It was
a confusion of ideas between him and one of the lions he was hunting in Kenya
that had caused A. B. Spottsworth to make the obituary column. He thought the
lion was dead, and the lion thought it wasn't
P. G.
Wodehouse.
Sunday morning, and as
reported by Xinhua, China says the trade war is off, and that China will buy
more stuff from America and the rest of the world.
But is it really true
that Trump’s trade war with China is off? As reported by Reuters Trump’s trade
war with China seems still to be on.
Eleven days to go
before Trump’s Great Global Trade War kicks off against China, NATO and NAFTA.
Is this any way to be running our ever more integrated global economy?
Chinese vice premier says China, U.S. agree not to engage in trade war
Source: Xinhua| 2018-05-20 06:06:34|Editor:
Mu Xuequan
WASHINGTON,
May 19 (Xinhua) -- Chinese President Xi Jinping's special envoy and Vice
Premier Liu He said here Saturday that China and the United States have reached
consensuses on economic and trade issues, pledging not to engage in a trade
war.
Liu arrived
in Washington on Tuesday afternoon for economic and trade consultations with
the U.S. side at the invitation of the U.S. government.
Liu, also a
member of the Political Bureau of the Communist Party of China Central
Committee and chief of the Chinese side of the China-U.S. comprehensive
economic dialogue, leads a delegation whose members come from major economic
sectors of the Chinese government.
He told
media in an interview on Saturday that the two sides agreed not to launch a
trade war and to stop slapping tariffs against each other, which are the most
remarkable fruits of the consultations.
Noting that
his visit to the United States is positive, pragmatic, constructive and
productive, Liu explained that the most important reason for the achievements
is the important consensus reached previously by Xi and his U.S. counterpart
Donald Trump, and the fundamental cause is the needs of the two peoples and the
whole world.
The two
sides will enhance their trade cooperation in such areas as energy, agriculture
products, health care, high-tech products and finance, Liu said.
Such
cooperation is a win-win choice as it can promote the high-quality development
of the Chinese economy, meet the people's needs, and contribute to the U.S.
effort to reduce its trade deficit, he added.
Meanwhile,
the two countries will also strengthen their cooperation in mutual investment
and intellectual property protection, Liu said, adding that it not only
benefits the two nations, but also helps support the stability and prosperity
of the global economy and trade.
He
underlined that China, with a large middle-income population, will become the
world's largest market.
The Chinese
market will be highly competitive, he said, adding that nations longing for the
market have to improve the competitiveness of their products and service, so as
to attract the Chinese people.
China is
ready to buy goods not only from the United States but also from around the
world, Liu said.
More
May 19, 2018 / 6:56 PM
China agrees to import more from U.S., no sign of $200 billion figure
WASHINGTON
(Reuters) - China has agreed to significantly increase its purchases of U.S.
goods and services, the two countries said on Saturday, but made no mention of
a $200 billion target the White House had touted earlier.
Beijing and
Washington agreed they would keep talking about measures under which China
would import more energy and agricultural commodities from the United States to
close the$335 billion annual U.S. goods and services trade deficit with China.
A joint
statement issued at the conclusion of intensive trade talks in Washington did
not indicate whether the two countries would delay or drop their tariff threats
on billions of dollars worth of each country’s goods, which has sparked fears
of a wider trade war and roiled financial markets.
“There was a
consensus on taking effective measures to substantially reduce the United
States’ trade deficit in goods with China,” the joint statement said.
“To meet the
growing consumption needs of the Chinese people and the need for high-quality
economic development, China will significantly increase purchases of United
States goods and services.”
President
Donald Trump has threatened to impose tariffs on up to $150 billion on Chinese
goods to combat what his administration says is Beijing’s misappropriation of
U.S. intellectual property through joint venture requirements and other
policies that force technology transfers.
Beijing
denies such coercion and has threatened equal retaliation, including tariffs on
some of its largest U.S. imports - among them aircraft, soybeans and autos.
A report by
China’s state-run Xinhua news agency described the statement from the two
governments as “vowing not to launch a trade war against each other.”
While the
statement said the two sides would engage at high levels and “seek to resolve
their economic and trade concerns in a proactive manner,” it made no mention of
tariffs.
More
The
quickest way of ending a war is to lose it.
George
Orwell.
The monthly Coppock Indicators finished April.
DJIA: 24,163 +255 Down. NASDAQ:
7,066 +282 Down. SP500: 2,648 +188 Down.
All
three slow indicators moved down in March and continued down in April. For some
a new bear signal, for others a take profits and get back to cash signal.
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