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China offers 6-year import boost in trade talks with US: Sources
Posted on 1/18/19 at 2:26 pm
Posted on 1/18/19 at 2:26 pm
quote:
China offers 6-year import boost in trade talks with US: Sources
CNBC
China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations.
By increasing goods imports from the U.S. by a combined value of more than $1 trillion over that period, China would seek to reduce its trade surplus -- which last year stood at $323 billion -- to zero by 2024, one of the people said. The officials asked not to be named as the discussions aren’t public.
quote:
On Thursday the market jumped on a Wall Street Journal report that Treasury Secretary Steven Mnuchin had presented the idea of lowering U.S. tariffs on Chinese goods. However, a Treasury Department spokesperson working with the U.S. trade negotiations teams told CNBC that “neither Secretary Mnuchin nor Ambassador Lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with China.”
The U.S. has tariffs placed on $250 billion worth of Chinese goods and has threatened to add more. As talks continue, Trump postponed raising a 10 percent tariff to 25 percent on $200 billion of goods, which was set to go into effect this month.
The EU also just placed tariffs on Chinese goods. China's economy has taken a major hit over the past year.
This post was edited on 1/18/19 at 2:29 pm
8
Posted on 1/18/19 at 2:29 pm to member12
MAGA’d
Posted on 1/18/19 at 2:30 pm to member12
Posted on 1/18/19 at 2:35 pm to member12
Liberals.. is this good? Or does Orange man bad mean he's colluding with the communist of China to sell our goods out
Posted on 1/18/19 at 2:36 pm to member12
quote:
The real reason stocks popped on China trade report: Cramer The real reason stocks popped on China trade report: Cramer 20 Hours Ago | 00:58 The stock market's positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn't necessarily good, CNBC's Jim Cramer said Thursday.
"Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal" despite the report being anonymously sourced, Cramer noted. "Even when we got contrary reports later in the session that perhaps there might be no deal, these stocks held onto most of their gains."
quote:
The action led the Dow Jones Industrial Average to lift itself out of correction territory, ending the day 163 points higher. The S&P 500 and Nasdaq Composite also climbed.
But to Cramer, host of "Mad Money," the blindly positive moves signaled something concerning about investor sentiment on U.S.-China trade.
"Now, there's no doubt that investors want a deal with China in the worst way — and I actually mean in the worst way, as in the worst way for our country," he said. "The stock market doesn't care if we get a good deal — it wants any deal so we can get back to business as usual.
That's why all the companies with big business in China saw their stocks U-turn and go higher." So, while the market's optimism can make you money, Cramer wouldn't try to build a strategy around trade talks, especially with all the conflicting reports.
LINK
Posted on 1/18/19 at 2:48 pm to member12
China has already come out and stated, that if USA would block everything, China and their economy would collapse like a house of cards.
They need our buying power for their cheap, shite, lead painted, goods.
They haven't even tried to deny what a trade war would do to their economy.
They need our buying power for their cheap, shite, lead painted, goods.
They haven't even tried to deny what a trade war would do to their economy.
Posted on 1/18/19 at 2:51 pm to member12
I don't even care about that. I just want them to play fair.
Posted on 1/18/19 at 3:01 pm to OweO
quote:
But to Cramer, host of "Mad Money," the blindly positive moves signaled something concerning about investor sentiment on U.S.-China trade.
Cramer is a moron
Posted on 1/18/19 at 3:11 pm to member12
The Chinese and Japanese have been screwing the U.S. for years. Trade negotiations with them has led to unfulfilled promises. Meanwhile, our government and the U.S. public doesn’t pay attention. I hope Trump’s get tough approach finally pays off!
Posted on 1/18/19 at 3:24 pm to member12
The trade deficit isn't really the big issue. The big issue is stealing IP, not allowing direct foreign investment, and being fricking commies. I would love to see the tariffs come to an end because the major bulk of my business relies on imported goods from China, but you won't find another person on this board that hates the Chinese govt more than I do.
Posted on 1/18/19 at 3:41 pm to Codythetiger
quote:
Liberals.. is this good? Or does Orange man bad mean he's colluding with the communist of China to sell our goods out
A broken clock is still right two times a day. Doesn't mean it's a good clock.
Posted on 1/18/19 at 4:11 pm to SeeeeK
quote:
China has already come out and stated, that if USA would block everything, China and their economy would collapse like a house of cards.
They have more to lose than we do.
Posted on 1/18/19 at 4:14 pm to MLCLyons
quote:
A broken clock is still right two times a day. Doesn't mean it's a good clock.
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