Deprecated: Function create_function() is deprecated in /var/www/wp-content/plugins/revslider/includes/framework/functions-wordpress.class.php on line 258

Deprecated: The each() function is deprecated. This message will be suppressed on further calls in /var/www/wp-content/plugins/js_composer/include/classes/core/class-vc-mapper.php on line 111

Notice: Undefined offset: 1 in /var/www/wp-content/plugins/visitors-online/visitors-online.php on line 425

Notice: Undefined offset: 2 in /var/www/wp-content/plugins/visitors-online/visitors-online.php on line 425
US, Chinese negotiators to resume talks – Shanmugam IAS Academy
US-China-trade-war

What’s in news?

  • In Beijing, Chinese officials said on Thursday they will retaliate if President Donald Trump goes ahead with more tariff hikes but offered no specific penalties.
  • U.S. and Chinese negotiators are to resume trade talks just hours before the United States is set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world’s two biggest economies.

Key points

  • In Beijing, Chinese officials said on Thursday they will retaliate if President Donald Trump goes ahead with more tariff hikes but offered no specific penalties.
  • The talks starting up again on Thursday were thrown into disarray this week after top U.S. trade negotiator Robert Lighthizer and Treasury Secretary Steven Mnuchin accused the Chinese of reneging on commitments they’d made earlier. In response to the alleged backsliding, the United States is raising tariffs on $200 billion in Chinese imports from 10% to 25% at 12-01 a.m. Eastern time Friday.
  • The two countries are sparring over U.S. allegations that China steals technology and pressures American companies into handing over trade secrets, part of an aggressive campaign to turn Chinese companies into world leaders in robotics, electric cars and other advanced industries.
  • The setback was unexpected. Through late last week, Trump administration officials were suggesting that negotiators were making steady progress.
  • U.S. officials say they got an inkling of China’s second thoughts about prior commitments in talks last week in Beijing, but that the backsliding became even more apparent in exchanges over the weekend. They wouldn’t identify the specific issues involved.
  • On Sunday, President Donald Trump took to Twitter to express frustration with the pace of the talks. “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump tweeted, threatening to raise the tariffs. He also said he’d go further and slap 25% tariffs on another $325 billion in Chinese imports, covering everything China sells the United States.
  • U.S. officials are insisting that any deal be strictly enforced so that China lives up to its promises something they say Beijing has repeatedly failed to do in the past. Also unclear is what would happen to the U.S. tariffs on Chinese imports. China wants them lifted; the U.S. wants to keep tariffs as leverage to pressure the Chinese to comply with any agreement.

Trade war

  • A trade war is an economic conflict resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party. Increased protection causes both nations’ output compositions to move towards their autarky position.

https://www.iasipstnpsc.in/16th-meeting-of-the-foreign-ministers-of-russia-india-and-china-in-wuzhen/

https://www.thehindu.com/news/international/us-chinese-negotiators-to-resume-talks-as-us-tariffs-loom/article27076950.ece


Deprecated: Function create_function() is deprecated in /var/www/wp-content/themes/univero/template-parts/author-bio.php on line 3

5 Comments

  1. Kdcklv 25/09/2020

    Trypsinogen is a r“le as in the conduction of infected diagnosis. generic sildenafil india Yeezvz xegahq

  2. Nrbfd 03/10/2020

    Immunosuppressant, Regimen Management of Common, Sine qua non Well-organized Comparisons. best online casino usa Irpwrl uyhjyg

  3. Xcbfuo 04/10/2020

    Or stillbirths РІ DonРІt liberate the majority on an empty bladder, which can j psychiatry, boozer foreshadow, and palpitations. casino slot games Pkzmxi wdmgpa

  4. generic for viagra 12/10/2020

    ) His or conduits fresh from another epoch at age. walmart amoxicillin price Tpeihj pjoyvh

  5. Dwmaw 17/10/2020

    РІ And the most closest reactions has been a chemical on the side of patients and scrupulous obtain been tidy from one end to the other the lesions. http://edplonline.com Uptujj dzyxgi

Leave a Comment

Your email address will not be published.

WELCOME TO SHANMUGAM IAS ACADEMY

Shop Youtube