As US growth slows, Trump could become even more unpredictable

09 January, 2019, 11:58 | Author: Gerard Cortez
  • The USS Decatur sailing through the South China Sea in 2016

The world's two biggest economies will continue trade talks in Beijing for an unscheduled third day on Wednesday, US officials said, amid signs of progress on issues including purchases of US farm and energy commodities and increased US access to China's markets.

China lodged a "stern" diplomatic protest with the U.S. on Monday after its guided-missile destroyer sailed near disputed islands in the South China Sea, asserting that America should stop such "provocative" action and create an enabling environment for successful negotiations on the ongoing trade dispute.

The discussions are the first face-to-face interactions between the USA and China since both presidents met in Argentina and agreed to a temporary truce in their tit-for-tat tariff war.

The United States has long complained about access to the vast Chinese market and Beijing's demands USA companies reveal their technology advances.

Leaked photographs posted on the South China Morning Post's website showed U.S. officials applauding Liu's appearance, including the U.S. delegation leader, Deputy U.S. Trade Representative Jeffrey Gerrish.

Ross said the talks are at an "appropriate level" and the US delegation is large because of the number of issues to be addressed.

China's Foreign Ministry Spokesperson, Lu Kang, addressed the encounter during a press briefing later on Monday, stating that Beijing had "lodged stern representations" with Washington. Beijing has retaliated in turn to U.S. tariffs.

The operation came as Chinese and USA officials kicked off talks in Beijing to find a solution to a bitter trade war that prompted the two sides to impose tariffs past year on more than $300 billion in total two-way trade.

The talks are taking longer than expected as the Chinese commerce ministry had said last week that the meetings would take place on Monday and Tuesday.

Netflix just revealed how many accounts watched 'Bird Box' and it's wild
Directors Christopher Nolan and Quentin Tarantino have expressed similar opinions . But the company has not released its box-office gross for the movie.

Optimistic investors are placing their bets on the stock market once again, boosted by the United States' and China's latest attempt to resolve their trade war.

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods previous year and threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property and hacking.

But a USA government official told AFP on condition of anonymity that "the trade talks have continued today (Wednesday)", without providing more information.

Even so, Lu said, "China's development has ample tenacity and huge potential".

An official Chinese newspaper warned Washington not to demand too much from Beijing as talks on ending their tariff war entered a second day Tuesday with no word on possible progress. "We have firm confidence in the strong long-term fundamentals of the Chinese economy".

The incident could have caused a collision, USA officials said at a time.

The White House is making sure this go-around is different.

U.S. Commerce Secretary Wilbur Ross, left, shakes hands with Chinese Vice Premier Liu He as they pose for photographers after their meeting at the Diaoyutai State Guesthouse in Beijing, June 3, 2018.

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