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Hello Jammu News at 2:08:00 PM 0


WASHINGTON, May 11: US and Chinese officials are set to meet in Washington on Friday to discuss trade disputes between the world's two largest economies ahead of a pending visit by China's top economic official, a US Treasury official said.
The official described the meeting as a follow-up to last week's high-level trade talks in Beijing and in preparation for Chinese Vice Premier Liu He's visit to Washington. However, the official declined to provide details of the Friday meetings, or specify the precise timing of Liu's visit.
White House spokeswoman Sarah Sanders said on Monday Liu, Chinese President Xi Jinping's top-ranking economic adviser, would come to Washington next week "to continue discussions with the president's economic team."
Trade talks in Beijing last week, led by U.S. Treasury Secretary Steven Mnuchin and Liu, failed to produce any breakthroughs to stave off U.S. tariff threats on up to $150 billion worth of Chinese goods, and China's threats to retaliate in kind.
US officials presented a lengthy list of trade demands, including reducing China's trade surplus by $200 billion a year.
A source familiar with planning for the visit said a lower level delegation would likely head to Washington first and that might delay the Liu visit slightly.
US Commerce Secretary Wilbur Ross told CNBC the timing of the Liu's arrival was unclear and "there's a chance it's not next week."
Ross also told a CNBC-sponsored event he thought the Chinese officials at the Beijing meetings "agreed to the concept of a trade deficit reduction - the questions are how much and how do you get there?" REUTERS
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Hello Jammu News at 2:49:00 PM 0




BEIJING, May 2: Chinese President Xi Jinping's top economic adviser, Vice Premier Liu He, will meet a top-level U.S. trade delegation in Beijing this week, state media said on Wednesday, amid a festering dispute between the world's two largest economies.
U.S. President Donald Trump has threatened tariffs on up to $150 billion worth of Chinese goods to punish China over its joint-venture requirements and other policies the United States says force American companies to surrender their intellectual property to state-backed Chinese competitors.
China, which denies it coerces such technology transfers, has threatened retaliation in equal measure, including tariffs on U.S. soybeans and aircraft.
In a brief report, state media said China welcomed the delegation's trip to Beijing, set for Thursday and Friday, adding that Liu would meet its members to "exchange views" on issues of mutual concern about Sino-U.S. trade and business ties.
It did not elaborate.
The U.S. visitors include Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, White House trade and manufacturing adviser Peter Navarro and new White House economic adviser Larry Kudlow.
China says it is determined to open its economy further to the outside world, and has denounced what it calls U.S. protectionism.
The talks needed some give-and-take, the official China Daily said in a Wednesday editorial.
"The time when China could be forced to open its doors is long past, and Beijing is not opening them wider now simply to appease others," it said.
"If the U.S. delegation comes to China believing Beijing's resolve to open wider to the outside world is a matter of expediency under pressure from Washington, it will likely mean a lot of time is wasted setting the record straight."
Lighthizer said on Tuesday he was not looking to negotiate changes to China's state-driven economic system in the talks, but would seek to expose it to more foreign competition.
Lighthizer told the U.S. Chamber of Commerce he viewed the talks as the start of a long learning process for Washington and Beijing to better manage their trade differences.
Earlier on Tuesday, Ross said Trump was prepared to levy tariffs on China if the delegation did not reach a negotiated settlement to reduce trade imbalances.
Speaking to CNBC television before travelling to China, Ross said he had "some hope" agreements could be reached to resolve the trade tensions between the two sides.
But Ross and Navarro, who spoke to steel company executives in Washington on Tuesday, both said any final decision would be made by U.S. President Donald Trump.
Lighthizer downplayed the potential imposition of tariffs on China in his remarks to the most powerful U.S. business lobby, which has opposed tariffs to try to force changes in China's trade practices.
The so-called Section 301 investigation tariffs could be imposed sometime in June after the conclusion of a public comment process. REUTERS
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Hello Jammu News at 4:14:00 PM 0


Tokyo, Mar 29: Japan wants its own bilateral summit with Pyongyang to ensure that any potential peace deal will serve Tokyo's security concerns, experts have said, according to a CNBC report. Japanese Prime Minister Shinzo Abe is worried about being sidelined at a proposed meeting between President Donald Trump and North Korean leader Kim Jong Un.
Warming up to Tokyo could help Kim disrupt American efforts to maximize pressure on his administration.
Japanese Prime Minister Shinzo Abe's government, worried about being sidelined at a proposed meeting between President Donald Trump and North Korean leader Kim Jong Un, wants its own talks with the rogue state. That could ultimately be beneficial for Pyongyang.
Tokyo has expressed a desire to meet with North Korea, the Asahi newspaper reported on Thursday. The conversation could take place in June, after May's anticipated sit-down between Kim and Trump.
Abe is likely proposing this summit because he doesn't want Trump and Kim to reach a deal that doesn't suit Japan's security concerns, according to experts.
Tokyo has made efforts to reach out to Pyongyang ever since it got wind that Trump accepted Kim's invitation to meet, said Lisa Collins, fellow with the Korea Chair at the Center for Strategic and International Studies: "They don't want to be left out of any sort of deal that would be made, and they're very anxious to get their foot in the door."
Tokyo has long demanded complete denuclearisation from the pariah state, but that might not be on the table at the Trump-Kim summit.
Abe also wants to ensure a safe return for the kidnapped Japanese citizens, who may still be alive, Nagy continued.
Japan's foreign minister said this week that Tokyo and Washington were "completely in sync" on North Korea. But many have said Abe feels slighted by the fact that Trump, who has flaunted his close relationship with the Japanese leader, didn't give him a heads-up on the Kim meeting.
Tokyo's fear of being left out of critical decisions that affect it is known as "Japan passing," said Sean King, senior vice president at New York-based consulting firm Park Strategies. The term comes from "Korea passing" as South Koreans faced the same worry on Trump and Kim, he added. UNI
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Hello Jammu News at 1:02:00 PM 0



Washington, Mar 26: Former US Secretary of Defense William Cohen has said he was skeptical about a planned meeting between President Donald Trump and North Korean leader Kim Jong Un, according to a CNBC report on Monday.
He said he had reservations about whether North Korea would actually get rid of all its nuclear weapons.
The positions of John Bolton, Trump's pick to replace HR McMaster as national security adviser, were some cause for concern, Cohen added.
There are good reasons to be skeptical about a bilateral meeting that's supposed to take place between the US and North Korea, Cohen said.
US President Donald Trump made the surprise decision earlier this month to accept an invitation to meet with North Korean leader Kim Jong Un by May, although specific details of that meeting have yet to be announced.
Cohen, who led the Defence Department under the Bill Clinton White House, maintained that he had reservations about the North Korea talks based on his personal experience.
"In my own experience in dealing with the North Koreans, there's never been a discussion that they will denuclearise ... I don't believe that they're committed to doing that now," Cohen, currently the chairman and CEO of consultancy The Cohen Group, said Sunday at the China Development Forum in Beijing.
While North Korea appeared willing to sit down with the US to talk, according to Cohen, it was worth noting that the hermit nation had also never complied with prior agreements.
"I'm skeptical that they would really get rid of all their nuclear weapons," he said.
Cohen last year warned that North Korea was the "most dangerous issue" facing the world, a claim he said was still true today.
Other analysts and experts have cautioned that it was important to manage expectations around the meeting. Following the Trump administration's "maximum pressure" policy on North Korea, the agreement to meet with Kim could potentially erode the effectiveness of sanctions, some indicated.
Another factor in the mix has been Trump's pick to replace HR McMaster as national security adviser: John Bolton, a former US ambassador to the United Nations. Bolton, who is regarded as a foreign policy super-hawk, had previously argued for preemptive strikes against North Korea.
Although it's too early to tell how Bolton will influence policy, Cohen highlighted that rhetoric was an important consideration going forward.
"I think there's reason for concern, in terms of Mr Bolton, in terms of his positions, because he is much more aggressive in terms of the use of force ... So I think we have to be careful of our language, that the rhetoric doesn't get ahead of the policy," Cohen said. UNI
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