China Trade Deal Must Be 'Very Good,' or No Deal

U.S. President Donald Trump and China's President Xi Jinping

U.S. President Donald Trump and China's President Xi Jinping

Beijing is hopeful about its next round of trade talks with the US, China's vice minister for commerce Wang Shouwen said Saturday, March 9, after revealing that top negotiators had tried to hammer out a deal over a lunch of burgers and eggplant chicken in a recent round of talks.

Last year, the USA had recorded an overall trade deficit surge of 12.5 percent to $621.0 billion, the nation's largest deficit figure since 2008.

Top-level negotiators have met three times in an attempt to reach an agreement before next week, when additional tariffs could be levied on Chinese goods entering the USA as a truce period expires. In response, China, the world's second largest economy after the U.S., imposed tit-for-tat tariffs on Dollars 110 billion of American goods.

Yi Gang, China's central bank governor, said on Sunday that China and the United States are close to securing a currency deal as part of the two nations' broader trade negotiations, which are inching toward a resolution.

Ireland take bonus point Six Nations win over France
The Ireland talisman will be hoping to go out on a high by leading his team to the latter stages of the tournament. Ireland coach Joe Schmidt said: 'To dominate like that in a Six Nations game is rare.

Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks although there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday.

"I am confident but. if this isn't a great deal, I won't make a deal", Trump told reporters as he departed the White House to visit tornado-damaged Alabama.

"Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle", said Yeung, adding it would weigh on China's first-quarter GDP growth.

Trump's decision to walk away from the talks has sparked concern that Xi "could be pressured with take-it-or-leave-it demands at a potential summit at Mr. Trump's Mar-a-Lago estate in Florida late this month", it said.

Sloane Stephens stunned by qualifier Stefanie Vogele at Indian Wells
Vogele needed just over an hour to dispatch the fourth-seeded Stephens and push her overall record to 4-1 against the 2017 U.S. It was a game worthy of any grand slam final, but this thrilling duel came in only the second round of the BNP Paribas Open.

Imports fell 5.2 percent from a year earlier, worse than analysts' forecasts for a 1.4 percent fall and widening from January's 1.5 percent drop. "Go to the USA for a visit, which isn't a state visit, and hope that Trump doesn't embarrass you" Evan Medeiros, a Georgetown University scholar who was a senior China adviser to President Barack Obama was quoted as saying by The Wall Street Journal.

Economists caution the data for the first two months of the year can be affected by the Lunar New Year holiday.

"We can not afford to waste this opportunity and risk losing this century's most important, strategic, economic, and geopolitical competition. That's the key - not the timing, not even the place - we have to get it right so it's in America's interest", Kudlow said.

Justin Houston released by Kansas City Chiefs
They had tried to trade him, but no one willing to pick up the $15.25 million base salary that was due this season. In 2014, Houston posted 22 sacks, which led the National Football League and was a team record.

Latest News