• Latest
  • Trending

US and China will not likely reach a trade deal this year, says former ambassador

August 11, 2019
Colorado Springs-based Veterans Trauma Court marks 10th anniversary

Colorado Springs-based Veterans Trauma Court marks 10th anniversary

December 3, 2019
Broncos QB shuffle a tired tune in Denver

Broncos QB shuffle a tired tune in Denver

December 3, 2019
Following Complaints, Denver To Spread Deicer On Residential Streets

Following Complaints, Denver To Spread Deicer On Residential Streets

December 3, 2019
Travelers navigate holiday crowds at Denver International Airport

Travelers navigate holiday crowds at Denver International Airport

December 2, 2019
Group Aims To Break Cycling World Record To Help ‘Make Cycling Safer’

Group Aims To Break Cycling World Record To Help ‘Make Cycling Safer’

December 2, 2019
Parker residents call out management for sidewalks still covered with ice and snow

Parker residents call out management for sidewalks still covered with ice and snow

December 2, 2019
Icy sidewalks, lack of enforcement create obstacles during snowy week for disabled community

Icy sidewalks, lack of enforcement create obstacles during snowy week for disabled community

December 1, 2019
Edmonton Oilers defenceman Kris Russell stitched up and ready for Canucks

Edmonton Oilers defenceman Kris Russell stitched up and ready for Canucks

December 1, 2019
Highway closure causes Idaho Springs businesses to miss out on Black Friday sales

Highway closure causes Idaho Springs businesses to miss out on Black Friday sales

December 1, 2019
Project After collects clothing for victims of sexual assault

Project After collects clothing for victims of sexual assault

November 30, 2019
Fog Forces Flight Delays And Cancellations At Denver Airport

Fog Forces Flight Delays And Cancellations At Denver Airport

November 30, 2019
U.S. Census hiking pay for those who help with the count

U.S. Census hiking pay for those who help with the count

November 30, 2019
Tuesday, December 10, 2019
The Denver Herald
No Result
View All Result
  • Regional News
    • Colorado
      • Denver News
    • Kansas
    • Nevada
    • Utah
  • US News
  • World
    • Africa
    • Asia
    • China
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russia
    • United Kingdom
  • National Security
    • Immigration
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Colorado Rockies
      • Kansas City Royals
    • NBA
      • Denver Nuggets
      • Utah Jazz
    • NFL
      • Denver Broncos
      • Kansas City Chiefs
    • NHL
      • Colorado Avalanche
    • Olympics
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Climate Change
    • Wildlife
  • Regional News
    • Colorado
      • Denver News
    • Kansas
    • Nevada
    • Utah
  • US News
  • World
    • Africa
    • Asia
    • China
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russia
    • United Kingdom
  • National Security
    • Immigration
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Colorado Rockies
      • Kansas City Royals
    • NBA
      • Denver Nuggets
      • Utah Jazz
    • NFL
      • Denver Broncos
      • Kansas City Chiefs
    • NHL
      • Colorado Avalanche
    • Olympics
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Climate Change
    • Wildlife
No Result
View All Result
The Denver Herald
No Result
View All Result

US and China will not likely reach a trade deal this year, says former ambassador

August 11, 2019
in Business, Economy, Featured, National Security, Politics, US News
0
Home
Post Views: 5

RelatedPosts

Biden nets congressional endorsement from an early state

Latin American Protesters Are Demanding New Economic Models

China summons US diplomat, vows to retaliate if Donald Trump signs Hong Kong democracy act into law

Two of the world’s biggest economies at risk of recession

China has replaced US as locomotive of global economy

 

The latest escalation in tensions between the U.S. and China has reduced the chances that both sides could reach a trade deal this year, a former American diplomat said on Monday.

Negotiations between Washington and Beijing appeared to be progressing well until U.S. President Donald Trump shocked markets in May by hiking tariffsfrom 10% to 25% on $200 billion of Chinese goods. Talks subsequently broke down and had resumed last week before Trump again threatened to slap 10% tariffs on $300 billion of Chinese goods starting Sept. 1.

” Read Also : Colorado soldier killed in Afghanistan remembered as family man ”

Trump’s latest actions are “a step away from a solution,” said Frank Lavin, U.S. ambassador to Singapore from 2001 to 2005. He added that it’s “unlikely” both sides would reach a deal by the end of this year.

“This tariffs war has gone on for over a year, so you see a deterioration in environment, a deterioration in trust and communication,” Lavin, who’s now chief executive at business consultancy Export Now, told CNBC’s “Street Signs.”

Export Now is a company founded by Lavin to help consumer brands expand in China

Since the trade war started last year, Washington has imposed 25% tariffs on $250 billion of U.S. imports from China. Beijing retaliated by slapping elevated levies on billions of dollars of American products that it buys.

In recent months, however, tensions between the two economic giants went beyond trade and into areas such as technology and security. In particular, the U.S. placed Huawei on a blacklist which made it more difficult for the Chinese tech giant to do business with American companies.

US presidential election

Despite Trump’s tariff threat, some analysts have predicted that the president still wants a deal with China — because that could help him win a second a term in the White House.

Many analysts have said a large part of Trump’s re-election chances hinge on the strength of the U.S. economy. An escalation in the U.S.-China trade dispute would derail the American economy, said Shane Oliver, head of investment strategy and chief economist at Australian investor AMP Capital.

“Recessions and rising unemployment have historically killed the re-election of sitting presidents (Hoover, Ford, Carter and Bush senior) and for this reason we remain of the view that a deal will ultimately be reached,” Oliver wrote in a Friday report.

” Read Also : USA Secure ODI Status for First Time ”

Still, trade tensions “could still get worse before it gets better, and the risks have gone up as China may be waiting till after the election,” he added.

Lavin said Trump’s rhetoric has made it hard for Beijing to agree to a deal without appearing like it’s on the losing end. “When he is publicly triumphant, when he publicly is chastising, publicly finger pointing, he’s not giving them space.”

Source :

CNBC

Tags: ChinaeconomyPoliticTradeUS

Related Posts

Colorado Springs-based Veterans Trauma Court marks 10th anniversary
Colorado

Colorado Springs-based Veterans Trauma Court marks 10th anniversary

December 3, 2019
Broncos QB shuffle a tired tune in Denver
Colorado

Broncos QB shuffle a tired tune in Denver

December 3, 2019
Following Complaints, Denver To Spread Deicer On Residential Streets
Climate Change

Following Complaints, Denver To Spread Deicer On Residential Streets

December 3, 2019
Travelers navigate holiday crowds at Denver International Airport
Colorado

Travelers navigate holiday crowds at Denver International Airport

December 2, 2019
Group Aims To Break Cycling World Record To Help ‘Make Cycling Safer’
Colorado

Group Aims To Break Cycling World Record To Help ‘Make Cycling Safer’

December 2, 2019
Next Post
China decision to halt US farm goods may prompt Trump to settle for less

China decision to halt US farm goods may prompt Trump to settle for less

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Translate

Popular Post

Colorado Springs-based Veterans Trauma Court marks 10th anniversary
Colorado

Colorado Springs-based Veterans Trauma Court marks 10th anniversary

December 3, 2019
0

  Colorado’s first Veterans Trauma Court is celebrating its 10th anniversary this month, catering to service members with trauma spectrum...

Read more
EU’s Dijsselbloem expects deal on Greek bailout next week: spokesman

EU’s Dijsselbloem expects deal on Greek bailout next week: spokesman

June 10, 2017
Northern Irish unionists to open talks with UK’s May about support

Northern Irish unionists to open talks with UK’s May about support

June 20, 2017
China seeks Russia’s help to ‘cool’ North Korea situation

China seeks Russia’s help to ‘cool’ North Korea situation

April 15, 2017
Army taps reservists with cyber skills to fight IS militants

Army taps reservists with cyber skills to fight IS militants

June 10, 2017
  • About Us
  • Creative Commons
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
  • Contact Us

Topics

Follow Us

About Us

Thedenverherald.com is part of The Denver Herald Media Group LLC, which delivers daily news around the globe.

© 2011 The Denver Herald

No Result
View All Result
  • Regional News
    • Colorado
      • Denver News
    • Kansas
    • Nevada
    • Utah
  • US News
  • World
    • Africa
    • Asia
    • China
    • Canada
    • Europe
    • Latin America
    • Middle East
    • Russia
    • United Kingdom
  • National Security
    • Immigration
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Colorado Rockies
      • Kansas City Royals
    • NBA
      • Denver Nuggets
      • Utah Jazz
    • NFL
      • Denver Broncos
      • Kansas City Chiefs
    • NHL
      • Colorado Avalanche
    • Olympics
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Food & Drink
    • Health
    • History
    • Movies & TV
    • Music
    • Privacy
    • Religion
    • Technology
    • Travel
    • Women & Children
  • Environment
    • Climate Change
    • Wildlife

© 2011 The Denver Herald