. Military Space News .
TRADE WARS
China's former trade negotiator questions tariff strategy
by Staff Writers
Beijing (AFP) Nov 19, 2018

China's former top trade negotiator has questioned Beijing's strategy in the trade row with Washington, offering a rare window into a policy disagreement in the Communist-ruled country.

Long Yongtu, who paved the way for the country's admission to the World Trade Organization, suggested the government erred by immediately retaliating against Washington tariffs by imposing levies on soybeans from the United States.

"I hope when you start hitting back you'll avoid hitting agricultural products," and leave them for last, Long said he advised before the trade war's first tariff volley this summer.

"Instead from the very start we hit their agricultural products and soybeans," China's former chief representative for trade negotiations said at a a Caixin media business forum on Sunday.

China slapped 25 percent tariffs on American soybeans -- its single largest import from the US -- and other products in July immediately after Donald Trump fired at $50 billion in Chinese imports.

The move was widely seen as an attack on Trump's agricultural base of electoral support, and tacitly acknowledged as such by Chinese officials.

"I said from my experience in China-US trade, agricultural products are very sensitive, soybeans are very sensitive," Long said.

When China was negotiating its WTO entry, the US wanted to bring politics into the discussion, said Long.

"But if you talk politics you will never reach a deal," Long warned, recommending the world's top two economic giants engage narrowly on trade and avoid the larger strategic rivalry to strike a deal.

But Long's interlocutor on stage, and during the WTO negotiations nearly two decades ago, former US Trade Representative Charlene Barshefsky, cautioned that the gulf between the two powers was expanding.

"China's economy and economic policies have been on a divergent course from market economics... accelerating in the last four or five years," Barshefsky told the Caixin forum.

The shift to a state-led system is a "fundamental conflict between China and the United States and other countries Europe, Japan, Australia", she said.

"It is difficult to resolve."


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
Protectionism 'doomed to failure': China's Xi says in swipe at US
Port Moresby (AFP) Nov 17, 2018
Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage. In a major speech, Xi also stressed that there would be no winners from a trade war or a new cold war amid increasing rivalry between the world's top two economies. "Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted ... 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
Raytheon to supply Romania with Patriot missile defense systems

Raytheon's SM-3 IIA successful in ballistic missle defense test

Aerojet Rocketdyne propulsion critical to successful intercept test for SM-3 Block IIA Missile

Aegis Combat System Demonstrates Success During At-Sea Test Against Medium Range Ballistic Missile

TRADE WARS
MBDA shows off naval version of MMP guided tank missile

NATO chief voices concern about Chinese missiles

Gripen E fighter successfully test fires Meteor missile

Raytheon tapped for SM-3 Block IIA missile guidance systems

TRADE WARS
Alpha Unmanned Systems selects Robotic Skies for global support

China steps up drone race with stealth aircraft

CERTAIN program uses NextNav's 3D geolocation technology (mbs) for urban drone operations

Autonomous vehicles could shape the future of urban tourism

TRADE WARS
NSA certifies Harris AN/PRC-163 radio for top secret intelligence

Raytheon tapped by DARPA for high frequency digital communications research

Laser technology could be used to attract attention from aliens

Army scientist seeks enhanced soldier systems through quantum research

TRADE WARS
BAE to provide technical services for Army's 116th MIB

Program targets innovative propulsion solutions for ground-based weapons delivery system

Seven Turkish soldiers die in munitions blast

Indian army receives first 25 M777 Ultra Lightweight Howizters

TRADE WARS
Macron snubs US arms in defence spat with Trump

Norway freezes defence export licences to Saudi

Swiss backtrack on selling weapons to conflict states

Bulgaria's arms exports top 1.2 billion euros in 2017

TRADE WARS
Beijing wants S. China Sea code finished in three years

Bolsonaro names general as Brazil defense minister

Merkel calls for a 'real, true' European army

Trump lashes Macron as Europe moves on defense without US

TRADE WARS
Stealth-cap technology for light-emitting nanoparticles

Nano-scale process may speed arrival of cheaper hi-tech products

Watching nanoparticles

Penn engineers develop ultrathin, ultralight nanocardboard









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.