China, U.S. to review trade deal, air other grievances on August 15 - sources

webfact · August 4, 2020

China, U.S. to review trade deal, air other grievances on August 15 - sources

By David Lawder

FILE PHOTO: Chinese and U.S. flags flutter in Shanghai, China June 3, 2020. REUTERS/Aly Song

WASHINGTON (Reuters) - Senior U.S. and Chinese officials will review the implementation of a Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during an Aug. 15 videoconference, two people familiar with the plans said.

U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the principal negotiators for the two countries, will participate in the meeting, which is an initial semi-annual review of the pact signed on Jan. 15 and activated a month later.

The meeting plans were first reported by the Wall Street Journal. The U.S. Trade Representative's office and the U.S. Treasury did not respond to requests for comment.

Under the Phase 1 trade deal signed in January, China had pledged to boost purchases of U.S. goods by some $200 billion over 2017 levels, including agricultural and manufactured products, energy and services.

But China, battered by the global coronavirus recession, is far behind the pace needed to meet its first-year goal of a $77 billion increase. Imports of farm goods have been lower than the 2017 level, far behind the 50% increase needed to meet the 2020 target of $36.5 billion. Beijing has bought only 5% of the energy products needed to meet the Phase 1 first year goal of $25.3 billion.

One of the people familiar with the plans said Chinese officials hoped to discuss other issues beyond the Phase 1 trade deal implementation.

"It's both the normal semi-annual review and also comes at a time when the relationship continues to deteriorate. Naturally there is much to discuss," the person said.

Trump has threatened to end the trade pact over China's early handling of the coronavirus, which originated in the Chinese city of Wuhan, and tensions have risen over U.S. sanctions related to China's security crackdown on Hong Kong.

The latest irritant between the world's two largest economies is Trump's threat to ban U.S. use of the Chinese-owned video app TikTok unless it is sold to a non-Chinese buyer.

White House officials on Tuesday could not say how Trump's suggestion that a portion of the proceeds of the sale -- potentially to U.S. software giant Microsoft <MSFT.O> -- should go to the U.S. Treasury could be implemented.

(Additional reporting by Kanishka Singh in Bengaluru; editing by Jonathan Oatis and Tom Brown)

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

Matzzon · August 4, 2020

That´s going to work perfect as long as Trump does not steal the red fire truck from Xi, and that Xi not dig down Trump´s blue police car.

As long as both playmates dig deep and refrain from throwing sand in each others eyes, this can be the start of a lifelong friendship.

Edited August 4, 2020 by Matzzon

Tug · August 4, 2020

Oh boy bet the you know what’s gonna hit the fan the Chinese are <deleted> off allready they know trumps headed to the dumpster my guess is they are going to stick it to us

Dumbastheycome · August 4, 2020

While the article clearly says China is/has not adhered to the trade deal it says nothing about the US.

Was this a reciprocal deal or not?

geriatrickid · August 5, 2020

The USA had better be on its best behavior. It has a lot to lose, especially with Covid19 raging. Despite the recent buy American laws rushed into effect, the USA is still very dependent upon China for the import of; N95 masks, eye goggles, face shields, gowns, and safety gloves. Although China only controls 30% of the global pharmaceutical product, much of it is in the low cost generic active ingredients. If China cuts off the USA, drug costs would soar, and many common drugs would no longer be available.

Consider what would happen if the USA lost its access to cheap consumer goods. Much of the the USA population would be angry.

brianp0803 · August 5, 2020

7 hours ago, geriatrickid said:

The USA had better be on its best behavior. It has a lot to lose, especially with Covid19 raging. Despite the recent buy American laws rushed into effect, the USA is still very dependent upon China for the import of; N95 masks, eye goggles, face shields, gowns, and safety gloves. Although China only controls 30% of the global pharmaceutical product, much of it is in the low cost generic active ingredients. If China cuts off the USA, drug costs would soar, and many common drugs would no longer be available.

Consider what would happen if the USA lost its access to cheap consumer goods. Much of the the USA population would be angry.

China is likely going to delay and hope Biden gets elected. Unlikely Biden will be able to remain focused long enough to make a fair deal for America. Then China will continue on their path of world economic dominance.

Standing up to China now will cause some short term pain. But nothing compared to the pain if China is allowed to do anything it wants for 8 more years.

Suggesting playing nice with China so we feel no pain is the same as a mother telling her child to give the bully all you money and your Iphone so he doesn’t hurt you. But maybe some feel it is better to just pay the bully and not risk getting hurt.

ThaiFelix · August 5, 2020

At the end of the day the US and China need each other. The US is in the toilet and China knows it. China on the other hand is an emerging/emerged giant with a shrewd business head. If Trump can control himself and think of the US first, and not himself, I believe a reasonable settlement will be reached which will benefit both sides. All empires eventually crumble and the US has to realise it has had its day but to make the best of it.

Isaan sailor · August 5, 2020

Too many China cheerleaders here. Very suspicious.

stevenl · August 5, 2020

2 hours ago, brianp0803 said:

China is likely going to delay and hope Biden gets elected. Unlikely Biden will be able to remain focused long enough to make a fair deal for America. Then China will continue on their path of world economic dominance.

Standing up to China now will cause some short term pain. But nothing compared to the pain if China is allowed to do anything it wants for 8 more years.

Suggesting playing nice with China so we feel no pain is the same as a mother telling her child to give the bully all you money and your Iphone so he doesn’t hurt you. But maybe some feel it is better to just pay the bully and not risk getting hurt.

12 minutes ago, Isaan sailor said:

Too many China cheerleaders here. Very suspicious.

Again the same old same old nonsense.

Disagreeing with the present approach does not equate 'playing nice with China' or 'cheerleading China'.

Rimmer · August 5, 2020

An unattributed post has been removed

IAMHERE · August 5, 2020

15 hours ago, Tug said:

Oh boy bet the you know what’s gonna hit the fan the Chinese are <deleted> off allready they know trumps headed to the dumpster my guess is they are going to stick it to us

That is their 500 year plan. The 100 day plan is they don't have to follow their side of the agreement until after November 4th, if then.

geriatrickid · August 5, 2020

3 hours ago, Isaan sailor said:

Too many China cheerleaders here. Very suspicious.

Cheerleaders? No. Realists, yes.

If the western world wishes to maintain its independence and to stand up to China expansionism, it must wean itself of its dependence on China. It will take time. 50 years of stupidity cannot be reversed over night. It will take time to rebuild the factories, to train the skilled workers and to retool, perhaps a decade. It will also require many westerners to rediscover manual and skilled labour and to understand that there is no shame in doing it.

Almost a century and half ago ago, the European opium sellers, at gunpoint, forced opium on China. The first US multimillionaire, J.J. Astor made his fortune on opium smuggling to China, and the British violently grabbed huge chunks of China, including Hong Kong. The Chinese never forgot this theft, abuse and humiliation. Today, we see that they have turned the table, on the west making the west the addicts, dependent upon cheap consumer and essential products. The Chinese were patient and long term strategy focused. Westerners are not. Everything is short term, with an immediate profit. Capitalism run amuck and the end result is economic cannabilism.

I don't want to be subservient to the Chinese, nor at there mercy for the most basic of supplies. It will be expensive to regain economic independence and those who demand an immediate cut, will be the first to complain about the cost of doing so. We need to do it and the sooner the better, but the Trump strategy is non existent. It's all talk, with little thought to how it will get done.

What a farce,when some say Biden will cave in. Well, it wasn't the democrats who argued for the shift of jobs out of the USA. The largest transfers occurred during the heyday of Republican administrations. Everyone was rushing to cash in on China. For the past 50 years, no one makes a profit in China except the Chinese.

OZinPattaya · August 5, 2020

Why is this a China vs. US issue? Where is Britain and the EU where China is concerned? Nowhere, that's where. While all you liberal Brits and Euros bitch about the Orange Man, the fact remains he's the only leader in the West doing a damn thing about China. No? I'm wrong? Then please enlighten me as to what Britain and the entirety of Europe has done in the last decade about the China threat.

The fact is China laughs in the face of Britain and Europe because, even combined, it's an utterly spineless group of nations, that probably couldn't even manage to intimidate a tribe of pigmies in the hinterland of South America.

Edited August 5, 2020 by OZinPattaya

candide · August 5, 2020

9 minutes ago, OZinPattaya said:

Why is this a China vs. US issue? Where is Britain and the EU where China is concerned? Nowhere, that's where. While all you liberal Brits and Euros bitch about the Orange Man, the fact remains he's the only leader in the West doing a damn thing about China. No? I'm wrong? Then please enlighten me as to what Britain and the entirety of Europe has done in the last decade about the China threat.

The fact is China laughs in the face of Britain and Europe because, even combined, it's an utterly spineless group of nations, that probably couldn't even manage to intimidate a tribe of pigmies in the hinterland of South America.

China is laughing much more about Trump (Ok, they will soon laugh about UK. Nothing personal about UK, it will just be too small to have any significant weight). He's only posturing for his electorate and did not achieve anything re China.

A rational leader would have sought to find some common position on China, instead of starting a tariff war with the EU and insulting European leaders. A rational leader would also have not aborted the TPP and would have proposed an alternative to the Belt and Road initiative.

On top of it, Trump has no credibility in Europe, except maybe for the current Polish and Hungarian proto-dictators. Any sensible government following Trump? Are you kidding?

Matzzon · August 5, 2020

11 hours ago, brianp0803 said:

China is likely going to delay and hope Biden gets elected. Unlikely Biden will be able to remain focused long enough to make a fair deal for America. Then China will continue on their path of world economic dominance.

Standing up to China now will cause some short term pain. But nothing compared to the pain if China is allowed to do anything it wants for 8 more years.

Suggesting playing nice with China so we feel no pain is the same as a mother telling her child to give the bully all you money and your Iphone so he doesn’t hurt you. But maybe some feel it is better to just pay the bully and not risk getting hurt.

Your comment is a perfect example of why it´s not possible to make a deal. Thank you for explaining.

stevenl · August 5, 2020

3 hours ago, OZinPattaya said:

Why is this a China vs. US issue? <snip>

Because Trump made it that by alienating Europe in stead of operating together.

sanuk711 · August 6, 2020

22 hours ago, geriatrickid said:

Consider what would happen if the USA lost its access to cheap consumer goods. Much of the the USA population would be angry.

Much of the the USA population would be ~~angry.~~ back in employment.

LomSak27 · August 6, 2020

14 hours ago, brianp0803 said:

China is likely going to delay and hope Biden gets elected. Unlikely Biden will be able to remain focused long enough to make a fair deal for America. Then China will continue on their path of world economic dominance.

More Like Donald Trump. China just has to delay, deflect, and Trump will lose interest and head prancing off, searching for a new issue that might help his out of his self dug hole.

First Law and order, send troops to Portland. No one cares about Portland, least of all Oregonians. Now it is Get Tough With China.

China can just wait him out. Given Donalds limited attention span, he will be off in a week to a new pipe dream for saving a lost election.

Rimmer · August 6, 2020

Some off topic posts have been removed

Eric Loh · August 6, 2020

3 hours ago, sanuk711 said:

Much of the the USA population would be ~~angry.~~ back in employment.

Back in employment with Chinese wages in USA? Oxymoron.

sanuk711 · August 6, 2020

43 minutes ago, Eric Loh said:

Back in employment with Chinese wages in USA? Oxymoron.

No stay on state welfare --and depend on another country --of which you are at absolutely poles apart politically, to supply you with essential medical supplies. --How is that working out when you have an argument.?

Let them make the Iphones & Walmart <deleted>, you wont let them do your internet--so don't let them do your essential medical stuff. Yes its going to be more expensive...but were things really that bad in 80s when you didn't rely on them.

3NUMBAS · August 10, 2020

https://www.express.co.uk/news/world/1320540/china-bubonic-plague-news-lockdown-village-bayannur-inner-mongolia-rats

China bubonic plague spreads: Beijing orders second lockdown after new horror death

PANIC has swept across China's Inner Mongolia province after a second bubonic plague lockdown was enforced, two days after the first, as whole villages are sealed off.

By Brian McGleenon

sammieuk1 · August 10, 2020

Can i join in with the other grievances bit ????

OZinPattaya · August 11, 2020

On 8/5/2020 at 3:15 PM, candide said:

China is laughing much more about Trump (Ok, they will soon laugh about UK. Nothing personal about UK, it will just be too small to have any significant weight). He's only posturing for his electorate and did not achieve anything re China.

A rational leader would have sought to find some common position on China, instead of starting a tariff war with the EU and insulting European leaders. A rational leader would also have not aborted the TPP and would have proposed an alternative to the Belt and Road initiative.

On top of it, Trump has no credibility in Europe, except maybe for the current Polish and Hungarian proto-dictators. Any sensible government following Trump? Are you kidding?

Common ground with the CCP. Good luck with that. That does seem to be the strategy of Britain and Europe: To cherish a false and utterly deluded hope of "compromising" with the CCP while secretly, and in most cowardly fashion, depending on the might of America to rescue the Western world as Britain and Europe do absolutely nothing in the meantime, besides cower behind their "woke" and globalist sentimentality.

Countries like Poland REMEMBER what it was like to live under a communist, far-left regime, so it should come as no surprise that they are reluctant to embrace all this sanguine multiculturalist rigmarole. No surprise that they should cherish their independence and their sovereignty. If that makes them "proto-dictatorships"--a typical example of leftist hyperbole--then more power to 'em!

Edited August 11, 2020 by OZinPattaya

daveAustin · August 11, 2020

On 8/5/2020 at 8:52 PM, OZinPattaya said:

Why is this a China vs. US issue? Where is Britain and the EU where China is concerned? Nowhere, that's where. While all you liberal Brits and Euros bitch about the Orange Man, the fact remains he's the only leader in the West doing a damn thing about China. No? I'm wrong? Then please enlighten me as to what Britain and the entirety of Europe has done in the last decade about the China threat.

The fact is China laughs in the face of Britain and Europe because, even combined, it's an utterly spineless group of nations, that probably couldn't even manage to intimidate a tribe of pigmies in the hinterland of South America.

Is that aussie bogun speak or just an unfortunate nik? UK sticking it to China on the HK issue and willing to take its people in is pretty ballsy for a country a fraction of the size. What do you expect them to do, throw over a couple of tridents? I agree on the euros though, they are indeed spineless.

gearbox · August 11, 2020

On 8/6/2020 at 5:52 AM, OZinPattaya said:

Why is this a China vs. US issue? Where is Britain and the EU where China is concerned? Nowhere, that's where. While all you liberal Brits and Euros bitch about the Orange Man, the fact remains he's the only leader in the West doing a damn thing about China. No? I'm wrong? Then please enlighten me as to what Britain and the entirety of Europe has done in the last decade about the China threat.

The fact is China laughs in the face of Britain and Europe because, even combined, it's an utterly spineless group of nations, that probably couldn't even manage to intimidate a tribe of pigmies in the hinterland of South America.

Hmm, why would EU care? They are not in a trade war with China. Many EU countries produce good stuff and have positive trade balance.

On the other end look at OZ. The lapdog of US, but with nearly 50% of exports going to China.

candide · August 11, 2020

2 hours ago, OZinPattaya said:

Common ground with the CCP. Good luck with that. That does seem to be the strategy of Britain and Europe: To cherish a false and utterly deluded hope of "compromising" with the CCP while secretly, and in most cowardly fashion, depending on the might of America to rescue the Western world as Britain and Europe do absolutely nothing in the meantime, besides cower behind their "woke" and globalist sentimentality.

Countries like Poland REMEMBER what it was like to live under a communist, far-left regime, so it should come as no surprise that they are reluctant to embrace all this sanguine multiculturalist rigmarole. No surprise that they should cherish their independence and their sovereignty. If that makes them "proto-dictatorships"--a typical example of leftist hyperbole--then more power to 'em!

When you have no rational argument, you distort other people's words. Pathetic.

impulse · August 11, 2020

59 minutes ago, gearbox said:

Hmm, why would EU care? They are not in a trade war with China.

Yeah. They are. Maybe they don't know it yet. But they have been for decades.

Sign In

China, U.S. to review trade deal, air other grievances on August 15 - sources

Recommended Posts

China bubonic plague spreads: Beijing orders second lockdown after new horror death

PANIC has swept across China's Inner Mongolia province after a second bubonic plague lockdown was enforced, two days after the first, as whole villages are sealed off.

Create an account or sign in to comment

Create an account

Sign in

Recently Browsing 0 members

Announcements

Topics

Latest posts...

Popular in The Pub

ASEANNOW

MORE INFO

POPULAR AREAS

CONTACT US