Space Travel News  
TRADE WARS
China says in 'close' contact with US as tariff threat looms
by Staff Writers
Beijing (AFP) Dec 12, 2019

Beijing and Washington are keeping in "close" contact over a potential phase-one deal to resolve their trade war, China's commerce ministry said Thursday, days before another possible tariffs salvo.

Negotiators are still trying to hammer out a mini agreement, but tensions could escalate again if President Donald Trump goes through with a planned increase in import levies on Sunday.

Trump had earlier announced a 15 percent tariff increase on $156 billion of Chinese exports to the US, due to be imposed on December 15, and there has been no word from the White House on a possible delay to that date.

The removal of tariffs is a key demand of Beijing's in the talks.

"The negotiating teams are maintaining close communication with each other," China's commerce ministry spokesman Gao Feng said at a press briefing.

He declined to comment on how China would react if a fresh round of import duties was imposed.

But China has previously said it would reimpose a 25 percent tariff on US autos and a five percent tariff on auto parts, starting December 15.

Beijing had lifted those tariffs earlier this year as a goodwill measure while trade talks were underway.

China's state council tariff office in August had announced punitive tariffs of five to 10 percent on over 5,000 goods from the US worth over $75 billion, starting September 1 and December 15.

US-made mango juice, electric buses and chemical products face 10 percent duties from December 15 while smaller aircraft, hand pumps and bearings will be hit with five percent taxes, according to the list.

The new US tariffs would target Chinese goods that were not previously hit by US duties -- including about $12 billion worth of toys, cellphones, laptops and tablet computers.

"The reality is that those tariffs are still on the table," Trump's top economics adviser Larry Kudlow said on Tuesday, although he added that the US president had struck a "constructive and optimistic tone" on China.

The White House has said its tariffs are aimed at forcing China to change unfair trade practices, including subsidies and theft of intellectual property.

Trump has insisted that China should buy $40-$50 billion-worth of US agriculture products as part of the deal, which critics say is unfeasible.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
As Britain votes, EU leaders plot post-Brexit course
Brussels (AFP) Dec 10, 2019
Europe's new leaders will meet without their troublesome neighbour Britain this week, but Brexit will still loom over a summit otherwise dominated by wrangling over their climate and budget strategies. The new head of the European Council of national leaders Charles Michel, will host European Commission president Ursula von der Leyen and their 27 national counterparts on Thursday and Friday. The 28th seat at the table will be empty. Prime Minister Boris Johnson faces a general election battle on ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
TRADE WARS
Solving fossil mystery could aid quest for ancient life on Mars

Global storms on Mars launch dust towers into the sky

Glaciers as landscape sculptors - the mesas of Deuteronilus Mensae

NASA updates Mars 2020 Mission Environmental Review

TRADE WARS
China's lunar rover travels over 345 meters on moon's far side

India's Vikram lunar lander found in LRO images

NASA finds Indian Moon lander with help of amateur space enthusiast

NASA Shares Mid-Sized Robotic Lunar Lander Concept with Industry

TRADE WARS
Reports of Jupiter's Great Red Spot demise greatly exaggerated

Aquatic rover goes for a drive under the ice

NASA scientists confirm water vapor on Europa

NASA finds Neptune moons locked in 'Dance of Avoidance'

TRADE WARS
Meteorite-loving microorganism

Astronomers propose a novel method of finding atmospheres on rocky worlds

Animal embryos evolved before animals

Scientists sequence genome of devil worm, deepest-living animal

TRADE WARS
SpaceX Dragon heads to ISS with science payload and general cargo

Aerojet Rocketdyne completes tests of subscale OpFires propulsion system

Aerojet Rocketdyne Huntsville Site Set for Large Solid Rocket Motor Production

NASA will push exploration rocket test hardware beyond its limits

TRADE WARS
China launches satellite service platform

China plans to complete space station construction around 2022: expert

China conducts hovering and obstacle avoidance test in public for first Mars lander mission

Beijing eyes creating first Earth-Moon economic zone

TRADE WARS
NASA's OSIRIS-REx in the midst of site selection

TESS catches a natural comet outburst in unprecedented detail

Researcher calls on amateur astronomers to help with mission to prevent future asteroid impacts

Impact crater data analysis of Ryugu asteroid illuminates complicated geological history









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.