US official ‘optimistic’ about resolving trade dispute with China

Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Ind., Sept. 21, 2018. The U.S. is scheduled to slap tariffs on $200 billion in Chinese imports Monday, adding to the more than $50 billion worth that already face U.S. import taxes. China has vowed to counterpunch with tariffs on $60 billion in U.S. goods. (Photo courtesy of AP)

The United States is optimistic about finding a way forward in trade talks with China, but no date has yet been determined for further talks between the two countries, according to a senior White House official.

The official told reporters Friday at the White House that China “must come to the table in a meaningful way” for there to be progress on the trade dispute.

The official, speaking on condition of anonymity, said while there is no confirmed meeting between the United States and China, the two countries “remain in touch.”

“The president’s team is all on the same page as to what’s required from China,” according to the official.

The Trump administration has argued that tariffs on Chinese goods would force China to trade on more favorable terms with the United States.

It has demanded that China better protect American intellectual property, including ending the practice of cybertheft. The Trump administration has also called on China to allow U.S. companies greater access to Chinese markets and to cut its U.S. trade surplus.

Earlier this week, the United States ordered duties on another $200 billion of Chinese goods to go into effect on September 24. China responded by adding $60 billion of U.S. products to its import tariff list.

The United States already has imposed tariffs on $50 billion worth of Chinese goods, and China has retaliated on an equal amount of U.S. goods.

Earlier this month, President Donald Trump threatened even more tariffs on Chinese goods — another $267 billion worth of duties that would cover virtually all the goods China imports to the United States.

“That changes the equation,” he told reporters.

China has threatened to retaliate against any potential new tariffs. However, China’s imports from the United States are $200 billion a year less than American imports from China, so it would run out of room to match U.S. sanctions. Voice of America

Popular

Japanese firms keen on expanding, investing in PH

By Brian Campued Global technology companies continue to “place their confidence in the Filipino workforce,” the Presidential Communications Office (PCO) said Thursday, as Japanese companies...

PBBM not affected by survey numbers —Palace

By Brian Campued President Ferdinand R. Marcos Jr. will remain unfazed by fluctuating survey numbers and will continue to work to improve the lives of...

PBBM: Robust PH-Japan ties vital to Indo-Pacific stability, prosperity

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. on Wednesday emphasized the importance of stronger Philippine-Japan relations in maintaining stability...

First Couple receive Japan’s highest honors in State call with royal family

By Dean Aubrey Caratiquet After departing for Tokyo and meeting with the Filipino community late Tuesday, President Ferdinand R. Marcos Jr. and First Lady Louise...