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China-Japan-Koreas
China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline
2019-08-26
[FoxNews] China signaled on Monday it was now seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

Trump said Monday that officials from China called U.S. officials and expressed interest to "get back to the table," The Wall Street Journal reported. He called the discussions a "very positive development."

"They want to make a deal. That's a great thing," he said.

News of the possible opening in negotiations came shortly after President Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China. Trump's tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods.

At the Group of Seven summit in France on Sunday, White House officials rejected suggestions the president was wavering and insisted that his only regret was not implementing even more tariffs on China. Trump wrote on Twitter that world leaders at the G-7 were "laughing" at all the inaccurate media coverage of the gathering.

In response, Chinese Vice Premier Liu He told a state-controlled newspaper on Monday that "China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict," Reuters first reported, citing a transcript of his remarks provided by the Chinese government. Liu is China's top trade negotiator.
China knows it is in trouble. The only problem with a new trade deal, is that they will break it fast as they can.

Fuck China. Let it collapse and break apart.
Posted by:DarthVader

#12  the faster they rise...
apologies to Jimmy Cliff
Posted by: Lex   2019-08-26 21:48  

#11  And the baby formula thing was a fake Abbott Labs.
Posted by: Dron66046   2019-08-26 21:11  

#10  I understand they executed that guy.
Posted by: gorb   2019-08-26 20:27  

#9  i would rather the R&D be up too the US codes than the chinese. Remeber the baby formula that was killing infants a few years back?
Posted by: chris   2019-08-26 14:43  

#8  Sooner or Later Abott Labs will wake up and find they have a sound alike named competitor, say Abatt labs.
Posted by: Flesing Wittlesbach3140   2019-08-26 12:20  

#7  actually several American companies own and operate biz in China

this is not necessarily good and not necessarily bad

for example there is Abbott Lab

they employ a lot of people to make nutritional products that are sold to wholesalers in China, people are employed, the company makes a profit

they also employ a lot of people in R&D which could be done in a lot of places but China has some advantages for them, for example, lower salaries, for another, the initial testing of products may be done without compliance with US regulations -- true they will have to do the compliance eventually to sell in the US but the initial testing will eliminate candidates quicker than they would if the R&D was done in the US. They do have to pay various type of legal or quasi legal bribes (sometime disguised as no work consultant fees to the relatives of govt officials)

it is complicated
Posted by: lord garth   2019-08-26 12:08  

#6  Why is that China can own business and factories in the USA, while Americans cannot own business or factories in China?
Posted by: Seeking Cure For Ignorance   2019-08-26 10:57  

#5  US Equity markets up strongly this morning on this news.

As implied by DarthV, if a deal is made, there is going to have to be a lot of close monitoring after the deal, back in 2017 I was pretty sure the Trump Admin wouldn't know how to do this. By now, I think they should have the capability and the incentive to do the monitoring.
Posted by: lord garth   2019-08-26 10:48  

#4  Blame/credit the armyworms.
Posted by: Victor Emmanuel Johnson5472   2019-08-26 10:11  

#3  I love the bit I read yesterday about Japan buying US corn to help in the trade spat. Lots of folks wanting China to fail but few step in and help. Can't help but wonder if Trump asked them for that assistance or if it was a present.
Posted by: ruprecht   2019-08-26 10:03  

#2  Hmmm...waiting out Trump and supporting his opponents in the States doesn't seem to be working fast enough.
Posted by: Procopius2k   2019-08-26 09:55  

#1  Hell no! Total separation from Communists.
Posted by: Victor Emmanuel Johnson5472   2019-08-26 09:52  

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