February 17, 2019
Latest News

Trump rules out meeting with Xi before China trade dialogue deadline

 President Donald Trump at a signing ceremony in the Oval Office on Feb. 7, 2019.  EFE-EPA/ Jim Lo Scalzo

President Donald Trump at a signing ceremony in the Oval Office on Feb. 7, 2019. EFE-EPA/ Jim Lo Scalzo

Washington, Feb 7 (efe-epa).- President Donald Trump on Thursday ruled out meeting with his Chinese counterpart, Xi Jinping, before the theoretical deadline for concluding trade negotiations between the US and China.

"No," Trump responded when asked by reporters at the White House if he would be meeting with Xi before the deadline.

However, Trump left the door open to meeting with Xi in the weeks after that date, which had been announced on Dec. 1 during the G20 summit in Buenos Aires.

In his State of the Union address on Tuesday, Trump said that he is working with Xi to achieve a new bilateral trade accord but that "it must include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs."

Trump went on to say in his address to Congress that "now our Treasury is receiving billions and billions of dollars" as a result of the tariffs he ordered imposed on some $250 billion worth of Chinese goods.

White House economic adviser Larry Kudlow told Fox Business that although Trump was optimistic that a trade deal could be worked out, there was a "pretty sizable distance" between the two countries' negotiating positions at present.

"At some point the two presidents will meet, that is what Mr. Trump has been saying. But that is off in the distance still at the moment," he said.

In December, Trump agreed to suspend for 90 days - until March 1 - his plan to levy 25 percent tariffs on hundreds of products imported from China.

The doubt now exists, however, whether that term will be extended and if the current 10 percent tariffs will be maintained.

According to CNBC, citing Trump administration officials, the US government will not hike the tariffs on Beijing on March 1 even if no accord has yet been reached to end the bilateral trade war.

In all, Washington has imposed tariffs on Chinese products valued at some $250 billion since July and Trump had threatened to sanction goods worth another $267 billion each year, which would exceed the volume of Chinese imports, which in 2017 amounted to $506 billion.

In reprisal, China has imposed tariffs on more than $60 billion in US goods, about half of the $130 billion worth of goods it purchased from this country in 2017.

News history
Trump meets with US trade delegation after Beijing talks

Washington, Feb 16 (efe-epa).- The president of the United States met Saturday with the team of negotiators who traveled this week to Beijing for a new...

Chile, the perfect window on 2019's total eclipse of the sun

By Alberto Valdes Gomez

Bruno Ganz, actor who played empathic angel, Hitler in Downfall, dies aged 77

Geneva, Feb 16 (efe-epa).- Bruno Ganz, the actor who rose to fame for his portrayal of an angel yearning to experience the feeling of mortality and also...

Panama Canal names new chief administrator

Panama City, Feb 15 (efe-epa).- The Panama Canal Authority (ACP) on Friday selected a new chief administrator for the inter-oceanic waterway for the...

Mexican gov't unveils $5.5 bn package to support ailing Pemex

Mexico City, Feb 15 (EFE).- Mexico's government on Friday unveiled a 107-billion-peso ($5.5-billion) aid package in 2019 for state oil company Petroleos...

Trump says trade talks with China are going well

Washington, Feb 15 (epa-efe).- US President Donald Trump said here Friday that talks with China on a wide-ranging trade agreement were going "extremely well."

Kazakhstan ready to share oil and gas know-how with Central Asian neighbors

Astana, Feb 14 (efe-epa).- Kazakhstan's oil and gas industry plans to share its know-how with its neighbors in Central Asia in a bid to create a stable...

Brazilian economic activity expands 1.15 pct. in 2018

Rio de Janeiro, Feb 15 (efe-epa).- Brazil's economic activity expanded 1.15 percent last year with respect to 2017, a sign that the South American giant is...

Turkish media is losing influence over people, says academic

Ankara, Feb 15 (efe-epa).- Turkish media is losing its power to influence people and the news that is heard or read by at least half of the population is...

8 Vale employees arrested over Brazil mine dam disaster

Sao Paulo, Feb 15 (efe-epa).- Eight employees of Brazilian mining giant Vale were arrested Friday as part of an investigation into a mine tailings dam...

China, US finish third round of trade negotiations, claim progress

Beijing, Feb 15 (efe-epa).- The third round of negotiations between representatives of China and the United States to resolve an ongoing trade conflict...

Chinese inflation rises 1.7 percent in January

Beijing, Feb 15 (efe-epa).- China's main inflation indicator, the Consumer Price Index, rose 1.7 percent year on year in January, marking its third...

China exempts 14 Brazilian firms from anti-dumping tariffs

Shanghai, China, Feb 15 (efe-epa).- China on Friday imposed anti-dumping duties on chicken imports from Brazil but exempted 14 firms in exchange for a price...

Huawei accuses US of orchestrating geopolitical campaign against it

Beijing, Feb 15 (efe-epa).- One of Huawei's three rotating chairmen accused the United States of creating a geopolitical campaign against the Chinese...

Argentina records yearly inflation of 49.3 percent, highest since 1991

Buenos Aires, Feb 14 (efe-epa).- Inflation in Argentina rose to 49.3 percent year-on-year in January, according to data released Thursday by the National...

Panamanian state bank sounds alarm

Panama City, Feb 14 (epa-efe).- The state-owned Banco Nacional de Panama (BNP) said Thursday that a billion-dollar lawsuit filed by business magnate Abdul...

Brazil's Vale rejects blame for deadly disaster

Brasilia, Feb 14 (efe-epa).- The CEO of Brazilian mining giant Vale said here Thursday that his company should not be condemned for last month's collapse of...

Amazon scraps plans to open new headquarters in New York City

New York, Feb 14 (efe-epa).- E-commerce giant Amazon.com Inc. said Thursday it has canceled plans to build a new headquarters in New York City, citing a...

Mexico's Caribbean region needs to win back tourists

Cancun, Mexico, Feb 14 (efe-epa).- The state of Quintana Roo, home to Mexico's most popular Caribbean tourist destinations, faces the challenge of...

23 miners feared dead in Zimbabwe after gold mines flood

Harare, Feb 14 (efe-epa).- At least 23 miners are feared dead in central Zimbabwe after a dam wall broke and flooded the shafts of two gold mines in which...

Airbus A-380: the double-decker giant of the skies that never really took off

ParĂ­s, Feb 14 (efe-epa).- The A-380, a mammoth double-decker commercial airliner, was supposed to revolutionize the way people flew to far-off...

Renault profit slumps on lower Nissan contribution

Paris, Feb 14 (efe-epa).- Renault SA's new chief executive plans to stick to the strategy set by his predecessor, after last year's profit dropped due to...

Popularity of Valentine's Day chocolate tradition dips in Japan

Tokyo, Feb 14 (efe-epa).- Chocolate is synonymous with Valentine's Day all over the world, but in Japan, where the sector generates around 20 percent of its...

Valentine's Day in Beijing

New York, Feb 14 (efe-epa).- In New York City restaurants, the party-of-one is becoming a cause for celebration, according to a Dow Jones Newswires report...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.