Homepage / Asia / The US-China trade discussion is just getting started, so experts don't expect much yet
test Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane

Asia

The US-China trade discussion is just getting started, so experts don't expect much yet

A U.S. delegation to China negotiating the yawning trade gap between the world’s two largest economies is just beginning a long and protracted process with any concrete outcomes unlikely from this first round, experts said on Friday.

“This 48-hours negotiation is unlikely to result in any concrete outcomes, and certainly not resolve anything,” said Deborah Elms, executive director at the Singapore-based Asian Trade Centre.

The talks, led by Treasury Secretary Steve Mnuchin and Chinese Vice Premier Liu He, began on Thursday. The U.S. team contains key members of President Donald Trump’s administration including the National Economic Council’s Larry Kudlow and U.S. Trade Representative Robert Lighthizer.

Trump’s team was set to depart Friday.

So far, few details from the meeting have emerged, but Mnuchin told reporters on Friday morning that the delegation has been “having very good conversations,” Reuters reported.

The current “getting-to-know-you phase” will give Chinese officials the opportunity to assess the delegation, Elms said. It also comes with risks from looming tariffs between the two giants, she added.

“We’re in the process of negotiations, which suggests that things are moving along quite well. But, because it’s all taking place with the possibility of tariffs that could be triggered at any moment, that’s a lot of pressure and things could go quickly awry without a lot of additional pressure,” said Elms.

One major issue under scrutiny is if the U.S. will be able to talk China into rolling back Xi Jinping’s Made in China 2025 drive — a core government program to upgrade the country’s manufacturing base by way of more advanced products.

The meetings this week are seen to be more exploratory than anything, said David Dodwell, CEO of consultancy Strategic Access.

“We have to measure its importance simply in terms of the size of the team. The fact that just about everybody with the responsibility for economic and trade management in the U.S. is there means they obviously want all the troops there to see the status quo,” Dodwell told CNBC.

The United States imported about $479 billion from China in 2016, but exported just $170 billion, according to the Office of the U.S. Trade Representative. The U.S. goods and services trade deficit to China the same year was $385 billion. Trump said tariffs on steel and aluminum would correct what he deems an unfair trade system.

Even though China is seen to have helped the U.S. deal with North Korea — which Trump earlier in his term factored into his trade thinking — it doesn’t mean Trump will cut Beijing any slack regarding the trade gap, said Elms.

“This ‘China thing’ is a longstanding problem for Trump. It’s a longstanding objection of his. And so, if he would call off the Chinese tariff war, he would be undermining his own longstanding complaints about China,” said Elms.

—CNBC’s Kellie Ell contributed to this report.

Source: cnbc china
The US-China trade discussion is just getting started, so experts don't expect much yet

Comments are closed.