United States and China reportedly working on a deal to save ZTE

Pauline Gross
May 25, 2018

But consensus is emerging that the president is losing the first battles. These U.S. sales won't dent the trade deficit, and they will simply shift global trade flows rather than expand them, because China was already in the market for these raw materials.

"The medical indications are very similar and entirely consistent with the medical indications that have taken place to Americans working in Cuba", Secretary of State Mike Pompeo said".

But amid the sound and fury, what, if anything, is actually changing?

ZTE however was singled out somewhat due to concerns that it was supplying technology with American made components to United States sanctioned countries such as North Korea and Iran.

"We supported Trump in the elections, support a lot of the things he stands for, and we need him to come through on trade like he promised", DiMicco said.

"Well, again, ZTE buys a tremendous amount of equipment and parts for their telephones" from the USA, he said. "Now we are offering same deal of fine & employee discipline?"

And on the question of whether President Trump has matched candidate Trump's trade promises, Inhofe predicted "he'll be good on these talks when it's over with".

According to a New York Times report published on Monday, the strained relationship between the treasury secretary, Steven Mnuchin, and the National Trade Council director, Peter Navarro, devolved into a shouting match in front of Chinese officials on a trip to Beijing earlier this month.

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"The objective was not to put ZTE out of business".

"I think Sec. Mnuchin is well aware of decisions being made by the Trump administration with regard to ZTE". He took to Twitter to defend his action. ZTE's fate remains unknown as of now.

US stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares. "So we'll see what happens".

Meanwhile, China made few concessions to the U.S. concerns about intellectual property theft and government subsidies that triggered the stand-off.

ZTE has been a key factor in negotiations, as the ban exposed China's heavy reliance on crucial tech imports from the US. Mnuchin still led the talks, but reports surfaced that Navarro and Kudlow were excluded from some of the meetings. Now a new American bill is being mooted to expand the powers of the Committee on Foreign Investment in the United States (CFIUS) to target Chinese tactics more effectively. -China relations as the second-ranking Armed Services Republican, when asked if Rubio is correct that China is winning the trade dispute. Recently announced plans outlined by Chinese President Xi Jinping will remove the requirement for companies to partner a Chinese firm and to own no more than 50 percent of the venture. We Americans in 2019 do export more lumber, but we also import more steel.

During the 2016 election, Trump was obsessed with the idea that our trade deals were "unfair", part of his broader campaign message attempting to scapegoat foreigners for all the nation's ills.

"So when you do that, youre really hurting American companies also".

The US launched its probe of Chinese intellectual property practices last summer amid frustration about a series of missile launches. "They have avoided tariffs & got a #ZTE deal without giving up anything meaningful in return by using N. Korea talks & agriculture issues as leverage", he tweeted.

Other reports by GizPress

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