TRADE WARS
US forming 'trade coalition' to confront China: Trump adviser
by Staff Writers
Washington (AFP) Oct 4, 2018

The United States is uniting with other major economies to take on China's unfair trade practices, a senior White House economic adviser said Thursday.

National Economic Council Director Larry Kudlow also said there was a possibility US President Donald Trump could meet with Chinese President Xi Jinping at the Group of 20 summit in Argentina at the end of November.

"We're moving to what I characterize as a trade coalition of the willing to confront China," Kudlow told the Economic Club of Washington. "We are talking to the European Union again. We are talking to Japan again."

The United States, Japan and the European Union last month announced they were jointly considering "possible measures" against the kind of unfair industrial practices widely attributed to Beijing, such as overcapacity, cyber-theft and forced technology transfers.

Trump has slapped duties on more than $250 billion in imports from China, demanding an end to such actions, which US officials say underpin Beijing's efforts to achieve industrial dominance by 2025.

Kudlow also told reporters on Thursday that channels of communication with Beijing remained open but there were currently no plans for more shuttle diplomacy between Washington and Beijing.

"There's some thinking about maybe Presidents Xi and Trump might get together at the G20 in Buenos Aires but that's not a lock. I'm just saying there's some thinking about that," Kudlow said.

"Our position is, (if) they want to talk, serious talks, significant talks, we're ready any time."


Related Links
Global Trade News

TRADE WARS
EU launches Asia strategy to rival China's 'new Silk Road'
Brussels (AFP) Sept 26, 2018
As doubts grow over China's vast "Belt and Road" trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new "Asia connectivity strategy" - which aims to improve transport, digital and energy links while promoting environmental and labour standards - in time for a major summit of European and Asian leaders next month. Brussels insists the scheme is not ... 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
Pentagon to pull some Patriots from Middle East: US official

Lockheed Martin to upgrade AEGIS Combat System for U.S. warships

SBIRS GEO-3 achieves operational acceptance

Successful Aegis Combat System Test Brings BMD to Japanese Fleet

TRADE WARS
Lockheed contracted by Army for HIMARS launchers, support

Raytheon, Lockheed contracted for Javelin missiles for six countries

Hezbollah defies Israel, says has 'precision missiles'

Northrop Grumman tapped for conversion of anti-radiation missiles

TRADE WARS
General Atomics to provide technical services for Gray Eagle drones

Raytheon to deliver small drone decoys to the U.S. Navy

Self-flying glider 'learns' to soar like a bird

General Atomics contracted for Reaper drone ground control work

TRADE WARS
Airbus tests 4G 5G stratospheric balloons for defence comms

Lockheed Martin embraces agile software development to evolve signals intelligence capabilities

Lockheed Martin Introduces Mission Planning System That Connects Systems and Assets Across Domains

ViaSat contracted for JTRS aircraft communications systems

TRADE WARS
WWII bombs sent shockwaves to the edge of space

L-3 receives contract for Bradley, MLRS transmissions

American Ordnance contracted for 40mm grenade training rounds

Oshkosh receives contract for HMMWV parts

TRADE WARS
US Congress passes major spending bill, sending it to Trump

Boeing's takeover of satellite firm further consolidates space defense industry

France fears damage after Hollande fans controversy over India arms deal

India's Modi mauled over French defence deal

TRADE WARS
Trump admits friendship with China's Xi could be over

Michael Bloomberg, against climate change and anti-Trump

UK site leads the way in Skripal case with online savvy

US 'subsidizing' Saudi, Asia militaries: Trump

TRADE WARS
Precise control of multimetallic one-nanometer cluster formation achieved

Two quantum dots are better than one: Using one dot to sense changes in another

Nucleation a boon to sustainable nanomanufacturing

New nanoparticle superstructures made from pyramid-shaped building blocks