'Phase One' of US-China Trade Deal May Not be Inked This Year Amid Conflicting Demands
5 years, 1 month ago

'Phase One' of US-China Trade Deal May Not be Inked This Year Amid Conflicting Demands

News 18  

Washington: Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own. An initial trade deal could take as long as five weeks to sign, U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said https://www.reuters.com/article/us-usa-trade-china/u-s-outlines-phase-1-trade-deal-with-china-suspends-october-tariff-hike-idUSKBN1WQ10Xlast month. Asked Wednesday about the status of the China deal, Trump told reporters in Texas “I don’t think they’re stepping up to the level that I want.” Trump and U.S. Trade Representative Robert Lighthizer recognize that rolling back tariffs for a deal that fails to address core intellectual property and technology transfer issues will not be seen as a good deal for the United States, a person briefed on the matter said. Liu, China’s chief negotiator at the Sino-U.S. trade talks, separately told one of the attendees that he was “confused” about the U.S. demands, but was confident the first phase of a deal could be completed nevertheless, Bloomberg added.

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History of this topic

The Seismic Shift in the US Trade Agenda
6 months, 2 weeks ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

Chad Bown
2 years, 10 months ago

Chad Bown

The Diplomat  

On January 15, 2020, then-U.S. President Donald Trump welcomed China’s Vice Premier Liu He to the White House for the signing of the China-U.S. Economic and Trade Agreement, more commonly known as the “Phase One” trade deal. However, the Phase One deal remained in effect throughout and continues to shape China-U.S. trade relations today, with the Biden administration taking enforcement …

US faults China for failing to meet purchase targets under 2020 trade deal
2 years, 10 months ago

US faults China for failing to meet purchase targets under 2020 trade deal

Live Mint  

The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing. China has “fallen far short of implementing its commitments to purchase U.S. goods and services in 2020 and 2021," the Office of the …

After Biden-Xi summit, what next for US-China trade war?
3 years, 1 month ago

After Biden-Xi summit, what next for US-China trade war?

Al Jazeera  

Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say. The virtual meeting between United States President Joe Biden and China’s leader Xi Jinping helped ease the growing tension between the two countries but did not make headway in resolving lingering US-China trade war disputes. Biden spoke briefly about China’s “unfair trade and economic …

China trade envoy, US Treasury secretary meet by video
3 years, 7 months ago

China trade envoy, US Treasury secretary meet by video

Associated Press  

BEIJING — China’s chief economic envoy and Treasury Secretary Janet Yellen held their first meeting by video Wednesday, but the two sides gave no indication when negotiations on ending their tariff war might resume. Vice Premier Liu He and Yellen discussed the economic situation, bilateral cooperation and other “issues of mutual concern,” the Commerce Ministry said. Yellen’s department said she …

US-China trade: Biden representative holds ‘candid’ talks with Beijing as tensions grow
3 years, 7 months ago

US-China trade: Biden representative holds ‘candid’ talks with Beijing as tensions grow

CNN  

Hong Kong CNN Business — President Joe Biden’s top trade negotiator spoke for the first time with her Chinese counterpart by phone on Wednesday. US Trade Representative Katherine Tai had a “candid” virtual meeting with Chinese Vice Premier Liu He to discuss “the importance of the trade relationship” between the two nations, according to Tai’s office. The phone call didn’t …

US, China reaffirm commitment to Phase 1 trade deal in phone call
4 years, 4 months ago

US, China reaffirm commitment to Phase 1 trade deal in phone call

Live Mint  

Top US and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday. The pledge was made in a telephone call between US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu …

Top US, Chinese officials optimistic on Phase 1 trade deal after phone call
4 years, 4 months ago

Top US, Chinese officials optimistic on Phase 1 trade deal after phone call

Hindustan Times  

Top US and Chinese officials, who spoke by phone on Monday, see progress on resolving issues over the Phase 1 trade deal reached in January and both sides are committed to the success of the agreement, the US Trade Representative’s Office said. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He in …

The US and China say they’re making progress on trade, even as other tensions worsen
4 years, 4 months ago

The US and China say they’re making progress on trade, even as other tensions worsen

CNN  

Beijing/Hong Kong CNN Business — The United States and China say they’re optimistic about the state of their trade agreement — even as the two superpowers fight over a slew of other issues, including technology and national security. China’s Ministry of Commerce called the talks“a constructive dialogue” in its own statement, adding that the countries agreed “to create conditions and …

China, US Agree to Hold Trade Talks to Evaluate Progress of Phase 1 Deal: Chinese Commerce Ministry
4 years, 4 months ago

China, US Agree to Hold Trade Talks to Evaluate Progress of Phase 1 Deal: Chinese Commerce Ministry

News 18  

China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress of their Phase 1 trade deal six months after it took effect in February, the Chinese commerce ministry said on Thursday. They followed Tuesday’s remarks by White House Chief of Staff Mark Meadows that no new high-level trade talks were scheduled, …

US, China to Discuss 'Phase-1' Trade Deal amid Covid-19 Disruption
4 years, 4 months ago

US, China to Discuss 'Phase-1' Trade Deal amid Covid-19 Disruption

News 18  

Negotiators from the United States and China will on Saturday discuss the "phase one" trade deal signed earlier this year -- before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse. US Trade Representative Robert Lighthizer in June said China would follow through on its commitments while Washington eyes a …

Trump administration ‘satisfied’ with China purchases: Adviser
4 years, 4 months ago

Trump administration ‘satisfied’ with China purchases: Adviser

Al Jazeera  

China has increased purchases of commodities as part of its phase one trade deal, Trump adviser says ahead of review. White House economic adviser Larry Kudlow says the administration of United States President Donald Trump is satisfied with China’s progress in meeting commitments to purchase US goods in a phase one trade deal, signalling that the pact will survive an …

Trump says he is not thinking about a 'Phase 2' U.S.-China trade deal
4 years, 5 months ago

Trump says he is not thinking about a 'Phase 2' U.S.-China trade deal

The Hindu  

U.S. President Donald Trump has for the time being ruled out a second phase trade deal with China, saying the relationship between the two countries has been severely damaged with Beijing’s handling of the coronavirus outbreak. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. Earlier in the …

Trump says China trade deal still on after adviser’s remarks
4 years, 6 months ago

Trump says China trade deal still on after adviser’s remarks

Associated Press  

WASHINGTON — President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser’s comments seemed to suggest it was over, spooking markets late Monday. Trump tweeted: “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” The Trump administration has …

China halts some US farm imports, threatening trade deal
4 years, 7 months ago

China halts some US farm imports, threatening trade deal

Live Mint  

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation. Trump’s threats Trump said the US would begin the process of stripping some of Hong Kong’s privileged trade status, without detailing …

China, US should work together to implement trade deal, says Beijing after Donald Trump threatens to terminate agreement signed in January
4 years, 7 months ago

China, US should work together to implement trade deal, says Beijing after Donald Trump threatens to terminate agreement signed in January

Firstpost  

Beijing on Tuesday said that China and the United States should work together to implement their Phase One trade deal, following the principle of equality and mutual respect, a Chinese Foreign Ministry spokesperson said on Tuesday. The two sides should work together to implement the agreement following the principle of equality and mutual respect,” Chinese foreign ministry spokesperson Zhao Lijian …

Trump rules out renegotiating trade deal with China says not interested
4 years, 7 months ago

Trump rules out renegotiating trade deal with China says not interested

India TV News  

US President Donald Trump has ruled out renegotiation on the trade deal signed with China saying he's not interested in that while addressing reporters at the White House. Trump was asked by the reporters on reports that China wanted to resume discussions on the trade deal that was signed between the two nations earlier this year. President Trump said, "not …

Trump says he is ’having a hard time’ and ’torn’ over US-China trade deal
4 years, 8 months ago

Trump says he is ’having a hard time’ and ’torn’ over US-China trade deal

Live Mint  

President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying Friday that he’s struggling with Beijing in the wake of the global coronavirus pandemic. And it was kicking in, you know, a month ago and starting to kick in and starting to produce and …

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing
4 years, 8 months ago

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing

Firstpost  

US President Donald Trump said on Wednesday he would be able to report in about a week or two whether China is fulfilling its obligations under a Phase 1 trade deal the two countries signed in January before the coronavirus spread globally. Washington: US President Donald Trump said on Wednesday he would be able to report in about a week …

US deal with China is a victory for Trump, but more still needs to be done (opinion)
4 years, 11 months ago

US deal with China is a victory for Trump, but more still needs to be done (opinion)

CNN  

Editor’s Note: James D. Schultz is a CNN legal commentator and chair of the Government and Regulatory practice at Philadelphia-based law firm Cozen O’Connor. That changed when President Trump took office, and his consistently tough stance led to a “phase one” trade deal between the United States and China last week. In addition to easing tensions between the two nations, …

Tariffs become new normal as Donald Trump moves to next China demands
4 years, 11 months ago

Tariffs become new normal as Donald Trump moves to next China demands

Live Mint  

As he signed an initial trade deal with China on Wednesday, President Donald Trump promised further negotiations to tackle some of US companies’ most long-standing complaints would begin “very, very shortly” and that tariffs on some $360 billion in imports from China would remain in place as leverage. That’s one very clear takeaway from this whole exercise and the US …

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington
4 years, 11 months ago

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington

Firstpost  

China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth Beijing/Washington: China will boost purchases of US goods and services by $200 billion over two …

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
4 years, 11 months ago

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

CNN  

Hong Kong CNN Business — China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their “phase one” trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. “We think it is highly challenging for China …

United States and China sign phase one of new trade deal
4 years, 11 months ago

United States and China sign phase one of new trade deal

ABC  

The United States and China have announced an initial trade deal that will roll back some tariffs and boost Chinese purchases of US goods and services, defusing an 18-month conflict between the world's two largest economies. Key points: The centrepiece of the deal is a pledge by China to purchase an additional $US200 billion of US farm products and other …

U.S., China tiptoe around holes in new trade agreement
4 years, 11 months ago

U.S., China tiptoe around holes in new trade agreement

The Hindu  

The United States and China signed an initial trade deal on January 15 that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved. Mr. Liu said Chinese companies would buy $40 billion in U.S. agricultural products annually over the …

US-China sign 'phase one' of trade deal, Trump says it will deliver economic justice
4 years, 11 months ago

US-China sign 'phase one' of trade deal, Trump says it will deliver economic justice

India TV News  

President Donald Trump signed a trade agreement Wednesday with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers. Chinese leader Xi Jinping, in a letter to Trump that was read by Beijing's chief negotiator Liu He, said concluding the first phase of the …

Trump Signs First Phase Of China Trade Agreement
4 years, 11 months ago

Trump Signs First Phase Of China Trade Agreement

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Donald Trump signed a trade agreement Wednesday with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers. Chinese leader Xi Jinping, in a letter to Trump that was read by Beijing’s chief negotiator Liu He, said concluding …

New U.S.-China trade deal leaves the thorniest problems unresolved
4 years, 11 months ago

New U.S.-China trade deal leaves the thorniest problems unresolved

LA Times  

After nearly two years of a bruising trade war, President Trump signed an initial trade deal with China on Wednesday that provides the president with political bragging rights but allows both sides to put off the most difficult disputes until after the November election. Speaking in the East Room beside senior Chinese officials, Trump hailed the long-sought agreement as a …

U.S. and China agree to partial trade deal, but few details are released
5 years ago

U.S. and China agree to partial trade deal, but few details are released

LA Times  

The United States and China reached a preliminary trade agreement that includes the rollback of some tariffs on Chinese imports and a commitment by Beijing to make a substantial increase in purchases of American farm goods and other products and services. The U.S. Trade Representative, in a fact sheet released Friday evening, said China had committed “to import various U.S. …

What the interim US-China trade deal means – and doesn’t
5 years ago

What the interim US-China trade deal means – and doesn’t

CNN  

Washington CNN — After a year-and-half of fraught negotiations that has slowed global growth and hurt American farmers and consumers, the United States and China have reached an interim trade deal bypassing an economic calamity – for now. “A Phase One deal, while a step in the right direction, does little to alleviate the larger trade issues between the US …

US, China move closer to trade deal despite heated rhetoric
5 years, 1 month ago

US, China move closer to trade deal despite heated rhetoric

Live Mint  

The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said. Recent U.S. legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks, one …

US-China trade deal in its ‘final throes’, says Trump
5 years, 1 month ago

US-China trade deal in its ‘final throes’, says Trump

Al Jazeera  

Top US trade negotiators have been invited to Beijing for in-person talks, say US officials, as China’s economy slows. Trump said Washington was in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing, which has contributed to a slump in China’s industrial profits. In-person talks Trump’s remarks followed a telephone call on …

US, Beijing reach ‘common understanding’ on trade, China says
5 years, 1 month ago

US, Beijing reach ‘common understanding’ on trade, China says

Al Jazeera  

Top negotiators from both countries agree to maintain communications on the ‘phase-one’ deal, China says. Top trade negotiators from China and the United States held a phone call on Tuesday morning, China’s Commerce Ministry said, adding that they reached a “common understanding” as the two sides try to hammer out a preliminary deal in a trade war that has dragged …

‘Phase two’ trade deal unlikely, say US, Chinese officials
5 years, 1 month ago

‘Phase two’ trade deal unlikely, say US, Chinese officials

Al Jazeera  

‘It’s Trump who wants to sign these deals, not us. In October, US President Donald Trump said during a news conference with Chinese vice premier Liu He that he expected to quickly dive into a second phase of talks once “phase one” had been completed. “As soon as we finish phase one we’re going to start negotiating phase two,” a …

China-US trade deal nearly sealed, but tariff rollback uncertain
5 years, 1 month ago

China-US trade deal nearly sealed, but tariff rollback uncertain

Al Jazeera  

Beijing and Washington ‘moving closer’ to phase-one agreement despite ambiguity on timing, reports the Global Times. China and the United States are “moving closer to agreeing” on a phase-one trade deal, the Global Times tabloid run by the ruling Communist Party’s official People’s Daily newspaper group, reported on Sunday. “The two sides have basically reached broad consensus for the phase …

Constructive approach key to Sino-US deal: China Daily editorial
5 years, 1 month ago

Constructive approach key to Sino-US deal: China Daily editorial

China Daily  

Vice Premier Liu He, at their invitation, talked with US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday to iron out the details of what the two sides have agreed so far. According to a statement released by the Chinese side, Saturday's conversation was "constructive", and the two sides have agreed to maintain close communication. Therefore, the …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

Donald Trump says he has not agreed to rollbacks of tariffs on Chinese goods in 'phase one' deal amid 16-month trade war
5 years, 2 months ago

Donald Trump says he has not agreed to rollbacks of tariffs on Chinese goods in 'phase one' deal amid 16-month trade war

Firstpost  

President Donald Trump on Friday said he has not agreed to rollbacks of US tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth Washington: President Donald Trump on Friday said he has not agreed to rollbacks of US tariffs sought by China, sparking fresh …

‘I haven’t agreed to anything’: Trump throws cold water on China trade deal
5 years, 2 months ago

‘I haven’t agreed to anything’: Trump throws cold water on China trade deal

CNN  

Washington CNN Business — President Donald Trump dealt a blow Friday to investors who were hoping the United States and China were inching closer toward a partial trade deal that would roll back billions in tariffs. Speaking to reporters, Trump said the US has yet to agree to wiping tariffs, undercutting a statement from China’s Commerce Ministry indicating openness to …

Trump: US has not yet agreed to tariff rollback on Chinese goods
5 years, 2 months ago

Trump: US has not yet agreed to tariff rollback on Chinese goods

Al Jazeera  

United States President Donald Trump on Friday said that he has not agreed to rollbacks of US tariffs on goods from China, sparking fresh doubts about when the world’s two largest economies will end a 16-month trade war that has slowed global growth. Officials from both countries on Thursday had said China and the US have agreed to roll back …

China, US agree on plan to remove tariffs imposed on two-way goods in stages amid year-long trade war
5 years, 2 months ago

China, US agree on plan to remove tariffs imposed on two-way goods in stages amid year-long trade war

Firstpost  

China and the United States have agreed a plan to remove tariffs imposed on two-way goods in stages, the commerce ministry said Thursday, as negotiators try to hammer out a trade deal. Beijing: China and the United States have agreed a plan to remove tariffs imposed on two-way goods in stages, the commerce ministry said Thursday, as negotiators try to …

China: US has agreed to cancel trade tariffs in phases
5 years, 2 months ago

China: US has agreed to cancel trade tariffs in phases

Al Jazeera  

The two countries must nix some import taxes as precondition for agreement, says a Chinese government spokesman. China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in phases, the Chinese Ministry of Commerce said on Thursday. China and the US must simultaneously cancel some tariffs on each other’s …

Donald Trump invites Xi Jinping to US to sign phase one of trade agreement, says top White House official
5 years, 2 months ago

Donald Trump invites Xi Jinping to US to sign phase one of trade agreement, says top White House official

Firstpost  

Trade talks between the world’s two largest economies began last November but have not yielded desired results even after more than a dozen rounds of negotiations in both Beijing and Washington. Washington: US president Donald Trump has invited his Chinese counterpart Xi Jinping to sign the phase one of a bilateral trade deal when it is agreed upon, according to …

US-China trade deal talks progress after almost 16-months-long standoff; officials claim agreement could be signed this month
5 years, 2 months ago

US-China trade deal talks progress after almost 16-months-long standoff; officials claim agreement could be signed this month

Firstpost  

The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and US officials said a deal could be signed this month Washington: The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war …

China casts doubts long-term trade deal possible with Trump
5 years, 2 months ago

China casts doubts long-term trade deal possible with Trump

Al Jazeera  

Sources say Beijing is concerned about President Donald Trump’s impulsive nature, fearing he may back out of any deal. Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement. A White House spokesman said Wednesday, after the news of the cancellation, that …

US ’close to finalizing’ parts of trade deal with China: USTR
5 years, 2 months ago

US ’close to finalizing’ parts of trade deal with China: USTR

Live Mint  

Washington and Beijing are making "headway" on key issues in their ongoing trade dispute and discussions will continue, the US Trade Representative's office said Friday following a phone call between senior officials. President Donald Trump heralded a major win in his offensive against China two weeks ago, saying the economic powers were close to concluding a "substantial phase one deal." …

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike
5 years, 2 months ago

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike

Firstpost  

Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done. Washington: US president Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended …

Companies welcome US-China trade truce, warn disputes remain
5 years, 2 months ago

Companies welcome US-China trade truce, warn disputes remain

Associated Press  

BEIJING — Companies have welcomed a U.S.-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes including technology that threaten global growth. Trump said Friday’s deal has yet to be put down on paper but said, “We should be able to get that …

Day One of US-China trade talks: Donald Trump hails 'very good negotiations', businesses remain optimistic
5 years, 2 months ago

Day One of US-China trade talks: Donald Trump hails 'very good negotiations', businesses remain optimistic

Firstpost  

The mood surrounding the talks had soured earlier this week when the US government blacklisted 28 Chinese public security bureaus, technology and surveillance firms, including video surveillance gear maker Hikvision, over allegations of abuses of Muslim minorities in China. US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer met with Vice Premier Liu He and other senior Chinese …

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