.

isis-killer-beheading-video-story-top Spurs condemn Stoke to fourth straight defeat
Apr 08, 2018 - 02:13
I swear it was my goal, you've got to take my word for it. "It's the three points that are the most important for us". "Our target is to finish in the top four, possibly second, which is better than third or fourth".

isis-killer-beheading-video-story-top Oil steady as US-China trade tensions ease
Apr 08, 2018 - 02:12
USA oil inventories shrank the most since January, according to government data yesterday, in contrast to a forecast expansion. The decline in U.S. stockpiles has boosted optimism that surging shale output may not thwart Opec's efforts to drain a glut.

isis-killer-beheading-video-story-top USA imposes fresh Russian sanctions, Deripaska hit hardest
Apr 08, 2018 - 02:11
Associated Press writers Matthew Lee and Catherine Lucey in Washington and Vladimir Isachenkov and Nataliya Vasilyeva in Moscow contributed.

isis-killer-beheading-video-story-top Cripps, Moosman lead Carbon Softball to Dominating Win
Apr 08, 2018 - 02:10
Graham's two-run homer to left field tacked on two more runs for a 4-0 lead, her third home run of the season. Hannah Hendrickson drove in two runs, and Aubrey Biederman had two hits and a walk and drove in a run.