• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      20 hrs

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      21 hrs

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      21 hrs

      Finance

      Global Equities: Positive sentiment buoys global markets’ performance on vaccine rollout, Biden confirmation

      January 13, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      20 hrs

      Commodities

      Metals make sluggish gains on LME, SHFE, as investors anticipate US stimulus

      20 hrs

      WORLD BUSINESS & ECONOMY

      Smart home market profits to reach $176bn in 2025, rising by 127%  

      21 hrs

      Technology

      Zoom to float $1.5bn in fresh capital issue, approaches SEC

      21 hrs

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      20 hrs

      Companies

      Ardova enters acquisition talks with Enyo as part of expansion drive  

      20 hrs

      Oil and Gas

      NNPC reaffirms commitment to OPEC+ agreement   

      21 hrs

      Imo

      FIRST E&P faces CSR headwinds in Bayelsacommunities, ahead OMLs 83, 85 production start

      21 hrs

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

      Analyst Insight

      Stocks set for more record highs

      January 11, 2021

      Analyst Insight

      2021: Time for Nigeria to move into higher gear?

      January 11, 2021

      Analyst Insight

      The trouble with commissions

      January 5, 2021

WORLD BUSINESS & ECONOMY

Top-level U.S.-China trade talks resume as irritants sour atmosphere

October 10, 2019447 views0 comments

The United States’ and China’s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world’s two largest economies threatened hopes for progress.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will seek to narrow differences enough to avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods.

But the atmosphere surrounding the talks was soured by the U.S. Commerce Department’s decision on Monday to blacklist 28 Chinese public security bureaus, technology and surveillance firms, citing human rights violations of Muslim minority groups in China’s Xinjiang province. A day later, the U.S. State Department imposed visa restrictions on Chinese officials related to the Xinjiang issue.

Read Also:

  • Ardova enters acquisition talks with Enyo as part of expansion drive  
  • International Trade: Year in Review 2020

If negotiations break down again, by Dec. 15, nearly all Chinese goods imports into the United States — more than $500 billion — could be subject to punitive tariffs in the dispute that erupted during U.S. President Donald Trump’s time in office.

Commerce Secretary Wilbur Ross said in Sydney on Thursday that the tariffs were working, forcing Beijing to pay attention to U.S. concerns about its trade practices.

“We do not love tariffs, in fact we would prefer not to use them, but after years of discussions and no action, tariffs are finally forcing China to pay attention to our concerns,” Ross said in remarks prepared for delivery on an official visit to Australia.

Although some media reports suggested both sides are considering an “interim” deal that would suspend planned further U.S. tariffs in exchange for additional purchases of American farm products, Trump has repeatedly dismissed this idea, insisting that he wants a “big deal” with Beijing that addresses core intellectual property issues.

Speaking to reporters in Washington on Wednesday, Trump said: “If we can make a deal, we’re going to make a deal, there’s a really good chance.”

“In my opinion China wants to make a deal more than I do,” Trump added.

The two sides have been at loggerheads over U.S. demands that China improve protections of American intellectual

Share on Facebook Tweet Email
PreviousWorld Bank: Low, middle income countries’ debts hit $7.8tr
NextGraft: Sell forfeited assets, put money realised in TSA, Buhari tells committee

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Nigeria’s railway e-ticketing platform launch set for next week
  • Stringent regulations, business environment forced Stanbic IBTC out of BDC business
  • Copper faces downturn in H2 of 2021, analysts predict
  • NNPC moves to rehabilitate downstream infrastructure, openscontract bids
  • Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Legislators to tackle RoW hike after recess

Frontpage January 8, 2020

1
2

Nigeria’s domestic investors fail to lift market for 9th consecutive trade as FPIs dump stakes

Frontpage May 30, 2018

3

Nigeria E&M revenues rose 25% to $3.8bn as PwC puts Africa’s entertainment, media industry in dynamic convergence wave

Frontpage September 19, 2018

4

Zenith Bank, GTB, MTN help Nigeria bourse put stopper on bearish run

Frontpage September 10, 2020

5

World’s richest become $1trn richer in 2017

Frontpage December 27, 2017

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.