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 second deal, but that same month a Chinese State Council counsellor said the COVID-19 pandemic has had an "impact" on the deal and that relations between the countries are "very unsatisfactory." "China hopes that the US side will stop its restrictive measures and discriminatory practices against Chinese companies and create conditions for the implementation of the phase one of the economic and trade agreement," said foreign ministry spokesman Zhao Lijian, at a regular press briefing. Beijing "is lagging but it looks like China still wants to commit, despite the escalation of the US-China tensions," said Tommy Xie, head of research on China at OCBC Bank.

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History of this topic

Ripple effects of US policy on Chinese trade
1 month, 2 weeks ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

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 …

America’s tough talk on trade balance
8 months, 4 weeks ago

America’s tough talk on trade balance

Hindustan Times  

There are no standout outcomes of United States treasury secretary Janet Yellen’s just-concluded visit to China, but it remains a crucial piece in the broader engagement between the two countries. In fact, a Biden-Xi call days before Yellen landed in Beijing was seen as a prologue of sorts to the visit, with the leaders appreciating the progress made on a …

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
9 months ago

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says

Associated Press  

GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s major industrial and export hubs, said the …

China, US need to keep faith with win-win cooperation
9 months, 1 week ago

China, US need to keep faith with win-win cooperation

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. The American company's commitment to China's market offers a glimpse into the very nature of China-US trade relations: win-win cooperation. Faced with the recent years' new and evolving situation in China-US business ties, the two sides should stay committed to mutual respect, mutual benefit and equal-footed …

Change-or-ruin mindset main obstacle to economic talks making any real progress: China Daily editorial
11 months ago

Change-or-ruin mindset main obstacle to economic talks making any real progress: China Daily editorial

China Daily  

Although the exchanges between the two sides at the Third China-US Economic Working Group Meeting that concluded on Tuesday in Beijing were described as "in-depth, candid, pragmatic and constructive", it is almost impossible that any breakthroughs will be forthcoming on any major issues it covered. The other important realization the US side has come to regarding China, which determines the …

Sino-US ties vital to global development
1 year ago

Sino-US ties vital to global development

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. Although the challenges between the US and China have intensified due to disruptions in the global industry and supply chains, and international trade, as well as regional conflicts, Sino-US trade has remained quite resilient, because Chinese products still appeal to US consumers, and China maintains its …

Sino-US ties vital to global development
1 year ago

Sino-US ties vital to global development

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. Although the challenges between the US and China have intensified due to disruptions in the global industry and supply chains, and international trade, as well as regional conflicts, Sino-US trade has remained quite resilient, because Chinese products still appeal to US consumers, and China maintains its …

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit
1 year, 1 month ago

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

Associated Press  

WASHINGTON — The United States and China are the two global economic heavyweights. “Having the world’s two largest economies at loggerheads at such a fraught moment,” said Eswar Prasad, senior professor of trade policy at Cornell University, “exacerbates the negative impact of various geopolitical shocks that have hit the world economy.” Hopes have risen that Washington and Beijing can at …

Trends in US-China engagement
1 year, 2 months ago

Trends in US-China engagement

Hindustan Times  

The United States and China are facing a conundrum where the ongoing rivalry pushes them to be confrontational with each other, whereas the complex and intertwined trade relations compel them to find ways to mend the ties. China’s coercive actions across the Taiwan Straits have been proving a real test of not only the US’s commitment to aid the island …

US and China are talking at a high level again, but their rivalry remains unchecked
1 year, 6 months ago

US and China are talking at a high level again, but their rivalry remains unchecked

Associated Press  

BEIJING — The United States and China may be back to talking at a high level, but their battle for global power and influence remains unchecked and mutual suspicion still runs deep. Similarly, the United States should also respect China and not harm its legitimate rights and interests.” Danny Russel, the top U.S. diplomat for Asia during the Obama administration …

DC Edit | Silver lining to US-China talks
1 year, 6 months ago

DC Edit | Silver lining to US-China talks

Deccan Chronicle  

The one positive development to emerge from the meeting between the Chinese President Xi Jinping and the US secretary of state Anthony J. Blinken is that China is willing to partially recant from the largely confrontational position it had held vis-a-vis the United States in the last few years. As with India, it has been China’s stance that good ties …

China and the US are on a slow but sure collision course
1 year, 8 months ago

China and the US are on a slow but sure collision course

Live Mint  

I recently attended the China Development Forum in Beijing, an annual gathering of senior foreign business leaders, academics, former policymakers and top Chinese officials. This year’s conference was the first to be held in person since 2019, and it offered Western observers an opportunity to meet China’s new senior leadership, including new Premier Li Qiang. Li’s joke included an implicit …

World needs China-US ties back on track in 2023
1 year, 11 months ago

World needs China-US ties back on track in 2023

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing, Jan 21, 2021. In a report published last November, the Brookings Institution said the United States must forge a "durable, productive relationship" with China, adding that both sides share common interests in both bilateral and multilateral areas and that cooperation is needed. It is wrong to …

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 …

Agreeing to disagree: The Hindu Editorial on U.S.-China ties
3 years, 1 month ago

Agreeing to disagree: The Hindu Editorial on U.S.-China ties

The Hindu  

As much as the virtual summit meeting between Presidents Joe Biden and Xi Jinping, spotlighted multiple points of continuing strategic dissonance between the U.S. and China, it equally appeared to underscore in their minds the need for them to find common ground on contentious issues including trade and tensions surrounding Taiwan and the South China Sea. Further, in March 2021, …

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 …

Not all gloom and doom
3 years, 11 months ago

Not all gloom and doom

China Daily  

SONG CHEN/CHINA DAILY The outlook for China-US economic and trade relations may not be as pessimistic as it seems The foreign economic policies of the former US administration did not prove effective in reducing the US trade deficit or boosting its manufacturing industries. The Biden administration may continue the recent policy reorientation to give more emphasis on the factor of …

China is rehearsing for when it overtakes America
3 years, 11 months ago

China is rehearsing for when it overtakes America

CNN  

Hong Kong CNN Business — China wants to lead the global recovery from the pandemic and become more influential on the world stage than ever before. “China emerged from the Covid-19 shock earlier than the rest of the world and authorities are already planning for the long term,” wrote Françoise Huang, senior economist for Asia-Pacific at Euler Hermes, in a …

US imports from China surge in 2020 despite tariffs, pandemic: media
4 years ago

US imports from China surge in 2020 despite tariffs, pandemic: media

China Daily  

A cargo ship into the Port of Long Beach in Long Beach, California, US, April 4, 2018. WASHINGTON - Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, US imports from China are surging as the year 2020 draws to a close, The New York Times reported on Monday. The surge in US imports from China …

US imports from China surge in 2020 despite tariffs, pandemic: media
4 years ago

US imports from China surge in 2020 despite tariffs, pandemic: media

China Daily  

A cargo ship into the Port of Long Beach in Long Beach, California, US, April 4, 2018. WASHINGTON - Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, US imports from China are surging as the year 2020 draws to a close, The New York Times reported on Monday. The surge in US imports from China …

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 trade is the only thing working in the relationship
4 years, 4 months ago

US-China trade is the only thing working in the relationship

CNN  

Hong Kong CNN Business — Tensions between the United States and China have soared as the two superpowers fight over everything from the coronavirus pandemic, human rights and Hong Kong, to who controls the technologies of the future. “At the moment, each country has an interest in stable economic relations.” US and Chinese trade officials were expected to review their …

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 …

Trade, technology and security at risk in US-China feud
4 years, 5 months ago

Trade, technology and security at risk in US-China feud

Associated Press  

BEIJING — They have the largest economies in the world. The United States is China’s biggest single-country export market, even after President Donald Trump imposed punitive tariffs on Chinese goods. 3 market for American exporters, as well as a huge market for goods and services produced in China by U.S. companies ranging from General Motors Co. to Burger King. In …

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 …

COVID-19 won't decouple global trade
4 years, 6 months ago

COVID-19 won't decouple global trade

China Daily  

The growing relationship between the US and China over the past few decades has been one of the greatest things for world peace and prosperity. More than two million Americans get to see the Great Wall and the Terra Cotta Warriors, observe pandas in their natural habitat, and eat delicious lamb skewers and authentic Chinese food when they visit China …

COVID-19 won't decouple global trade
4 years, 6 months ago

COVID-19 won't decouple global trade

China Daily  

The growing relationship between the US and China over the past few decades has been one of the greatest things for world peace and prosperity. More than two million Americans get to see the Great Wall and the Terra Cotta Warriors, observe pandas in their natural habitat, and eat delicious lamb skewers and authentic Chinese food when they visit China …

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 Two Sessions: Beijing needs to create jobs fast. Here’s what it could do
4 years, 7 months ago

China Two Sessions: Beijing needs to create jobs fast. Here’s what it could do

CNN  

Hong Kong CNN Business — China’s biggest political gathering of the year is finally taking place after a two-month delay. This year’s “Two Sessions” meeting kicks off Thursday with a gathering of top political advisers to the ruling Communist Party. Li’s report will be particularly notable this year because of the pandemic and the deterioration of the US-China relationship, wrote …

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 …

Top American companies begin to tout China recovery
4 years, 8 months ago

Top American companies begin to tout China recovery

CNN  

New York CNN Business — Investors are watching China closely for clues about when a recovery from the coronavirus-induced economic slump may begin in the United States. “Although traffic remains well below prior year levels, we have now reopened all our company-operated stores in China, including our beacon store in Wuhan,” said Levi Strauss chief financial officer Harmit Singh on …

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, …

U.S.-China Trade Deal Implications
4 years, 11 months ago

U.S.-China Trade Deal Implications

NPR  

U.S.-China Trade Deal Implications MICHEL MARTIN, HOST: We're going to spend some time now talking about the trade deal President Trump signed with China earlier this week. The Phase 1 deal is a partial cease-fire in the long trade war between the world's two largest economies. LOVELY: Oh, there's been no doubt that the trade war has impacted farmers. The …

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 …

China GDP growth at 29-year low as economy feels trade war fallout
4 years, 11 months ago

China GDP growth at 29-year low as economy feels trade war fallout

CNN  

Hong Kong CNN Business — China’s economy grew at its slowest pace in nearly three decades in 2019. The ongoing slowdown is indicative of all the challenges facing the world’s second largest economy, which is contending with rising debt, cooling domestic demand and fallout from the trade war with the United States. The initial trade agreement will give people more …

Emphasis on US exports, trade secrets in China trade deal
4 years, 11 months ago

Emphasis on US exports, trade secrets in China trade deal

Associated Press  

WASHINGTON — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Chinese leader Xi Jinping said in a letter to Trump that the first-phase deal was “good for China, for the …

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 …

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