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More Details from the Recent US-China Trade Negotiation


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#1 redfoliage2

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Posted 07 May 2018 - 08:03 AM

https://www.nytimes....rade-talks.html

 

From the NY Times report:

 

"Here are the highlights of the demands:

 

China must …

■ Cut its trade surplus by $100 billion in the 12 months starting in June, and by another $100 billion in the following 12 months.

■ Halt all subsidies to advanced manufacturing industries in its so-called Made In China 2025 program. The program covers 10 sectors, including aircraft manufacturing, electric cars, robotics, computer microchips and artificial intelligence.

■ Accept that the United States may restrict imports from the industries under Made in China 2025.

■ Take “immediate, verifiable steps” to halt cyberespionage into commercial networks in the United States.

■ Strengthen intellectual property protections.

■ Accept United States restrictions on Chinese investments in sensitive technologies without retaliating.

■ Cut its tariffs, which currently average 10 percent, to the same level as in the United States, where they average 3.5 percent for all “noncritical sectors.”

■ Open up its services and agricultural sectors to full American competition.

The United States also stipulated that the two sides should meet every quarter to review progress."


Edited by redfoliage2, 07 May 2018 - 08:07 AM.


#2 redfoliage2

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Posted 07 May 2018 - 10:44 AM

Rumors from inside China say most of the terms won't be acceptable, though Chinese gov. had a gag order for the media on the matter.


Edited by redfoliage2, 07 May 2018 - 10:46 AM.


#3 redfoliage2

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Posted 07 May 2018 - 02:26 PM

With the trade issues between US and China remaining unresolved the best the market can do is to remain in the wedge...........