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Trade war China talks with US in October


Despite a new mutual survey China announced Thursday that the United States had agreed to maintain dialogue with the United States, planned "in early October," when the trade war would begin to severely affect their economy.

Although bilateral negotiations should have been held in September on an unspecified date and the mere fact which maintaining contact was enough to reassure the market.


Despite a month of negotiations, Asian stock markets wanted to see the glass half full. The Chinese Trade Ministry said on Thursday that China's chief negotiator, Liu Hei, had met with US Trade Representative Robert Lightizer and Treasury Secretary Steven Mnuchin.

The exchange took place five days after the entry into force of a new mutual customs surcharge. The United States will now impose punitive tariffs on virtually all Chinese trade in mid-December.

China increased US $ 75 billion in product tariffs


Beijing also announced this week that they have complained to the World Trade Organization (WTO) in response to a new U.S sanctions.

Donald Trump threatens a more stringent trade war if Beijing is re elected. The US president predicts job hemorrhaging in China is not taking into account the US industrialists suffering from his protectionist policies.

Economists at the Washington based think tank Peterson Institute for International Economics questioned the White House's rent claims.

They said in a report that manufacturing employment in China was "slower than last year, but 20-35in before the imposition of tariffs."

The destruction of jobs directly attributed to the trade war seems to be minimal. Trade disputes between Beijing and Washington, which began last year are now threatening the growth of the world's largest economy.

George Xu of Moody's rating agency says the gradual but steady rise of trade disputes between China and the United States is already hurting economic activity "says George Xu of Moody's rating agency.

Several companies have already corrected the downward trend in recent days, predicting China's growth for the next year to be less than %% 25% against 28.6% in 2018. It will almost certainly be its slowest 30 years.

According to an official index in the wake of weak domestic demand, production in China continued to slow down in the fourth month in August.

 Support plan

Symptoms of pressure on its economy, Beijing on Wednesday announced new stimulus that "while China is under economic pressure" following a meeting chaired by Prime Minister Lee Kekiang, the state-owned news agency China is new.

In order to facilitate small and medium-sized enterprises, the government has called for the central bank to reduce its reserve requirement ratio, which is the most dynamic in employment but is out of proportion to the larger population. Not very profitable.

On the other side of the Pacific Ocean, several hundred American companies and business groups told the Trump administration last month about the fear of US jobs in new surcharges on Chinese products.

Due to uncertainties related to trade tensions, production activity in the U.S. was contracted for the first time in three years in August.



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