Wednesday, 29 June 2022

 

 

LATEST NEWS Taliban-style murder rocks Udaipur, Chief Minister Ashok Gehlot appeals for peace Evidence of life on Mars may be over 6 feet deep : NASA Sidhu Moosewala murder : Special Cell arrests Lawrence Bishnoi aide in fresh case Himachal gets second state university in 52 years Biopic On Late Prime Minister Atal Bihari Vajpayee Announced, Planned To Release On Christmas 2023 Meta, Ministry of Tribal Affairs to digitally skill 10 lakh tribal youth Mukesh Ambani steps down from Reliance Jio, son Akash Ambani named Chairman Nagaland has potential of becoming organic hub of the country : Narendra Singh Tomar Punjab Assembly to bring resolution against Agnipath scheme Nushrratt Bharuccha’s Janhit Mein Jaari Remake In Punjabi? The Makers Announced It's Sequel Too No River Pollution To Be Allowed In Proposed Textile Park At Koom Kalan : Bhagwant Mann Sidhu Moosewala Becomes 3rd Most Searched Asians On Google In 2022. Complete List Inside Urvashi Rautela chuffed to be compared with the evergreen Rekha Sena 'family head' Uddhav Thackeray softens, urges rebels to return for talks Aamir Khan meets 'RRR' star Ram Charan at his Hyderabad home Mamata Banerjee alleges indirect pressure to give Agniveers jobs after 4 years Jos Buttler should be white-ball skipper and Test opener : Michael Vaughan Amruta Subhash-starrer web series 'Saas Bahu Aachar Pvt Ltd' releases on July 8 Randeep Hooda keeps his promise, performs last rites of Sarabjit Singh's sister Dalbir Kaur Chief Minister Jai Ram Thakur dedicates Sardar Patel University Mandi No river pollution will be allowed in proposed textile parks : Bhagwant Mann

 

Trade talks 'back on track' as Donald Trump, Xi Jinping agree to resume negotiations

5 Dariya News

Osaka , 29 Jun 2019

US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday agreed to resume trade negotiations in an effort to end an ongoing impasse between the two economic giants.Speaking to the media after his highly-anticipated meeting with Xi on the sidelines of the ongoing G20 Summit here, Trump said: "We had a very good meeting with President Xi of China. Excellent, I would say excellent. As good as it was going to be. "We discussed a lot of things and we're right back on track and we'll see what happens."Trump however, did not give any other details, saying that an official statement would be released by the two sides later in the day.According to Xinhua news agency, the US agreed to not impose new tariffs on imports from China and the two sides agreed to discuss "specific issues" to end the turbulent trade war going on between the two countries since last year. Trump and Xi agreed to carry out the consultations "on the basis of equality and mutual respect", a condition put forward by Xi for reaching a deal in earlier trade negotiations, Xinhua added.Xi said that despite changes that have taken place internationally and between China-US relations over the past 40 years, "one basic fact remains unchanged: China and the United States both benefit from cooperation and lose in confrontation".

"Cooperation and dialog are better than friction and confrontation," Xi said at the start of the meeting, adding that he wanted to maintain frequent contact with the US president to boost stable bilateral relations. The meeting showed both leaders' apparent willingness to restart discussions after the breakdown in negotiations in May and the subsequent exchange of tariff increases. The truce suggests that the two sides will not impose fresh measures to worsen the situation, but it remains to be seen whether they are really ready to make concessions to reach a final deal. There has been no agreement yet on key issues such as the difficulties US companies face in accessing the Chinese market, or once there, the handicaps they face against state enterprises, subsidized by Beijing. Common ground has also been missing on intellectual property rights, the forced transfer of technology or cyber-security - topics that the two sides are expected to discuss in the coming months. The Washington-Beijing tensions have their origins in the large US trade deficit with China, as the latter exports products worth $419 billion more than it imports from its biggest trading partner, the US. The last chapter of escalation in the conflict unfolded in May when the US raised tariffs to 25 per cent on Chinese imports worth $200 billion, to which Beijing responded by raising tariffs on US products worth $60 billion.

 

Tags: Donald Trump , Xi Jinping

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD