Nifty99000 100%

Sensex99000 100%

Article rating: 4.8
Article rating: 3.7
Article rating: 4.2
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: 4.0
Article rating: 3.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 3.0
Article rating: 4.5
Article rating: 5.0


Fair, reciprocal trade with China to boost US growth

Author: PTI/Wednesday, January 30, 2019/Categories: Global

Fair, reciprocal trade with China to boost US growth

Washington - Fair and reciprocal trade with China will boost the long-term economic growth not only of the United States, but also globally, the White House said announcing President Donald Trump will welcome an official delegation from China for a series of meetings later this week to discuss the trade relationship between the two countries.

The meetings inside the White House complex would take place on January 30 and 31.

 “Under President Trump's leadership, the United States economy is growing at record levels, putting the president in a strong position to fix long standing trade concerns with China. On Thursday, the president will meet with the (Chinese) vice premier who is here this week for continued talks,” the White House Press Secretary Sarah Sanders said.

Trump is committed to achieving greater market access for US exports and better treatment for US farmers, ranchers, and businesses. “Fair and reciprocal trade with China will boost long-term economic growth not only of the United States, but globally,” Sanders said.

The Chinese delegation will be led by Vice Premier Liu He. The American delegation will be led by United States Trade Representative (USTR) Robert Lighthizer.

The US delegation will include Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross, Assistant to the President for Economic Policy Larry Kudlow, and Assistant to the President for Trade and Manufacturing Policy Peter Navarro.

According to the White House, the meetings are a part of the agreement reached between Trump and his Chinese counterpart Xi Jinping in Buenos Aires on December 1, 2018, to engage in 90 days of negotiations with a view to achieve needed structural changes in China that affect trade between the two countries.

"The two sides will discuss China's pledge to purchase a substantial amount of goods and services from the United States. Under this agreement, an official United States delegation travelled to Beijing for trade meetings from January 7 to 9, 2019,” the White House said.

According to the Treasury Secretary, significant progress has been made in the talks between the two countries on issues of trade. “There's been significant movement and we're working through what are still very completed issues," he told reporters at the White House.

 “Now let me just remind people, we do have another 30 days after this, so my expectation is that we'll make significant progress at these meetings, but I would just emphasize these are complicated issues. We have a timeline of how we've mapped out the 90 days,” he said in response to a question.

Mnuchin said that enforcement will definitely be one of the top topics with the Chinese. “This is pretty obvious, but we want to make sure that we expect when we get a deal with that that deal will be enforced,” he said.

 “I would say in the conversations we had previously with them, there's been an acknowledgment with China that they understand that. Now, the details of how we do that are very complicated. That needs to be negotiated, but IP protection no more forced joint ventures and enforcement are three of the most important issues on the agenda,” Mnuchin said.

In an op-ed, Andy Puzder, former CEO of CKE Restaurants, said that Chinee economy is rapidly declining because of the policies of Trump.

"President Trump is exposing China's economic vulnerability, showing that the communist nation cannot maintain its rapid growth without it patently unfair mercantilist trade policies,” he said in an op-ed for Fox News.

Print Rate this article:
No rating

Number of views (90)/Comments (0)

rajyashree guha


Other posts by PTI
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free