USA destroyer sails in disputed South China Sea amid trade talks

USS Mc Campbell departs U.S. Fleet Activities Yokosuka and transits into Tokyo Bay

USS Mc Campbell departs U.S. Fleet Activities Yokosuka and transits into Tokyo Bay

Over dinner in Argentina last month, Trump and Chinese president Xi Jinping agreed to a 90-day tariff truce so that negotiations could take place. That includes giving specific dates for making purchases, and making assurances that Beijing won't hinder US companies from gaining access to China's market.

Given the results of the talks, reports of optimism on both sides suggest that Washington may be willing to settle for a deal that mostly involves addressing the trade deficit by increasing USA exports to China.

The World Bank this week cut its outlook for the global economy as growth in trade and investment slowed and rising interest rates sapped momentum, especially in emerging markets.

US farmers and global seed companies have long complained about Beijing's slow and unpredictable process for approving GM crops for import, stoking trade tensions between the two sides.

"The talk has enhanced mutual understanding and laid a foundation for addressing each other's concerns", it said. It's true that Beijing has made a series of offers to the USA in recent weeks to end the trade war, but none qualifying the fair trade practices bar of Trump administration.

People familiar with the U.S.

The two sides agreed to keep close contact, according to the statement.

Washington wants Beijing to change plans for government-led creation of Chinese leaders in robotics and other advanced technologies.

The US Trade Representative, which leads the American side of the talks, said negotiators focused on China's pledge to buy a "substantial amount" of agricultural, energy, manufactured goods and other products and services.

China's trade data for the full year of 2018 is due to be released on January 14, and economists see year-on-year export growth slowing in December from November. It gave no sign of progress in those areas.

Regarding narrowing the trade imbalance, which the Trump administration has pushed China to resolve by importing more US goods, the article reads: "Importing some good things from the United States, this can help satisfy Chinese citizens' wants for leading a comfortable life".

"On whether this operation will affect the ongoing trade talks between the two sides, I believe proper resolution of trade disputes is conducive to the world".

Almost halfway into the 90-day truce, there have been few concrete details on progress made so far.

China has also cut tariffs on U.S. cars, dialled back on an industrial development plan known as "Made in China 2025", and told its state refiners to buy more USA oil.

The discussions are the first face-to-face interactions between the USA and China since both presidents met in Argentina and agreed to a temporary truce in their tit-for-tat tariff war. US officials have repeatedly accused China of not fulfilling agreements, with Ross saying on Monday that "the real issue is what are the enforcement mechanisms, what are the punishments if people don't do what they were supposed to do?"

"Listen, I think in the end markets are not really going to care very much about the details of any deal that's struck as long as a deal is struck and directionally looks like we are going toward deescalation rather than escalation", said Jimmy Pethokoukis, fellow at the American Enterprise Institute.

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