. Military Space News .
TRADE WARS
China says efforts 'accelerated' on US trade deal
by Staff Writers
Beijing (AFP) Oct 17, 2019

China said Thursday that its negotiators have "accelerated efforts" to hammer out the details of a partial deal with the United States, as the two sides edge towards an agreement in a lingering trade war.

The initial deal was announced on Friday by US President Donald Trump and included promises to increase purchases of US farm products and protections for intellectual property -- but lacked specific details.

"At present, the economic and trade teams of the two sides have accelerated efforts and consultations on arriving at a specific text for the first phase of the agreement," Chinese commerce ministry spokesman Gao Feng said at a regular briefing in Beijing.

The two sides were also working towards an "early agreement", he said, without offering details.

Trump said Wednesday that he hopes to sign the agreement with his Chinese counterpart President Xi Jinping at the APEC summit in Chile next month.

But Gao declined to say whether the text of the partial deal, or a full agreement, would be ready before the mid-November deadline.

"The two sides have also had substantive discussions on the work arrangement for the next stage," he said.

Trump -- who heralded the partial deal on Friday as a major breakthrough in the long-running trade spat -- had toned down his enthusiasm by Wednesday, saying the specifics were still being worked out.

"It hasn't been papered yet but it is being papered," he told reporters at the White House.

Trump has also insisted that Beijing already bought $40-50 billion worth of American agriculture products last week.

But China is yet to confirm these details.

"Chinese companies are... continuing to increase their purchases of agricultural products from the United States according to the needs of the domestic market," Gao said.

While the deal meant tariff increases planned for this week would not go forward, it did not roll back any of the stinging import duties already imposed up to now on hundreds of billions of dollars in trade between the economic powers, nor did it address another round of import taxes planned for December.


Related Links
Global Trade News


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Sterling stands firm as Brexit hopes build, equities rise
Hong Kong (AFP) Oct 16, 2019
The pound held most of its gains Wednesday after hitting a five-month high on growing hopes that Britain and the European Union are close to a Brexit deal, while equity markets remained buoyed despite signs of fresh China-US tensions over Hong Kong. The sterling surged Tuesday as negotiators voiced optimism that they could strike an agreement that would avoid Britain crashing out of the EU at the end of the month. With the two sides hunkered down in Brussels, Johnson's office said he had held a ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Russia to deploy over 10 space monitoring centres by 2022

Norway's increased military budget omits NATO missile defense system

Putin: Russia is helping China with missile defense system

Lockheed nets $163.9M to support space-based infrared system

TRADE WARS
OpFires program advances technology for upper stage with PDR completion

State Department OKs Javelin missile sale to Ukraine

Naval Strike Missile launched in Indo-Pacific region for first time

Improving the ductility of ceramic materials for missiles, engines

TRADE WARS
Elbit Systems sells $153M worth of mini-drones to unnamed country

ImSAR LLC wins $$7.2M contract for work on RQ-21A UAV

UPS wins first US approval for 'drone airline'

Turkey downs unidentified drone on Syria border: defence ministry

TRADE WARS
Satlink shows the most advanced satellite telecommunications solutions to Spanish Special Forces

DARPA announces final teams for Spectrum Collaboration Challenge Championship event

Eight companies share Navy's $968.1M C4ISR contract

US Air Force selects Hughes to strengthen SATCOM resilience

TRADE WARS
Faxon, Major Tool awarded $600M for next-gen area attack warhead

DARPA seeks novel urban swarm capabilities, enhancements to physical testbeds

China anniversary parade to unveil hi-tech military gear: report

New vibration sensor detects buried objects from moving vehicle

TRADE WARS
France, Germany halt arms exports to Turkey

NATO ally Norway suspends new arms exports to Turkey

U.S. military announces largest deployment to Europe in 25 years for 2020 exercises

'Arms deal revenge' theory discounted in 2002 Karachi bomb probe

TRADE WARS
EU extends Russia sanctions over Salisbury chemical attack

Poland, US celebrate new U.S. Army division headquarters in Poland

Modi, Xi talk of 'new' ties, after differences

At summit to mend ties, Modi, Xi see common challenge on 'terror'

TRADE WARS
Scientists create a nanomaterial that is both twisted and untwisted at the same time

Physicists create world's smallest engine

DNA origami joins forces with molecular motors to build nanoscale machines









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.