Doubts on the rise about the US-China ceasefire

I am a tariff man’ Trump warns China against raiding ‘great wealth’ of US as trade talks start

"China is supposed to start buying Agricultural product and more immediately".

The stock market jumped after the news was announced.

Mr Trump said his team of trade advisers, led by China trade hawk and USA trade representative Robert Lighthizer, would determine whether a "REAL deal" with China was possible.

There are several significant take-aways from this development, including the argument that Trump's hard line, even at times belligerent stance with Beijing, has caused them to blink first, particularly since economic growth in China has already started to feel the brunt of USA tariffs, while US economic growth, though not as robust as a few months ago, is still strong.

As part of the talks on Saturday night, Trump agreed not to increase existing tariffs on Chinese goods or impose any new ones for 90 days, while talks took place. Targeting soybeans was widely seen as a direct attack on Trump's supporters, as the US' top soybean farming states voted for Trump in 2016.

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so".

Trump's economic team has spun his knee-jerk protectionism as a tactic created to negotiate "better" trade deals - but so far, those better trade deals don't seem to be stronger than the status quo ante. White House economic advisor Larry Kudlow said the figure was a broad benchmark that would depend on private transactions for USA goods and was subject to market conditions. "Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina", Mr Trump said on Twitter. At the end of the day, two realities remain: the U.S.is now an energy (oil and gas) producing super power alongside the ranks of Russian Federation and Saudi Arabia, while China, conversely, is the world's largest energy consumer, which gives it less leverage in ongoing trade and even geopolitical negotiations and developments.

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A proposed cut by China to tariffs on US auto imports created confusion in Washington, a day after it was announced by US President Donald Trump.

The United States also expects China to promptly address structural issues, including intellectual property theft and forced technology transfers. China, which has hiked the tariff on USA -made cars coming into the country to 40 per cent amid the trade fight, hasn't made a similar announcement on auto tariffs.

He said the United States should look into a rule that would bar imports of Chinese products that used stolen U.S. intellectual property.

The appointment of Lighthizer, the hardline United States trade representative, to lead the talks instead of Treasury Secretary Mnuchin puts one of the administration's toughest China critics in charge.

That was a very different message to the one that emerged immediately after the dinner, when Trump said that he and Xi had agreed on "an incredible deal" and that US-China relations had taken a "big leap forward".

"Lighthizer has been put in charge of negotiations", Navarro said.

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