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vegassports-odds.com May 20, 2018


Trump support brings ZTE a step closer to resuming normal operations

15 May 2018, 08:13 | Taylor George

US and China still “very far apart” on trade, says US ambassador

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"We'd like to see China being just as open as the United States", he said.

The case dates to before Trump took office in January 2007 but the Commerce Department's decision came amid worsening trade tensions between the US and China centered on technology-related intellectual property.

Major U.S. business groups have urged the Trump administration to drop its plan to impose tariffs on Chinese goods ahead of key public hearings beginning Tuesday, arguing that tariffs would hurt U.S. companies and consumers.

"During the campaign trump wouldn't shut up about how America's jobs were being stolen by China", Colbert said during "The Late Show" on CBS, leading into a series of clips in which Trump as a candidate railed against China.

Relations between the United States and China have become fractious in recent weeks. The U.S. accused ZTE of misleading American regulators after it settled charges of violating sanctions against North Korea and Iran.

Cargill Inc [CARG.UL] is concerned the White House's strategy to address unfair trade practices with China will not work and could lead to an escalating trade war, according to prepared comments the global grain merchant sent to U.S. Trade Representative Robert Lighthizer. Commerce Department has been instructed to get it done!

The Trade Representative on Tuesday will begin holding three days of public hearings on proposed US tariffs of $50 billion (£36.8 billion) on Chinese goods.

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Nawaz's statement will take us from 'grey list to black list': Qureshi
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USA agri-food giant Cargill has expressed fears about an escalating trade war between the U.S. and China. When a USA delegation led by Treasury Secretary Steve Mnuchin met with officials in Beijing last week, no deal was reached largely because China refused a demand to cut the trade deficit by $200 billion within the next two years.

"I think it could be adjusted", he said.

In the short term, USA farmers will be hurt the most by declining prices linked to China's tariffs on soybeans, Boughner Vorwerk said.

U.S. Ambassador to China Terry Branstad speaks at an event to celebrate the re-introduction of American beef imports to China in Beijing, China June 30, 2017. ZTE has asked the department to suspend the seven-year ban on doing business with US technology exporters.

This move is believed to not only affect ZTE, with its estimated 80,000 worldwide staff members, but other state-controlled Chinese companies like its three major carriers.

Trump is seeking to cut the chronic USA trade deficit by $100 billion and gain concessions over the policies that foreign companies say force them to share technology in order to gain market access.

On Monday, Commerce Secretary Wilbur Ross told reporters that the U.S. would consider alternatives to a supplier ban.



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