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China Buckles, Sends Trade Delegation to Washington to Seek End of Trade War
Breitbart ^ | 16 Aug 2018 | John Carney

Posted on 08/16/2018 3:42:54 PM PDT by mandaladon

China and the U.S. are set to resume trade talks for the first time since June. A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform.

It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs. The U.S. side will be lead by Under Secretary of the Treasury for International Affairs David Malpass.

China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chilal global economic growth.

The delegation led by a deputy commerce minister will visit in late August to discuss “issues of mutual concern,” the Commerce Ministry announced Thursday. It gave no details of a possible agenda.

The two governments are poised to impose a new round of tariff hikes on $16 billion of each other’s goods next week in their worsening conflict over Beijing’s technology policy.

The Commerce Ministry said Beijing “reiterates its opposition to unilateralism and trade protectionism and does not accept any unilateral trade restrictions.”

This month’s meeting would be the first between senior U.S. and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2018election; 2020election; china; davidmalpass; election2018; election2020; famine; pork; sanctions; soybeans; starvation; tariffs; trade; trump; trumptrade
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1 posted on 08/16/2018 3:42:54 PM PDT by mandaladon
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To: mandaladon

Walk away.

Good strategy to see how the midterms are going to turn out as a prelude to 2020.

Now the Chinese are back.

“The Dukes know something”


2 posted on 08/16/2018 3:45:24 PM PDT by Eddie01
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To: mandaladon

What now is the next step toward breaking the Chinese economy? We are at war with China right now. It is taking the form of cyberwar, but war it is. China is going after conservative online capacity with its allies the High Tech fifth column and is counting on a Democrat takeover of Congress in November.


3 posted on 08/16/2018 3:45:42 PM PDT by arthurus (fhig)
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To: mandaladon

Brinksmanship is for the bold and the confident.

P^ssies need not apply.


4 posted on 08/16/2018 3:48:19 PM PDT by freedumb2003 (As always IMHO)
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To: mandaladon

A billion people without soybeans, or soybeans at inflated prices, through the winter is not a good prospect.


5 posted on 08/16/2018 3:51:10 PM PDT by txrefugee
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To: mandaladon
 
 
Trump's squeezing them to right where he wants them. Evidently the factions had a sit-down, worked out some kind of a plan, since the most vulnerable among them were probably jumping up and down hollering "do something!".
 
I love it when a plan comes together (lights cigar).
 
 

6 posted on 08/16/2018 3:56:36 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: mandaladon

What we don’t need to do is just level the tariffs.

The US needs to keep tariffs up until trade deficits come down and American industries are rebuilt.

I suggest that we keep the negotiations fixed on that. Let them know that we have certain goals. When the trade balances are fixed, and certain industries are restored, then we can lower the tariffs.

And if they help, and buy more of our goods, then maybe we get there sooner than later.


7 posted on 08/16/2018 4:07:51 PM PDT by DannyTN
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To: mandaladon
China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chilal global economic growth.

Hopefully..., but, China plans in decades while we plan from month to month, or at most, election to election! There is NO WAY that a victory lap is in order!

8 posted on 08/16/2018 4:09:48 PM PDT by ExSES (the "bottom-line")
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To: mandaladon

Most Americans have no idea of the expansionist aspect to China with its Belt and Road initiative and their new military bases in the Pacific among other things.
No one has challenged them before.
I may be totally off base, but it seems to me we are trying to prevent a large future war and to protect freedom in the Pacific and other places.


9 posted on 08/16/2018 4:14:17 PM PDT by HereInTheHeartland (I don't want better government; I want much less of it.)
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To: mandaladon

Mohamed El Erian said weeks ago that the U.S. was going to win the trade war. Mr. El Erian is no slouch in the area of finance; he is a man to be taken seriously.

But is this all it takes to bring a meaningful amount of manufacturing back to America, or will it be more than tariffs?


10 posted on 08/16/2018 4:21:48 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: ExSES

This is true.
If something positive comes out of this it will be fairly small, more symbolic than substantial, but it will keep them more careful for a while.
Perhaps make them modify their strategy a bit.


11 posted on 08/16/2018 4:23:40 PM PDT by buwaya
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To: mandaladon

What is the strategy for reducing I/P theft? Very important... As much as the annual trade deficit, maybe moreso.


12 posted on 08/16/2018 4:32:58 PM PDT by Pearls Before Swine ("It's always a party when you're eating the seed corn.")
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To: Pearls Before Swine

What is the strategy for reducing I/P theft? Very important..

To me the single most important issue if we are going to do business with the Chinese.


13 posted on 08/16/2018 4:42:32 PM PDT by heshtesh
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To: ExSES
 
 
There is NO WAY that a victory lap is in order!
 
No, of course not. It's gonna be a process. What's significant is that the Chicoms are blinking - that just does not happen very often. And they're going up against the craftiest negotiator in the Western world. I sleep very well at night knowing that.
 
 

14 posted on 08/16/2018 4:52:06 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: mandaladon

Win again.


15 posted on 08/16/2018 4:57:49 PM PDT by Eleutheria5 (“If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
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To: ExSES

[Hopefully..., but, China plans in decades while we plan from month to month, or at most, election to election! There is NO WAY that a victory lap is in order!]


Nope - they plan to survive month-to-month. No term limits, but nothing to prevent Party rivals from removing them, either, except for superior firepower. China’s rulers exist in a world of unending palace intrigues. And that is why they are always hyper-sensitive about criticism - it’s brute force rather than law that keeps them in power. Allowing criticism might give their subordinates ideas.


16 posted on 08/16/2018 5:07:09 PM PDT by Zhang Fei (They can have my pitbull when they pry his cold dead jaws off my ass.)
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To: Eddie01

“The Dukes know something”

HA!


17 posted on 08/16/2018 5:08:42 PM PDT by Rebelbase (Consensus isn't science.)
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To: mandaladon

This, ladies and gentlemen, is what you call World Leadership.

POTUS has been the only person on the planet willing and able to take on the Chinese Juggernaut.

And he’s making them crawl.


18 posted on 08/16/2018 5:16:05 PM PDT by Mariner (War Criminal #18)
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To: HereInTheHeartland

“No one has challenged them before.”

See my #18.


19 posted on 08/16/2018 5:18:26 PM PDT by Mariner (War Criminal #18)
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To: Mariner

Just have the chicoms write a check for the trade deficit. THEN we talk about currency devaluation and intellectual property.


20 posted on 08/16/2018 5:30:52 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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