Is this legal? No farangs welcome...

[webfact]

White House adviser plays down expectations for U.S.-China talks

By David Lawder and Susan Heavey

 

FILE PHOTO: White House trade advisor Peter Navarro gives a television interview on the driveway leading to the West Wing of the White House in Washington, U.S. December 10, 2018. REUTERS/Jonathan Ernst

 

WASHINGTON (Reuters) - A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies.

 

"If we're going to get a great result, we really have to let the process take its course," Peter Navarro said on CNBC.

 

U.S. President Donald Trump's administration is seeking sweeping changes to China's policies and practices on intellectual property protection, the forced transfer of U.S. technology to Chinese firms, American companies' access to China's markets and industrial subsidies.

 

Trump has imposed stiff tariffs on Chinese imports that have roiled global markets. China has retaliated with its own duties.

 

Chinese trade deputies are expected to meet with their U.S. counterparts in mid-September in Washington before minister-level meetings in early October in the U.S. capital, involving Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

 

U.S. tariffs of 15% on about $125 billion worth of goods took effect on Sept. 1, and tariffs on virtually all remaining Chinese imports, including cellphones and laptop computers, are scheduled to take effect on Dec. 15. Tariffs on $250 billion worth of goods are due to rise by 5 percentage points to 30% on Oct. 1.

 

Navarro said the tariffs were "working beautifully."

 

"People need to understand this: the tariffs on China are our best defence against China's economic aggression and best insurance policy - this is important - the best insurance policy that China will continue to negotiate in good faith," he said.

 

The South China Morning Post reported https://bit.ly/2manJ5q, citing an unidentified source, that China was expected to buy more agricultural products in hopes of a better trade deal with the United States.

 

American and Chinese trade officials would discuss a deal based on a draft text that was negotiated in April before the talks broke down in May, the Hong Kong-based newspaper said.

 

The U.S. Chamber of Commerce called for a high-standard comprehensive agreement to lift the uncertainty.

 

"The time is now to strike a deal that addresses the U.S.'s legitimate concerns about market access, forced technology transfer, subsidies, and digital trade, while concurrently removing punitive and retaliatory tariffs," U.S. Chamber international affairs director Myron Brilliant said in remarks to an audience in Beijing.

 

"Without a truly effective agreement, we don’t see an alternative path to reestablishing bilateral economic stability," Brilliant added.

 

The U.S. Commerce Department on Tuesday levied preliminary anti-subsidy duties of 104% to 222% on Chinese-made ceramic tiles, a popular item in U.S. home improvement stores.

 

The Commerce finding that the tile exports were unfairly subsidized affects about $483 million worth of Chinese imports, which have already been hit with 25% tariffs.

 

(Reporting by David Lawder and Susan Heavey; additional reporting by Mohammad Zargham; Editing by Bernadette Baum, Grant McCool and Sonya Hepinstall)

 

-- © Copyright Reuters 2019-09-11

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[mtls2005]

13 minutes ago, webfact said:

A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies.

 

 

It might be easier to be patient if some sort of plan were articulated to we, the public? Plan, as in measurable goals and objectives, and the paths towards those. This is Policy 101.

 

15 minutes ago, webfact said:

"If we're going to get a great result, we really have to let the process take its course," Peter Navarro said on CNBC.

 

 

"If"? Yikes.

 

 

"Trade wars are good, and easy to win."

 

 

Who said that?

 

 

 

[pegman]

It would take Trump getting on his knees and begging before Xie lets him off the hook. 

[neeray]

While I can relate to the concerns outlined in the article, concerns that the U.S. is attempting to address via tariffs, I can also relate to the turmoil that the trade war is reeking world wide.

The "war" has destroyed business confidence. I speak from first hand experience as my business in Canada deals with business in general ..... right now, for most businesses, it's DON'T SPEND !

[Tug]

All this winning is wearing me out lol it would have been easyer to support this if he dident attack and wreak our alliances first

[mtls2005]

31 minutes ago, Tug said:

All this winning is wearing me out lol it would have been easyer to support this if he dident attack and wreak our alliances first

 

TPP probably would have been a good way to pressure China to change some of their tactics?

 

And splitting us off from traditional trading partners, and trade alliances, while negotiating individual deals further limits our overall leverage.

 

Individual deals might work for general contracting: plumbing, electrical, steel, gilding, gold fixtures, etc., but maybe not for international trade?

[harada]

Will this guy be an adviser tomorrow. ☹️

[grumbleweed]

7 hours ago, webfact said:

Navarro said the tariffs were "working beautifully."

Sure they are... just ask the Brazilian soybean growers. They can't believe their luck.

However they disguise it. the US has one way out, and that involves a white flag

[mtls2005]

13 minutes ago, harada said:

Will this guy be an adviser tomorrow. ☹️

 

Well Jared "found" him during an Amazon search, so there you go.

 

But no, if no deal can be struck. That said, at some point the president will agree to anything, and then "claim" victory, so who knows if Mr. Navarro survives?

 

 

[sirineou]

You can't expect the man to do everything!

The wall is Going great, keeping all non white people out and money to pay for it is flowing in from Mexico, Medical insurance is fixed and dirty cheap, North Korea denuclearized, and a deal reached with the taliban will keep our boys safe and bring them home soon.  

I am sure China will perhaps by trump's third term relent also.

[Isaan sailor]

When you consider the mysterious foreign source, who dumps hot money inflows into Bank of Thailand each trading day (which in turn, pumps up the Baht)--you see the damage done by ChiComs.

[bristolboy]

6 minutes ago, Isaan sailor said:

When you consider the mysterious foreign source, who dumps hot money inflows into Bank of Thailand each trading day (which in turn, pumps up the Baht)--you see the damage done by ChiComs.

Or the damage done to your imagination? Proof?

[Isaan sailor]

20 minutes ago, bristolboy said:

Or the damage done to your imagination? Proof?

So who dumps the foreign hot money inflows into Bank of Thailand, Einstein? Perhaps you could enlighten us?

[jany123]

57 minutes ago, Isaan sailor said:

So who dumps the foreign hot money inflows into Bank of Thailand, Einstein? Perhaps you could enlighten us?

as it’s your claim, surely you should be providing the corroboration if any exists

[bristolboy]

58 minutes ago, Isaan sailor said:

So who dumps the foreign hot money inflows into Bank of Thailand, Einstein? Perhaps you could enlighten us?

Unlike you, I understand that assertions should have evidence to back them up. You got some? And no, obsessionality doesn't count.

[from the home of CC]

By the time the US election rolls out Americans are going to realize that by attempting to hurt China they cut their own throats for the approaching job layoffs will be hitting their peak by then.. 

[Isaan sailor]

3 hours ago, jany123 said:

as it’s your claim, surely you should be providing the corroboration if any exists

tradingeconomics, Thailand Foreign Exchange Reserves, Forecast

Forbes: Where Did China's Half a Trillion US Dollars Reserve Go?  Panos Mourdoukas

South China Morning Post: This Week In Asia:  Why Are Middle Class Chinese Moving Their Money Abroad? Coco Liu

[Isaan sailor]

3 hours ago, bristolboy said:

Unlike you, I understand that assertions should have evidence to back them up. You got some? And no, obsessionality doesn't count.

tradingeconomics: Thailand Foreign Exchange Reserves: Forecast

Forbes: Where Did China's Half a Trillion US Dollars Reserve Go  Panos Mourdoukoutas

South China Morning Press; This Week In Asia: Why are middle class Chinese moving their money abroad?  Coco Liu

[bristolboy]

14 minutes ago, Isaan sailor said:

tradingeconomics, Thailand Foreign Exchange Reserves, Forecast

Forbes: Where Did China's Half a Trillion US Dollars Reserve Go?  Panos Mourdoukas

South China Morning Post: This Week In Asia:  Why Are Middle Class Chinese Moving Their Money Abroad? Coco Liu

The Forbes article dates from the Obama era. 

The South China Morning Post article dates from May of 2017 and it's not about hot currency inflows. 

The Trading economics article is simply about Thailand's foreign currency reserves. Nothing at all about China currency inflows..

Try again.

Edited September 11, 2019 by bristolboy

[Isaan sailor]

2 minutes ago, bristolboy said:

The Forbes article dates from the Obama era. 

The South China Morning Post article dates from May of 2017 and it's not about hot currency inflows. 

The Trading economics article is simply about Thailand's foreign currency reserves. Nothing at all about China currency inflows..

Try again.

US State Department quotes Bloomberg:

Bloomberg noted that Thai bonds have been attractive in part because the currency has been stable, more stable than China’s yuan, the agency said. “In a sign of how the flood of money into emerging markets is upending conventional wisdom, Thailand with a credit rating just three levels above junk at Moody’s Investors Service has become a favored low-yielding destination for bond investors,” Bloomberg wrote.

[bristolboy]

5 minutes ago, Isaan sailor said:

US State Department quotes Bloomberg:

Bloomberg noted that Thai bonds have been attractive in part because the currency has been stable, more stable than China’s yuan, the agency said. “In a sign of how the flood of money into emerging markets is upending conventional wisdom, Thailand with a credit rating just three levels above junk at Moody’s Investors Service has become a favored low-yielding destination for bond investors,” Bloomberg wrote.

The article explains why the currency is being sought after.

https://thaiembdc.org/2017/09/20/foreign-investors-buying-up-thai-bonds/

Ya think only the Chinese are looking to trade in foreign currency? (And why is it that you don't include links?)