Sino-US Trade Talks to Be Held in China Next Week - Beijing

US manufacturers say Trump tariffs will bring higher prices, not more jobs

US manufacturers say Trump tariffs will bring higher prices, not more jobs

The US and China on Friday confirmed that they will hold discussions over future trade between the two nations next week, the first such talks since a tentative truce was reached at November's G20 summit in Argentina. A report in March by the U.S. Trade Representative accused China of hacking into U.S. companies' computer networks to steal secrets and coercing American companies to hand over technology as the price of admission to the Chinese market. Its one-sentence announcement gave no other details of the agenda or who else would take part.

For much of the past year, the trade war has disrupted the flow of hundreds of billions of dollars worth of goods and stoked fears of a global economic slowdown.

In a separate statement on Friday, USTR said the delegation will also include Under Secretaries from the US Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House. Hassett says that Apple and other USA companies operating in China, will see their business return in the country if the US can have a successful negotiation with China. But they reject pressure to scrap technology initiatives they see as a path to prosperity and global influence.

"I think we will make a deal with China", Trump told reporters at the White House after a meeting with Democratic and Republican lawmakers about the USA government shutdown. It was the fourth month of contraction, and it put annual sales in the world's biggest auto market on track to contract for the first time in three decades.

United States firms that rely on Chinese consumers have also been impacted by the country´s economic slowdown.

In the same year, late paramount leader, often credited with China's "Reform and Opening" policy which led to its economic transformation, met U.S. president in the United States.

John Kelly embarrasses Donald Trump in White House exit interview
The White House has dropped its request further to $2.5 billion, but Democrats are holding the line against funding the wall. Lindsey Graham (R-SC) met with the president Sunday to pitch a solution he says will appeal to both parties.

Wendy Cutler, a former USA trade negotiator, said the US likely can't realistically settle for anything less than an agreement by Beijing to reform how it does business.

The US and China's trade talks will attempt to end disputes between the two countries, which have been causing volatility in global financial markets.

US Trade Representative Robert Lighthizer is expected to meet Chinese Vice-Premier Liu He, President Xi's top economic adviser, later this month, a source said.

The U.S. duties are set to increase to 25 percent in January.

Apple's lowered revenue outlook along with a double-digit drop in earnings at commodities giant Cargill Inc on Thursday may be among the clearest warning signs yet that the trade war's effects have begun to hit USA companies.

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