Why slowing economies could prod United States and China to reach deal

Why slowing economies could prod United States and China to reach deal

Why slowing economies could prod United States and China to reach deal

"Whereas China has been benefiting from strong import demand in most of its other trading partners except for the USA (and Germany, due to cars), the U.S. has not". "President Xi is very much involved, so am I. We're dealing at the highest levels and we're doing very well", he said. -China trade war, investors in the USA markets are worrying about rising interest rates and a wobbly US real estate market.

Trump and Xi agreed to a three-month cease fire after imposing steep tariffs on hundreds of billions of dollars in two-way trade, which has raised fears of slowing economic growth and added to investor jitters worldwide.

China, the world's second largest economy, likely expanded at more than 6 percent last year, reflecting a slowdown from years past and, in recent months, its most tepid rate since the depths of the global financial crisis a decade ago.

Apple, a global technology darling loved for its sleek gadgets, on Wednesday warned of disappointing quarterly revenues because of poor sales in China. The shares closed at US$148.26 on Friday, down about 5.1 percent for the week.

Chinese economic growth fell to a post-global crisis of 6.5 percent in the quarter ending in September.

"They're going to be fine".

Trump said he has urged Apple chief Tim Cook to "make your product in the United States" rather than China.

Another 33 percent of companies said they plan to move out of China in the next six to 12 months, according to the UBS report. "Another is that, according to USA customs data, it is not just the United States products that China imposed its retaliatory tariffs on that have seen weakening export growth to China, but U.S. exports to China have seen some softening across the board". "And that'll take place".

The presidents of China and the U.S. have exchanged messages vowing to boost cooperation despite a bruising trade war on the 40th anniversary of the countries' diplomatic relations, Chinese state media reported.

China's commerce ministry said in a statement that a working team led by Deputy US Trade Representative Jeffery Gerrish will come to China to have "positive and constructive discussions" with Chinese counterparts. The trade war is now in a temporary truce, but should that change the economic fallout threatens to hobble global economic growth. The talks begin on Monday.

In a separate statement on Friday, USTR said the delegation will also include Under Secretaries from the US Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House.

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