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Sun Jul 16, 2017, 04:36 AM


U.S.-China trade talks sputtering at 100-day deadline

Source: Reuters

July 16, 2017 / 5:07 AM / 22 minutes ago

SHANGHAI/BEIJING (Reuters) - Bilateral talks aimed at reducing the U.S. trade deficit with China have yielded some initial deals, but U.S. firms say much more needs to be done as a deadline for a 100-day action plan expires on Sunday.

The negotiations, which began in April, have reopened China's market to U.S. beef after 14 years and prompted Chinese pledges to buy U.S. liquefied natural gas. American firms have also been given access to some parts of China's financial services sector.

More details on the 100-day plan are expected to be announced in the coming week as senior U.S. and Chinese officials gather in Washington for annual bilateral economic talks, rebranded this year as the "U.S.-China Comprehensive Economic Dialogue."

"We hope to report further progress on the 100-day deliverables next week," a U.S. Commerce Department spokesman said on Saturday. "That will be the basis for judging the extent of progress."

Read more: http://www.reuters.com/article/us-usa-china-trade-idUSKBN1A109V?il=0

We're lucky if we get anything from the Chinese, especially because we created the current situation.

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Reply U.S.-China trade talks sputtering at 100-day deadline (Original post)
Doug the Dem Jul 2017 OP
Sunlei Jul 2017 #1

Response to Doug the Dem (Original post)

Sun Jul 16, 2017, 12:05 PM

1. beef & dairy industry lost a lot when all other TPP countries, Australia, Canada, Mexico were happy

to fill the trade gap Trillions.

China was not a TPP country, USA domestic beef & domestic dairy will have to sell very cheap to China and raise the price to Americans for beef & dairy to make profits.

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