breaking news

Springfield woman killed in murder-suicide receives honorary Wright State degree at graduation

China promises prompt action on US trade pact


China's government said Thursday it will promptly carry out a tariff cease-fire with Washington and is confident they can reach a trade agreement, suggesting Beijing wants to avoid disruptions due to the arrest of a tech executive.

Talks during the 90 day period during which President Donald Trump has agreed to suspend U.S. tariff hikes will start by focusing on farm goods, energy and automobiles, said a Ministry of Commerce spokesman, Gao Feng.

Asked to confirm whether Beijing promised to buy American goods immediately, Gao said China will "immediately implement the consensus reached by the two sides on farm products, cars and energy." He said nothing about purchases.

That optimistic tone contrasted with Chinese criticism of Canada's arrest of an executive of technology giant Huawei who a Toronto newspaper said is accused by the United States of trying to violate trade curbs on Iran. That suggested President Xi Jinping's government sees the trade negotiations as too important to disrupt.

President Donald Trump agreed Saturday to postpone U.S. tariff hikes in a fight over Beijing's technology policy by 90 days while the two sides negotiate.

China has promised to act quickly but failed to release details. That caused global stock markets to sink Tuesday after Trump revived threats of tariff hikes, though share prices rebounded following positive Chinese statements on Wednesday.

The two sides also will discuss intellectual property protection, technical cooperation, market access and their trade balance, Gao said. He said they have a "clear timetable and roadmap."

"China is full of confidence in reaching an agreement within the next 90 days," the spokesman said.

Asked about Trump's statement that Beijing would cancel tariff hikes on U.S.-made autos, Gao referred reporters to the Cabinet's tax commission.

Trade experts have said 90 days is scant time for resolving sprawling conflicts over technology, state industries and other issues that have bedeviled U.S.-Chinese relations for years. They say that suggests China will need to find issues on which it can show progress to persuade Trump to extend his deadline.

___

Chinese Ministry of Commerce (in Chinese): www.mofcom.gov.cn


Reader Comments


Next Up in Nation World

At least 4 officers injured during NJ SantaCon
At least 4 officers injured during NJ SantaCon

Eight people have been arrested and at least four police officers required medical attention after the SantaCon pub crawl kicked off in Hoboken, New Jersey on Saturday. Hoboken Police Chief Ken Ferrante began live tweeting Saturday, reporting each arrest, including those accused of aggravated assault on police officers: Two other police officers...
Springfield woman killed in murder-suicide receives honorary Wright State degree at graduation
Springfield woman killed in murder-suicide receives honorary Wright State degree at graduation

Wright State University awarded nearly 17,000 degrees and certificates at its fall commencement Saturday. The graduation included over 1,000 bachelor’s degrees, students from 54 Ohio counties and 28 states, and 221 international students from 24 countries. One diploma was given to the family of a student who couldn’t attend because she...
Megachurch pastor defends $200K Lamborghini purchase for wife
Megachurch pastor defends $200K Lamborghini purchase for wife

Saying he is not a “pulpit pimp” or “prosperity preacher,” Pastor John Gray defiantly and emotionally defended a $200,000 Lamborghini he purchased as an anniversary gift to his wife in a 23-minute video posted on social media. >> Read more trending news  Gray, who leads Relentless Church and is an associate pastor...
Lonely veteran flooded with Christmas cards after pizza shop’s social post
Lonely veteran flooded with Christmas cards after pizza shop’s social post

Glenn Tesnow has checked his mailbox twice daily the last few weeks, hoping for Christmas cards.  Each day, the 97-year-old has found none. >> Read more trending news  That is, until the staff at Sloopy’s shared his story Thursday on social media, hoping to bring some holiday cheer to the World War II veteran.  &ldquo...
Good Samaritan intervenes, prevents child abduction
Good Samaritan intervenes, prevents child abduction

A good Samaritan intervened and stopped an abduction, holding the suspect until police arrived, investigators said. >> Read more trending news  Relyn Estrada, 40, drove beside an 11-year-old girl who was walking to school around 7:50 a.m., offered her a ride and, when she refused, he tried to force her into his car, WABC reported. He...
More Stories