Trump Confident About Reaching Trade Deal with China

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The delegation, led by Deputy US Trade Representative Jeffrey Gerrish, will be here from January 7 to 8 to hold talks with China's working group based on the agreement reached between President Xi Jinping and his US counterpart Donald Trump in December, the Commerce Ministry said in a statement cited by Efe news.

Apple has blamed U.S. President Donald Trump's trade dispute with China for its shrinking outlook, but the U.S. leader tweeted his defense Thursday, claiming, "The United States Treasury has taken in MANY billions of dollars from the Tariffs we are charging China and other countries that have not treated us fairly".

Washington and Beijing imposed tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade past year, locking them in a conflict that has begun to eat into profits and contributed to stock market plunges.

The Commerce Ministry confirmed that Gerrish would lead the U.S. delegation at the talks.

The U.S. and Chinese governments both have expressed interest in a trade settlement but give no indication their stances have shifted.

"The negotiations next week are important because they will establish expectations, but we shouldn't expect major breakthroughs", said Mr Myron Brilliant, vice-president of worldwide affairs at the US Chamber of Commerce. The U.S. -China trade war is one piece of the puzzle, as is the backlash to the arrest of Huawei CFO Meng Wanzhou on a U.S. warrant.

"Clearly both sides are feeling economic stress, but both have high ambitions". Auto sales have dropped for the first time since 1990.

India have dominated Australia ever since the start of Border-Gavaskar Trophy
The Herald understands Labuschagne was told he would bat at No 3 during the team's final training session on Wednesday. Rahul could have left the delivery, instead he pokes at it and pays the price.

Those familiar said other United States attendees include Mr Gil Kaplan, Undersecretary of Commerce for International Trade; Mr Ted McKinney, Undersecretary of Agriculture for Trade and Foreign Agricultural Affairs; and Ms Merry Lin, director for global and Asia economics at the National Security Council.

Data this week pointed to signs of strain in the USA and China at the end of a year ago.

While Trump and other officials have said talks between the two sides are progressing well, they have given few details on concessions that China has made.

The makeup of the US team was announced Friday by the trade representative's office.

The Wall Street Journal earlier reported about the trip and said that if there is progress in negotiations, Chinese trade officials led by Vice Premier Liu He will follow up with talks in Washington the following week.

For their part, Chinese officials are unhappy with US curbs on exports of "dual use" technology with possible military applications. The shares closed at US$148.26 on Friday, down about 5.1 percent for the week. The longer their trade war lasts, the longer companies and consumers will feel the pain of higher-priced imports and exports.

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