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U.S. business group worries Trump unprepared for commercial talks with China


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U.S. business group worries Trump unprepared for commercial talks with China

By Michael Martina

 

2017-10-31T095741Z_3_LYNXMPED9U0G3_RTROPTP_3_CLIMATECHANGE-ACCORD.JPG

FILE PHOTO: U.S. President Donald Trump listens during a briefing on hurricane Harvey recovery efforts in Dallas, Texas, U.S, October 25, 2017. REUTERS/Kevin Lamarque/File Photo

 

BEIJING (Reuters) - A top U.S. business lobby in China said on Tuesday it was concerned U.S. President Donald Trump's administration was not making sufficient preparation for talks on imbalances in the bilateral economic relationship ahead of his November visit.

 

Little advance work has been done for the visit, said William Zarit, chairman of the American Chamber of Commerce in China. He was referring to meetings by working level officials to negotiate outcomes on commercial issues for Trump's meeting with his Chinese counterpart Xi Jinping.

 

"From what I understand, there really hasn't been much of that for this visit, which makes us a bit concerned that there may not be much discussion on the structural issues," Zarit told reporters in Beijing.

 

U.S. Commerce Secretary Wilbur Ross will bring a business delegation to Beijing during Trump's visit. Some in the U.S. business community are worried that deals announced on the trip could distract from solutions to long-standing complaints over discriminatory Chinese policies and market access restrictions.

 

Zarit said he hoped proposed deals from the business delegation "do not overshadow the real need for structural changes in the economic relationship".

 

Trump, who will stop in five Asian countries on his first visit to the region as president, will arrive in Beijing on Nov. 8.

 

'MASTER NEGOTIATORS'

 

U.S. officials were "still waiting" for a Chinese response to issues raised during the U.S.-China Comprehensive Economic Dialogue in July, Zarit said, though he did not give specifics.

 

He called Chinese officials "master negotiators" and said the U.S. government and business community had long suffered from a less strategic view of the economic relationship.

 

"And I think there is no exception with this administration," Zarit said.

 

He added that it was "not unreasonable" to expect more progress 10 months into Trump's presidency.

 

Ross, has said the United States will be looking for "immediate results" and "tangible agreements" during Trump's visit, but has acknowledged that market access, intellectual property rights, and tariffs are more complex and will take a longer time to negotiate.

 

Washington and Beijing launched a 100-day economic plan during Trump's first meeting with Xi in April, including some industry-specific announcements, such as the resumption of American beef sales in China. But U.S. business groups have expressed disappointment over the extent of the outcomes.

 

XI VOWS REFORMS

 

Xi vowed on Monday that China would take more measures to open up the economy. He made the remarks at a meeting with members of an advisory board to Tsinghua University's School of Economics and Management, including Apple Inc <AAPL.O> chief executive Tim Cook and Facebook Inc's <FB.O> Mark Zuckerberg.

 

China will make joint efforts with the United States to "take each other's interests and concerns into consideration, resolve disputes and contradictions, and engage in win-win cooperation", Xi said according to the official China Daily newspaper.

 

But such frequently made pledges have done little to assuage foreign companies' concerns over ownership caps in key sectors, such as autos, securities, insurance, and information technology.

 

U.S. business lobbies argue that their members are restricted in those industries while Chinese companies operate freely in the U.S. market. They have also criticized Beijing's "Made in China 2025" plan, which offers government backing for sectors the Chinese government deems strategic.

 

Particularly galling to foreign tech firms are a slate of new national security and cyber security regulations that mandate companies store crucial data within China and pass security reviews they argue could put business secrets at risk.

 

"Basically, when we look at that, what it boils down to for us is it's a company competing against a country," Zarit said.

 

(Reporting by Michael Martina; Editing by Bill Tarrant)

 
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-- © Copyright Reuters 2017-10-31
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14 minutes ago, Emster23 said:

He's going up against the big boys, well prepared and with a game plan. Bluster and BS just won't cut it

With a game plan?  Is he going to tell them there's a USN carrier group going to N.Korea?  Is he going to tell them 3 million Mexicans snuck into California to vote for HRC?   Is his game plan to hand out photoshopped photos of the inauguration - showing he got more attendees than Obama?  Or maybe his plan is to bring a great chocolate cake - to make everyone smile.

 

They'll be smiling, uh huh, but their smiles are suppressed laughing at Trump - because he has zero credence.  Nobody in DC outside of the Oval Office takes him seriously, and that includes Tillerson.

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2 hours ago, boomerangutang said:

Trump is unprepared for everything which requires maturity and knowledge. However, he's adept at swindling loans, ripping people off, denigrating everyone who doesn't praise him, and going bankrupt (which he will do to the US, similar to Kansas).

hmm, no, he knows nothing about business, deals, money, etc...oh, and how many hotels, airplanes, real estate do you own?/

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2 hours ago, Ruffian Dick said:

Tables are turned. Remember China had its day with crappy leadership, and an opium epidemic, and the powers of the west ran rough-shod over them. China's going to have the last laugh, methinks.

Very likely.  Although maybe a bit off topic the "opium epidemic" you talk of was one of the British Empire's greatest commercial achievements, addicting millions of Chinese to the opium we grew in Bengal, and fighting two wars to force China to keep buying it. UK the No 1 greatest drug pushing nation in history. And the No 2 prize goes to the USA who with their friends in the Mafia and the Meo hill tribes ran Opium out of the golden triangle.

Moral high ground anybody! 

 

https://archive.org/stream/pdfy-MiSTDFMs_BBF8W9B/52_Alfred_McCoy___The_politics_of_heroin_in_Southeast_Asia_djvu.txt

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1 hour ago, Jingthing said:

That post says everything about you.

Nothing about the topic.   There is something wrong I can't reply to you, but my post was saying that Israel controls your country.

Edited by nasanews
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14 hours ago, snoop1130 said:

market access, intellectual property rights, and tariffs are more complex and will take a longer time to negotiate

Now that's such an exaggeration for IP rights.

When Trump became POTUS he and Ivanka got almost instant approval of their trademark applications. Maybe the answer is to give Trump et al a 5% interest in all US developed intellectual property and US exports - China will quickly approve them?

 

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Why the concern?  Trump has great insight on who he is dealing with:

 

“He represents China, I represent the USA, so, you know, there’s going to always be conflict. But we have a very good relationship. People say we have the best relationship of any president-president, because he’s called president also. Now some people might call him the king of China, but he’s called president".

 

http://time.com/4998720/donald-trump-kind-china-xi-jinping/

 

 

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10 hours ago, Jingthing said:

Empires come. Empires go.

Sometimes quickly. Sometimes slow.

It's like Americans had a death wish electing this corrupt incompetent clown. 

I thought you were waxing poetic, ....but clown doesn't rhyme with 'go' or 'slow.'

Allow me to give it a try:

 

Empires come. Empires go.

Sometimes quickly. Sometimes slow.

Rednecks dredge up the dodo.

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23 minutes ago, bristolgeoff said:

Why would he has lots of advisor run a successful business he will do ok

I hope you're not also a doctor:  You might give advice like this:

 

"Well sir, you have staph infections on you ankles, and there's a malignant cancer in your neck and lungs, ....but we'll leave it all alone.  You'll do ok."

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2 hours ago, bristolgeoff said:

Why would he has lots of advisor run a successful business he will do ok

Some of Trump business failures:

Trump Airlines                 

Trump Vodka

Trump Casinos

Trump Style and Trump World magazine

Trump Mortgage

Trump steaks

GoTrump.com travel site

Trump Tower Tampa

Trump University

http://www.rollingstone.com/politics/news/donald-trumps-13-biggest-business-failures-20160314

Trump's notably successes were the "Apprentice" show and the purchases of numerous golf courses, including properties near Philadelphia and in the Hudson Valley.

https://www.forbes.com/sites/timworstall/2016/10/06/only-one-third-of-trumps-new-businesses-succeeded-thats-actually-a-pretty-good-record/#2ca32831486a

His successes are not very useful as POTUS. Albeit he is running his administration like the Apprentice and failing.

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2 hours ago, Srikcir said:

Some of Trump business failures:

Trump Airlines                 

Trump Vodka

Trump Casinos

Trump Style and Trump World magazine

Trump Mortgage

Trump steaks

GoTrump.com travel site

Trump Tower Tampa

Trump University

http://www.rollingstone.com/politics/news/donald-trumps-13-biggest-business-failures-20160314

Trump's notably successes were the "Apprentice" show and the purchases of numerous golf courses, including properties near Philadelphia and in the Hudson Valley.

https://www.forbes.com/sites/timworstall/2016/10/06/only-one-third-of-trumps-new-businesses-succeeded-thats-actually-a-pretty-good-record/#2ca32831486a

His successes are not very useful as POTUS. Albeit he is running his administration like the Apprentice and failing.

Well to be fair The Apprentice was created by Mark Burnett, and to prove that this was not a one off success. Mark Burnett also created / produced shows wildly successful shows such as Survivor,  The Voice, Shark Tank.

 

So Trump was never successful at anything he created ground up. But he is a good bs talker, which is how he built his empire but his wealth is mostly from assets that was pass down to him from his dad.

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8 hours ago, mike324 said:

Well to be fair The Apprentice was created by Mark Burnett, and to prove that this was not a one off success. Mark Burnett also created / produced shows wildly successful shows such as Survivor,  The Voice, Shark Tank.

 

So Trump was never successful at anything he created ground up. But he is a good bs talker, which is how he built his empire but his wealth is mostly from assets that was pass down to him from his dad.

I think his dad gave him a fortune to start with.  But Trump multiplied it many times over with fraud,  bogus universities,  legal intimidation (picking on contractors, workers, suppliers, etc, who could not afford to defend themselves from trumps battery of lawyers),  bankruptcies, etc.  In essence, he is a carnival huckster, on an epic scale. 

Edited by alfalfa19
just cuz
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30 minutes ago, alfalfa19 said:

I think his dad gave him a fortune to start with.  But Trump multiplied it many times over with fraud,  bogus universities,  legal intimidation (picking on contractors, workers, suppliers, etc, who could not afford to defend themselves from trumps battery of lawyers),  bankruptcies, etc.  In essence, he is a carnival huckster, on an epic scale. 

Actually he lost it all and then some due to impulsive buys that financially made no sense. His recovery was due partly to his genius at hucksterism and partly that TV show.

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17 hours ago, ballpoint said:

Why the concern?  Trump has great insight on who he is dealing with:

 

“He represents China, I represent the USA, so, you know, there’s going to always be conflict. But we have a very good relationship. People say we have the best relationship of any president-president, because he’s called president also. Now some people might call him the king of China, but he’s called president".

 

http://time.com/4998720/donald-trump-kind-china-xi-jinping/

Can't argue with that logic.

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17 hours ago, boomerangutang said:

I thought you were waxing poetic, ....but clown doesn't rhyme with 'go' or 'slow.'

Allow me to give it a try:

 

Empires come. Empires go.

Sometimes quickly. Sometimes slow.

Rednecks dredge up the dodo.

I like it, it made me laugh, it doesn't scan but maybe that means it's modern or something. 

The important question though, is if the roles were reversed, would the Dodo be stupid enough to dredge up the Redneck?

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