US, China Privately Work to Mend Trade Disagreement

U.S. President Donald Trump surrounded by business leaders and administration officials prepares to sign a memorandum on intellectual property tariffs on high-tech goods from China at the White House in Washington

BEIJING, March 24 - Chinese Vice Premier Liu He had a phone conversation with U.S. Treasury Secretary Steven Mnuchin Saturday morning, urging concerted efforts to maintain the stability of China-U.S. trade ties.

White House trade adviser Peter Navarro confirmed that President Donald Trump asked Mnuchin and Lighthizer to try to resolve trade differences with China.

China has prepared and has the strength to safeguard national interests, but it also hopes that both sides could remain rational and work together to preserve the broad picture of China-U.S. economic and trade relations.

"We've spoken to China and we're in the midst of a very large negotiation", he said on Thursday as he announced he was threatening China with tariffs on as much as $60bn in imports and other restrictions.

Meanwhile, The Dow surged 669 points its third-biggest point gain in history and had its best day in two and a half years.

Elon Musk's Dad Just Had A Kid With His Stepdaughter
The Canadian dollar closed at 77.78 cents USA , up 0.31 of a US cent following the most recent reading on inflation in Canada. The stock has performed -12.89 percent around most recent 30 days, and changed -8.34 percent over the most recent 3-months.

Stocks rose nearly everywhere on Monday, reflecting optimism that the United States and China are set to begin negotiations on trade.

A commentary published by Xinhua warned the United States against provoking retaliation by China.

China needs to further open its capital markets and create a level playing field for foreign investors while allowing more risk-hedging tools in the country's markets, the head of an Asian securities industry body said on Tuesday. "These are all the things we want to do".

"We're cautiously hopeful we'll reach an agreement, but if not we are proceeding with these tariffs unless we have an acceptable agreement that the president signs off on", Mnuchin said on Fox News on Sunday.

Bloomberg Quint has given a detailed report on how the market is reacting to the escalating tension between the United States and China and what is now looking more and more like a trade war in the making.

'Fortnite Mobile' Earns $1 Million in Its First 72 Hours
Battle Royale is much more popular than the Save the World world, and Epic admitted the user bases were " very lopsided". And then a new version called Fortnite: Battle Royale appeared in September 2017.

Benchmark 10-year U.S. Treasury notes fell 7/32 in price to yield 2.852 percent after a lackluster $30 billion 2-year note auction by the U.S. government.

Hu Yijian, dean of the Institute of Public Policy and Governance at Shanghai University, told People's Daily there were many cards China could play in a trade war: "From soybeans to cars and airplanes, combo boxing can be used to fight back".

Last week, Trump signed decree for duty on imports of Chinese goods worth 60 billion United States dollars, but this can happen after a 30-day consultation period beginning with the publication of a list of affected goods. Beijing has responded with plans to target $3 billion worth of USA products and warnings that it's ready to inflict more pain.

China could also inflict pain on USA multinationals that rely on China for a substantial - and growing - portion of their total revenues, said Alex Wolf, senior emerging markets economist at Aberdeen Standard Investments. And, we shouldn't stay put watching someone wrecking the boat.

China can increase the regulatory burden on USA companies through new inspections and rules; ban travel; stop providing export licenses of key intermediate goods; raise the tax burden on U.S. multinationals in China; or block United States companies from the government procurement market, he said.

Loyola-Chicago vs. Kansas State - NCAA Elite 8
Still, despite the ideal start, the Ramblers only briefly took a double-digit lead before Nevada sliced it back down below 10. Custer's acrobatic reverse layup made the Ramblers 10 of 10 in the half and gave them a 48-38 advantage with 13:03 to play.

The US on Friday officially filed a trade complaint at the World Trade Organisation (WTO) against China over its alleged discriminatory technology licensing practices. This is because thanks to Trump's exemptions on tariffs for Australia, there is potential for Australian goods to replace American exports into China.

Related News:

  • Saudi Arabia intercepts missile over capital city

    Saudi Arabia intercepts missile over capital city

    According to the official Saudi news agency, the Egyptian was killed by shrapnel from a missile that hit his home in Riyadh . Witnesses reported loud explosions and bright flashes in the sky in Riyadh , apparently caused by missiles being shot down.
    Toys R Us founder dies days after chain's announced shutdown

    Toys R Us founder dies days after chain's announced shutdown

    Its demise is partially to blame on competition from online shopping and other big box stores with sections dedicated to toys. The iconic toy giant kicked off its liquidation sale after announcing it will shut or sell all of its 735 stores.
    Iran, Yemen in focus as Trump and Saudi crown prince meet

    Iran, Yemen in focus as Trump and Saudi crown prince meet

    A key focus of his visit will be any information on a potentially lucrative listing of up to 5 percent of Saudi oil firm Aramco . In Yemen , the Kingdom says it is improving military targeting, opening up ports and pledging $1.5 billion in new aid.
  • Marvel Universe Fan-Favorites Join Brie Larson As 'Captain Marvel' Begins Production

    Marvel Universe Fan-Favorites Join Brie Larson As 'Captain Marvel' Begins Production

    The new Marvel film, Captain Marvel , will open March 8, 2019 , but it commenced filming Monday in Los Angeles. Marvel mantle to Muslim American teenager Kamala Khan, who as become one of Marvel's most popular characters.
    Stocks Close Lower As Fed's Comments Spark Turbulence

    Stocks Close Lower As Fed's Comments Spark Turbulence

    The central bank forecast two more rate rises for 2018, while predicting three more increases next year and two more in 2020. Central bankers see growth picking up this year and next, with GDP gaining 2.7 percent this year and 2.4 percent next year.
    John Dowd, Trump's Lead Attorney in Russia Probe, Resigns

    John Dowd, Trump's Lead Attorney in Russia Probe, Resigns

    He charged that the investigation "manufactured" and based on "fraudulent and corrupt" evidence. "WITCH HUNT!" he tweeted. Sekulow said in a statement that Dowd was "a friend and has been a valuable member of our legal team".
  • First non-stop flight between Australia and the United Kingdom  lands early

    First non-stop flight between Australia and the United Kingdom lands early

    It means the old route time, which involved stopping off in Singapore or the Middle East, has been cut by around three hours. Aviation consultant John Strickland said the launch of the flights is a significant moment for the airline industry.
    Palestinian Teen Activist Ahed Tamimi Sentenced to 8 Months in Prison

    Palestinian Teen Activist Ahed Tamimi Sentenced to 8 Months in Prison

    B'Tselem, an Israeli human rights group, issued a report Tuesday criticizing Israel's treatment of minors in its military courts. Tamimi's trial began on February 13 behind closed doors at the Israeli military court in the West Bank.
    Mattis Says Saudis 'Part of the Solution' in Yemen

    Mattis Says Saudis 'Part of the Solution' in Yemen

    The US Senate killed on Tuesday a resolution seeking an end to US support for the Saudi-led coalition in Yemen. Meanwhile, the U.S. formally approved defence contracts totaling more than $1bn with Saudi Arabia on Thursday.
  • Bank of England holds fire on interest rate

    Bank of England holds fire on interest rate

    The UK's unemployment rate has meanwhile dipped, reverting to the lowest level since 1975, after a brief rise. Economists and investors believe the next increase from the BOE could come as soon as May.
    Lights out for Earth Hour

    Lights out for Earth Hour

    The idea is to save energy during that hour, while also encouraging people to be more wary about how much electricity they use. This year Earth Hour celebrates 11 years of saving energy and raising awareness on the impact of climate change.
    Rand Paul exposes waste in the $1.3 trillion omnibus spending bill

    Rand Paul exposes waste in the $1.3 trillion omnibus spending bill

    However, Friday afternoon he agreed to sign the bill, because it would increase military spending, something he has championed. Thus, his conservative agenda was stripped away, in a pragmatic move to take the "throw him out of the WH" pressure.


Most liked

South Korea watching Kim Jong Un's China trip 'very closely'
Kim's father, who was known for shunning air travel, visited China four times by train between 2010 and 2011. US President Donald Trump has always been pressuring Chinese leader Xi Jinping to take action North Korea.

More wet weather on the way… This time its rain
Highs today will be much warmer than yesterday, but still a bit on the cool side only reaching the upper 40s. Temperatures this morning will bottom out in the low-mid 50s and climb into the upper 60s by the afternoon.

Sergio Garcia has unruly fan removed the World Golf Championships
He put his current Ping PLD putter in play at Genesis Open and the club had 4.5 degrees loft. Yesterday I could feel it after the round with my driver .

Catalonia leader Puigdemont arrested in Germany
Footage posted on social media shows crowds meeting with police wearing helmets, but the protests appeared to be peaceful. They called the Supreme Court judge a "fascist" and wrote the message that he is "not welcome in Das or anywhere".

Security tight as Karachi gears up for PSL final
Islamabad United have reclaimed PSL title as they beat Peshawar Zalmi in the final played at National Stadium, Karachi . Six Pakistani policemen and two civilians were killed, while six members of the Sri Lanka team were injured.

Modi govt 'afraid' of no-confidence motion, says Rahul Gandhi
Rahul Gandhi , the notice given to Cambridge Analytica for Data Manipulation has naturally anxious you". Watch News Nation's special coverage to know more details regarding the same.

Poisoned Russian spy 'sought pardon from Putin'
Investigators are removing the bench where poisoned former Russian double-agent Sergei Skripal and his daughter were found.

Iowa household of 4 located dead while vacationing in Mexico
Luis Avila, president of the Adams County Fair & Racing Association board, said the loss came as a shock on Friday. Louis to arrive on Thursday in case the Sharps had just planned to stay an extra day, Weland told ABC News.

Other Views: Use caution, not hysteria, after Uber self-driving car fatality
Also in question was the human driver, who wasn't operating the vehicle because it was in automatic mode. Tempe Police Sergeant Ronald Elcock said: "The pedestrian was outside of the crosswalk".

China retaliate with tariffs on 128 American products, spares big-ticket items
The European Union and other trade partners dismiss that as an excuse and say the US merely wants to give its companies a boost. A probe was launched a year ago under Section 301 of the 1974 US Trade Act.

Explosion rocks Afghan city, at least 10 dead
UNAMA also confirmed the incident and said on twitter "verifying disturbing reports of attack outside sports stadium in Helmand". At least 14 people were killed and 50 others wounded when people were celebrating Afghan New Year, Authorities said.

Daniel Ricciardo Talks Priorities Ahead of This Weekend's Melbourne Grand Prix
The penalty is a heavy blow to both Ricciardo and Red Bull, who have pushed Mercedes close in practice at Albert Park . Stewards said the penalty was lessened as Ricciardo had slowed to a degree, and no "danger was created".

Shooting suspect's brother says $500K bond high
According to a report from the Broward Sheriff's Office, a student asked Salter's friend the offensive question at school. He eventually moved in with another family when Deschamps said she told him to choose between his guns and her home.

'Bumped' passenger gets $10000 travel voucher from United
And where is Preiss going to go with her $10,000 travel voucher? But alas, she didn't get access for a day to the airline lounge. A computer system glitch caused thousands of United Airlines flights throughout major airports to be grounded Wednesday morning.

Officer charged in death of Justine Damond
The shooting also raised concerns among the Midwestern city's Somali American community, with worries about a possible backlash. Noor and his partner Matthew Harrity reportedly gave Damond CPR before backup arrived, but she was pronounced dead on the scene.