More uncertainty as Trump questions China trade deal future

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Trump's statement comes amid the negotiations between the world's two largest economies after potential tariffs on both sides raised fears of a trade war, even as some tensions have eased over signs of some possible progress.

Trump wrote on Twitter that the bilateral talks were "moving along nicely...in the end we will probably have to use a different structure in that this will be too hard to get done and verify results after completion". The administration says China has agreed to a framework of a deal that includes increased sales of United States farm products to China by 35 to 40 percent.

However, US President Donald Trump's fixation with balance of trade figures, which led him in March to announce steel and aluminium tariffs that in effect hurt Europe more than China, has alienated European leaders.

After high-level talks last week in Washington, Beijing agreed in a joint statement with the U.S.to "substantially reduce" America's trade deficit with China. Katainen said any imposition of higher vehicle tariffs were still far off and said "we don't expect this to further complicate the solution" to the overall trade issues between Washington and Brussels.

"China's annual gas production will more than double to 340 billion cubic meters (BCM) in 2040, with shale gas a major contributor, but consumption is foreseen to grow even faster, reaching 600 billion cubic meters", the agency said. But after Mr. Kim made not one, but two surprise visits to China in a short span of 40 days, his attitude hardened. But in a surprise move, United States president Donald Trump tweeted that he plans to intervene to get ZTE back in business due in part to the large number of Chinese jobs on the line.

In fact, his unpredictable policy moves and temperament are offering openings to China that could help it fulfill its mission of cementing its rise to superpower status more quickly than expected.


"There is evidence suggesting that, for decades, imports from overseas have eroded our domestic auto industry", Ross said.

The EU's insistence on playing by WTO rules stands in stark contrast to the USA, which under Trump has not shied away from taking matters in its own hands.

President Trump said Monday that his hard-nosed trade negotiations won some concessions from China and not the trade war his critics had predicted, scoring what he crowed was another victory for his "American First" agenda.

According to a New York Times report published on Monday, the strained relationship between the treasury secretary, Steven Mnuchin, and the National Trade Council director, Peter Navarro, devolved into a shouting match in front of Chinese officials on a trip to Beijing earlier this month. Responding to a reporter's question about the U.S. "We're looking at the possibility of things turning around here".

"A lot of the stories on trade were incorrectly written".

"The market is pricing in a 90 percent chance that this whole trade war and tariff idea is going to come and go without it being implemented", said James Cordier, president and head trader of OptionSellers.com, an investment firm in Tampa, Florida. And Brazilian soybeans last week were quoted at prices below US cargoes.


"The U.S. auto industry is thriving and growing".

Regardless, Heisdorffer said China shouldn't wait until the fall season to buy more American soybeans and should act sooner with a significant order as a gesture toward resolving trade differences.

The easiest way for Beijing to do this would be to ask its state-owned enterprises (SOEs) to achieve the target of buying more from the U.S., which in turn could severely affect the European aircraft industry, among other sectors, she said.

In a separate statement released by the White House, Trump said he had "instructed" Ross to "consider" kicking off the probe.

At the same time, the United States exported almost 2 million vehicles worldwide worth $57 billion. Brussels has also ruled out voluntary export restraints where European steel makers would limit exports to America but receive higher prices in exchange for the USA removing its tariff threats.

Trump frequently gushes over the lavish welcome he received during his state visit to China a year ago.


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