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As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking
Reuters ^ | 09-05-19 | Yawen Chen, Se Young Lee

Posted on 05/09/2019 8:03:16 AM PDT by Monrose72

China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff hikes set to be triggered on Friday. The two sides had appeared to be converging on a deal until last weekend, when U.S. President Donald Trump announced his intention to raise tariffs with his negotiators saying that China was backtracking on earlier commitments. “The U.S. side has given many labels recently, ‘backtracking’, ‘betraying’ etc...China sets great store on trustworthiness and keeps its promises, and this has never changed,” Commerce Ministry spokesman Gao Feng said on Thursday.

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


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: backtracking; boycotts; china; chinatariffs; sanctions; tariffs; trade; trump; trumpchina
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To: Monrose72

Haha, looks like Trump found their soft spot when he impugned their reputation. They have brought great shame to their family :D


21 posted on 05/09/2019 8:22:46 AM PDT by Boogieman
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To: Monrose72

Even if they agree to a deal they won’t honor it. They never do.


22 posted on 05/09/2019 8:29:18 AM PDT by Starboard
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To: Monrose72

Right HERE is the difference between Trump, and every other DC Swamp Creature and President.

Chinese still believe they are dealing with a US Gov’t bureaucracy run by a Clinton, Bush, Romney, Biden or some other swamp-dweller. They will play the game of back-and-forth, advance-retreat, promise and delay, etc...

Trump has changed the game.


23 posted on 05/09/2019 8:33:14 AM PDT by PGR88
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To: nathanbedford

China has been lying, cheating, and screwing us for years. Time to make them pay bigtime! They have NO HONOR so treat them like the thieves they are!!


24 posted on 05/09/2019 8:34:56 AM PDT by Mollypitcher1 (I have not yet begun to fight....John Paul Jones)
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To: Monrose72
"China sets great store on trustworthiness and keeps its promises, and this has never changed,” Commerce Ministry spokesman Gao Feng said on Thursday."

What utter BS that comment is. China bought our missle system technology during the Clinton years through illega campaign donations (Riady and Chung), and have been hacking our military secrets for years, not to mention unfair trade policies.

25 posted on 05/09/2019 8:35:51 AM PDT by A Navy Vet (I'm not Islamophobic - I'm Islamonauseous. Plus LGBTQxyz nauseous.)
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To: READINABLUESTATE

Thanks for sharing this condensed version.


26 posted on 05/09/2019 8:35:57 AM PDT by Starboard
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To: Monrose72

“China sets great store on trustworthiness and keeps its promises, and this has never changed...”

I hate people that treat me as stupid.

Dear President Trump: F China. To put it differently, F China. Or, in other words, F China.


27 posted on 05/09/2019 8:36:23 AM PDT by polymuser (Hi It is terrible to contemplate how few politicians are hanged today. - Chesterton)
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To: PGR88

12:01 AM cannot come fast enough. Tomorrow is D-Day in the ongoing economic trade war with the ChiComs!!!


28 posted on 05/09/2019 8:36:46 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Monrose72
China sets great store on trustworthiness and keeps its promises, and this has never changed,” Commerce Ministry spokesman Gao Feng said on Thursday.

To paraphrase a fellow vet (fellow to John Kerry), writing on the Swift Vets forum, years ago, speaking of Sen. Kerry's claims about his "service" in Vietnam:

My God! He must have bigger (you-know-whats) than Steven Seagall, to lie like that!

I never forgot that line!

29 posted on 05/09/2019 8:39:45 AM PDT by Paul R. (The Lib / Socialist goal: Total control of nothing left worth controlling.)
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To: Trump Girl Kit Cat

The chinese .gov are a lot smarter than the US press. They know better.


30 posted on 05/09/2019 8:55:53 AM PDT by reardensteel
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To: jz638

Changes to the prices of things nearly all Americans buy each day, and the impact to millions of jobs across the nation, even if it’s a temporary blip in pricing or production, or quarterly earnings revisions across industries is much more significant.
**********************************************************
Hmmm...did you see that in the first round of China tariffs (to 25% & 10%)? No you didn’t, China swallowed the costs. You also won’t see that in the increase of that 10% portion to 25% on Friday. The low labor cost “ticky-tack” products (all the non-durable crap we get from China in trade/exchange for many, many billions of hard currency dollars). That crap falls apart and/or is thrown away quickly but the hard dollars remain in China’s hands. Production of such ticky-tack output can be (and is being) sourced from other countries such as Vietnam.


31 posted on 05/09/2019 8:55:58 AM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
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To: Monrose72

I don’t want a deal, I want the tariffs.


32 posted on 05/09/2019 9:04:18 AM PDT by Shadow44
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To: Monrose72
The "Art of the Deal", push them so far to one side that they then offer you " half of their side" as a settlement.
Then you say,"How about we split the difference"

Perfect

33 posted on 05/09/2019 9:20:10 AM PDT by fedupjohn (Future Follows Past ...You have more then you know...Q)
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To: nathanbedford
Mentally and materially, China is much better prepared than its U.S. counterpart.

Materially that is BS! China is operating at and bumped up their in-house systems by about 500%, are they really prepared to bump it up 1000%?? More importantly, American consumers are the #1 target of every world-wide manufacturer - including those in China! No matter what kind of cost savings, changes or production improvements they make, China NEEDS the American consumer more than Trump needs China!

The only thing they MIGHT be better prepared for is the "mentally" portion. China is going to have to either backtrack or they are going to try to safe face and start some international crap (North Korea firing off missiles all of a sudden seems AWFULLY coincidental); their economy is killing them internally and they cannot continue to support the multiple, empty, gargantuan cities they recently built.
34 posted on 05/09/2019 9:32:26 AM PDT by ExTxMarine (Diversity is tolerance; diverse points of views will not be tolerated!)
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To: Monrose72

Testing him.


35 posted on 05/09/2019 9:42:10 AM 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: A Navy Vet
"China sets great store on trustworthiness and keeps its promises, and this has never changed,” Commerce Ministry spokesman Gao Feng said on Thursday."

Stand-up comedy, Chinese style. (When they stand up, they always cross their fingers behind their backs).

36 posted on 05/09/2019 9:54:52 AM PDT by CDB
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To: Monrose72

Winners make jokes.

Losers say “Deal!”


37 posted on 05/09/2019 9:55:38 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: CDB

He needs to Gao Feng himself.


38 posted on 05/09/2019 9:56:32 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Monrose72

No China, we won’t meet you halfway, but if you insist, we’ll meet you at Midway.


39 posted on 05/09/2019 9:57:28 AM PDT by Enterprise
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To: central_va

haha brilliant


40 posted on 05/09/2019 10:10:34 AM PDT by Monrose72
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