August 26, 2019
Latest News

Trump, Xi may meet next month, White House adviser says

Washington, May 12 (efe-epa).- US President Donald Trump and China's Xi Jinping may meet face-to-face in Japan next month during the G20 economic summit amid rising trade tensions between the world's two largest economies, a senior White House official said Sunday.

There is a "strong possibility" that the two presidents will hold talks on the sidelines of the conference in Osaka, White House chief economic adviser Larry Kudlow said on the television program "Fox News Sunday."

Negotiators failed last week to reach an agreement to end the trade war that began in 2018 with Trump's decision to impose a 10 percent tariff on $200 billion worth of goods from China, which retaliated with levies on $60 billion worth of US products.

"There were constructive conversations," US Treasury Secretary Steve Mnuchin told reporters last Friday as his bid farewell to Chinese Vice Premier Liu He, the leader of the delegation that traveled from Beijing to Washington for the two-day round.

At 12.01 am last Friday, between the first and second sessions of those talks, the US raised the tariffs on affected Chinese imports from 10 percent to 25 percent.

"China deeply regrets that it will have to take necessary countermeasures," the Chinese government said in a statement after the higher tariffs took effect.

Though both sides spoke of their readiness to continue the negotiations, Mnuchin acknowledged Friday that no further talks were scheduled.

Hours after Liu left Washington, Trump announced that he had ordered US Trade Representative Robert Lighthizer to draw up plans to extend tariffs to an additional $300 million worth of Chinese imports.

Kudlow said Sunday that while there were "no concrete, definite plans" for the resumption of discussions, the Chinese have invited Mnuchin and Lighthizer to Beijing.

"The talks will continue," Kudlow told Fox's Chris Wallace. "I will say this: There is a G20 meeting in Japan toward the end of June next month and the chances that President Trump and President Xi will get together at that meeting are pretty good."

"We were moving well, constructive talks - and I still think that's the case," Kudlow said. "But the problem is, two weeks ago in China, there was backtracking by the Chinese."

The Trump administration increased the tariffs because Beijing was resisting the idea of enshrining in Chinese law some of the concessions Beijing has offered, such as measures to respect the intellectual property of US firms operating in China, the White House adviser said.

"Things seemed to be taking too long, and we can't accept any backtracking," Kudlow said on Fox. "We don't think the Chinese have come far enough, we will wait and see." EFE

News history
US, Japan finalize talks on new trade pact

Biarritz, France, Aug 25 (efe-epa).- The United States and Japan finalized negotiations on a new trade agreement that will enable Washington to increase its...

Disney unveils new characters, fresh film projects at D23 Expo

By Javier Romualdo

Russia launches world's only floating nuclear power plant

By Ignacio Ortega

Brazil must abide by EU-Mercosur deal's climate commitments, ambassador says

By Isadora Camargo

Australia vs US basketball match comes under probe scanner

Sydney, Australia, Aug 23 (efe-epa).- Australian authorities said Friday they would probe allegations that some basketball fans were duped into buying...

Bangkok backpackers' mecca to be revamped by Thai authorities

By Gaspar Ruiz-Canela.

US, Vietnam censure China for interfering in Hanoi’s territorial waters

Washington, Aug 22 (efe-epa).- The United States on Thursday accused China of interfering with Vietnam’s exclusive economic zone in the South China Sea and...

Brexit, US trade deal on Abe's agenda ahead of G7 summit

By Antonio Hermosín Gandul.

Mexican president: Legal sabotage being mounted against new airport

Mexico City, Aug 22 (efe-epa).- Mexican President Andres Manuel Lopez Obrador on Thursday complained that the political opposition has been engaging in...

Russia launches humanoid robot on a mission to Space Station

Moscow, Aug 21 (efe-epa).- Russia launched Thursday its first humanoid robot astronaut to the International Space Station in a critical test flight before...

Qantas to test 19-hour non-stop flight toll on passengers, crew

Sydney, Australia, Aug 22 (efe-epa).- Qantas is to test three approximately 19-hour ultra long-haul flights to see what toll they would take on passengers...

Qantas posts 17-percent drop in earnings

Sydney, Australia, Aug 22 (efe-epa).- Australian flag carrier Qantas posted a 17 percent drop in profit before tax owing to an increase in fuel costs and...

Air New Zealand reports earnings fell by 31 percent

Sydney, Australia, Aug 22 (efe-epa).- National airline Air New Zealand's annual earnings for the financial year 2019 fell by 31 percent due to rising fuel...

Nur-Sultan, Aug 21 (EFE).- The foreign ministers of the five Central Asian countries met here Wednesday with US Under Secretary of State David Hale to...

Bilateral deal reached on Mexican tomato exports to US

Mexico City, Aug 21 (efe-epa).- A bilateral agreement has been reached on Mexican tomato exports that will bring a halt to a United States anti-dumping...

Samsung at risk of losing its semiconductor leadership, says report

Seoul, Aug 21 (efe-epa).- Samsung is on its way to losing its leadership in semiconductor global sales to Intel, according to a leading semiconductor market...

Breathtaking spots offer tourists birdseye views of Uruguay's capital

By Sarah Yañez-Richards

Stabilizing peso is priority, Argentina's new finance minister says

Buenos Aires, Aug 20 (efe-epa).- New Finance Minister Hernan Lacunza said Tuesday that his main goal would be shoring up the Argentine peso, which has...

Butterfly wings could hold key to fighting forgery

By Snezana Stanojevic

Focus is on Macri's goals, Argentina's incoming finance minister says

Buenos Aires, Aug 19 (efe-epa).- Incoming Argentine Finance Minister Hernan Lacunza said Monday that he could not discuss the details of his meeting with...

US gives China's Huawei another 90-day reprieve on sanctions

Washington, Aug 19 (efe-epa).- Chinese tech giant Huawei Technologies on Monday criticized the sanctions imposed by the Donald Trump administration as being...

Iran faces the scourge of fuel smuggling

By Artemis Razmipour

China urges Trump to keep his word, allow business with Huawei in US

Beijing, Aug 19 (efe-epa).- Beijing on Monday urged Donald Trump to keep his word and allow companies in the United States to do business with Chinese tech...

Japan's trade deficit widened by 9.8 percent in July

Tokyo, Jul 19 (efe-epa).- Japan had a trade deficit of 249.6 billion yen ($2.35 billion) in July, a 9.8-percent increase compared to the same month last...

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