{"id":362124,"date":"2018-05-21T08:51:47","date_gmt":"2018-05-21T07:51:47","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/inconclusive-outcome-of-us-china-trade-talks\/"},"modified":"2018-05-21T08:51:47","modified_gmt":"2018-05-21T07:51:47","slug":"inconclusive-outcome-of-us-china-trade-talks","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/inconclusive-outcome-of-us-china-trade-talks\/","title":{"rendered":"Inconclusive outcome of US-China trade talks"},"content":{"rendered":"<div id=\"content\">\n<h3 class=\"nomargin\">\u00a0<\/h3>\n<h2>Inconclusive outcome of US-China trade talks<\/h2>\n<h5>\n<p>    By<br \/>\n    Nick Beams<br \/>\n    <br \/>21 May 2018<\/p>\n<\/h5>\n<p> Two days of talks in Washington between high-level US and Chinese delegations at the end of last week did not bring any substantial movement on the trade issues that have divided the two countries. The differences remain so wide that the <em>Wall Street Journal<\/em> reported the discussions ended up \u201cwith both sides arguing all night on Friday over what to say in a joint statement.\u201d<\/p>\n<p>The brief communiqu\u00e9 that finally emerged said there had been \u201cconstructive consultations\u201d regarding trade and spoke of a \u201cconsensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,\u201d without specifying by how much.<\/p>\n<p>\u201cTo meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States,\u201d it continued.<\/p>\n<p>The phrasing was in line with the Chinese delegation\u2019s insistence that it not be seen to be capitulating to US demands. In the course of the talks, Larry Kudlow, Trump\u2019s economic adviser, indicated to journalists that China had agreed to US demands that the trade deficit be reduced by $200 billion. This was seen by the Chinese as a blatant attempt to push them into such a commitment and was denied by Chinese news outlets.<\/p>\n<p>In a television interview, Kudlow yesterday downplayed the significance of the $200 billion figure, saying, \u201cMaybe I got ahead of the curve,\u201d and that it had been used as a \u201crough ballpark estimate.\u201d<\/p>\n<p>The statement said both sides had agreed on \u201cmeaningful increases\u201d in US agricultural and energy exports and that the US would send a team to China&#8230;<\/p>\n<\/div>\n<p><a href=\"http:\/\/www.wsws.org\/en\/articles\/2018\/05\/21\/chin-m21.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Inconclusive outcome of US-China trade talks By Nick Beams 21 May 2018 Two days of talks in Washington between high-level US and Chinese delegations at the end of last week did not bring any substantial movement on the trade issues that have divided the two countries. The differences remain so wide that the Wall [&hellip;]<\/p>\n","protected":false},"author":2526,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-362124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/362124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2526"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=362124"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/362124\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=362124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=362124"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=362124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}