China lodges 'stern' protest over U.S. warship sailing through South China Sea

Dow, S&P 500, and Nasdaq futures mostly traded sideways ahead of Monday’s opening bell

In public statements aides like Wilbur Ross, the commerce secretary, and Peter Navarro, a White House trade adviser, have played down the impact of the trade wars on markets, the USA economy and companies.

"I think there's a very good chance that we will get a reasonable settlement that China can live with, that we can live with and that addresses all of the key issues", Ross said Monday in an interview with the American cable TV network CNBC. He publicly said he's eager to make a deal that benefits both sides while also stressing that China's slowing economy and falling stock market signal the country is more desperate than the USA for a speedy outcome.

U.S. Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney, center, who is part of U.S. trade delegation leaves from a hotel for a second day of meetings with Chinese officials in Beijing, China, Tuesday, Jan. 8, 2019.

Should China reform its regulation policies to allow more US access to its markets, USA negotiators want guarantees that they won't erase newfound openness by using government authority to block American companies.

US and Chinese officials met Monday in the Commerce Ministry in Beijing to begin their two-day trade negotiations.

China heralded an agreement in the last week of December between China and the U.S.to hold another round of in-person meetings in January, the meetings that are now occurring this week.

During talks in May in Beijing, American envoys gave Chinese officials demands that included cutting subsidies for high-tech industries and narrowing China's trade surplus.

After three days of negotiations, talks between the two sides in Beijing have just concluded - and there's real optimism of a breakthrough.

"China's position in the China-US trade friction and its solutions to the friction is open, it's transparent", Lu said at a regular press briefing.

Tahith Chong delighted to make Man United first-team debut
Cup holders Chelsea and record 13-time winners Arsenal were among the other Premier League teams to progress to the last 32. He stayed behind in Manchester for treatment and will join up with the group in Dubai later this week.

They are different to the Spratley Islands - a series of artificial islands constructed by the Chinese and which have been fitted with military bases and airfields.

Trump has imposed 25 percent tariffs on $50 billion of Chinese good and 10 percent duties on $200 billion of imports.

"I don't see any linkage with the trade talks", said Glaser. China responded by imposing penalties on $110 billion of American goods, slowing customs clearance for USA companies and suspending issuing licenses in finance and other businesses.

Even so, Lu said, "China's development has ample tenacity and huge potential".

International Brent crude futures had yet to trade.

Liu's appearance at the talks is a "symbol of Xi's personal buy-in" in the effort to reach a deal, said Leland Miller, chief executive officer of China Beige Book, a data-analytics firm that surveys companies across the Chinese economy.

Treasury Sec. Steve Mnuchin has led previous in-person trade meetings for the U.S. Those meetings have included top U.S. trade officials including Commerce Sec.

The White House is making sure this go-around is different. US Trade Representative Robert Lighthizer has consistently stressed the latter, emphasizing the importance of binding enforcement mechanisms.

Related news:

Hot News

isis-killer-beheading-video-story-top LG Display unveils an 88-inch 8K OLED screen with built-in sound
Jan 09, 2019 - 00:07
Coming to Line View , the Smart TV is partially unrolled, and users can manage specifics tasks that do not require a TV screen. With Apple HomeKit support, customers will be able to control their LG TV using the Home app or by asking Siri.

isis-killer-beheading-video-story-top Networks agonized over whether to air Trump's speech on the shutdown
Jan 09, 2019 - 00:01
At issue is the president's request for some$5.7 billion in border security that would include work on strategic sections of wall. The emphasis on a "crisis" could be the administration's attempt to lay the groundwork for a potential emergency declaration.

isis-killer-beheading-video-story-top HTC Vive, Amazon & Mozilla Take VR Web Integration to the Next Level
Jan 09, 2019 - 00:00
The Vive Cosmos employs the new Vive tracking system with support for gesture controls and 6 degrees of freedom (6 DoF). HTC General Manager, Americas, Dan O'Brien, positioned the Eye hardware as a great move for enterprise users.

isis-killer-beheading-video-story-top Guardiola: Real Madrid is not a bad step for Brahim to take
Jan 08, 2019 - 23:57
Diaz signed a six-and-a-half-year contract on Sunday for a reported initial fee of €17million despite having never started a Premier League match.

isis-killer-beheading-video-story-top Dream hampton Speaks About The Horrors Of Making Surviving R. Kelly
Jan 08, 2019 - 23:55
A quick scroll of the timeline of any social media platform will yield various opinions and divergent views. Kelly will make it much harder to do so-to keep listening to his songs, if it wasn't already.

isis-killer-beheading-video-story-top London Heathrow, Europe's busiest airport, halts flights following another ‘drone sighting’
Jan 08, 2019 - 23:49
Heathrow and Gatwick recently also spent millions of pounds on military-grade anti-drone equipment . The government will also extend drone exclusion zones around airports.

isis-killer-beheading-video-story-top Josh McDaniels confirms he will be back with Patriots next season
Jan 08, 2019 - 23:46
USC was well within their rights to do such a thing, but allowing Kingsbury to explore his options, is the right thing to do. On Sunday night, the Patriots were reportedly expecting offensive coordinator Josh McDaniels to take a job elsewhere.

isis-killer-beheading-video-story-top Powell muddies Fed’s monetary message to pacify markets for now
Jan 07, 2019 - 08:56
But it has been gradually reversing that stance over the past year, although the balance sheet still remains above $4 trillion. In the first event, the Labor Department's December jobs report showed the economy added a robust 312,000 jobs.

isis-killer-beheading-video-story-top Scott Thompson: China, not the nice customer we thought?
Jan 07, 2019 - 07:56
In comparison, there are nearly 900 Canadians in a similar situation in the United States, the official added. The two detained Canadians have only had one consular visit since their arrests.

isis-killer-beheading-video-story-top Chicago Bulls trade Justin Holiday to Memphis Grizzlies
Jan 07, 2019 - 07:12
According to Shams Charania , the Bulls neither plan on having Brooks report to the team or to waive him. After lockerroom fights and losing 14 of the last 20 games, by trading for Justin Holiday .

isis-killer-beheading-video-story-top Passengers scoop bargain premium seats after Cathay Pacific error
Jan 05, 2019 - 10:43
The airlines then revealed that the data was at risk since March 2018, and its delay in announcing was heavily criticized. He had always wanted to travel in first class but he told the BBC that he often travels in economy class.

isis-killer-beheading-video-story-top Blackpool midfielder hopes home advantage can give Arsenal problems
Jan 05, 2019 - 10:19
Max Clayton (hamstring) is doubtful, while Mark Cullen (leg fracture) and Jimmy Ryan (knee) are long-term absentees. Ramsey has been out of favour this season at Arsenal but has played well when used by manager Emery.

isis-killer-beheading-video-story-top San Diego lawmakers respond to Trump's border wall comments
Jan 05, 2019 - 09:58
Congress has adjourned until Tuesday, meaning the shutdown will last into next week. As of Thursday, the house is Democrat-controlled.

isis-killer-beheading-video-story-top Sarri admits he is not aware of Chelsea signing from Dortmund
Jan 05, 2019 - 09:31
He told the club's website: "Teams are coming here and sitting back and it's hard to break them down, because it's so tight". On his recall, the former Real Madrid star looked completely bereft of touch and confidence.

isis-killer-beheading-video-story-top Elizabeth Warren's whirlwind week ends with a new test in Iowa
Jan 05, 2019 - 08:43
"We have to get out there and be clear about what we're fighting for, and then we've got to show we're willing to fight for it". Hillary Clinton in 2016 launched a similar "listening tour" that took her to early states.