China u s relations

Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress. Xi made the comments at a meeting on Friday with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing, after a week of senior- and deputy-level talks. The People's Daily, the official paper of the ruling Communist Party, said in a commentary that Xi's meeting with U.S. negotiators had affirmed progress made in previous talks and "injected new impetus into the next stage of the development of Sino-U.S. trade relations." The talks "have made important progress" for the next round of negotiations in Washington next week, the paper said in its domestic edition. "It is hoped that the two sides will maintain the good momentum of the current consultations and strive to reach an agreement within the set time limit," it said. U.S. duties on $200 … [Read more...] about China-U.S. trade talks ‘making a final sprint’

By Josh Zumbrun The Wall Street Journal Siobhan Hughes Sat., Sept. 1, 2018 The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence. Congress is working to resolve the last barriers to passing a bill that would boost the U.S.’s role in international development. It would combine several little-known government agencies into a new body, with authority to do $60 billion (U.S.) in development financing—more than double the cap of the current agency that performs that function. The measure, supported by the Trump administration, easily passed the House this summer; it faces its biggest test in the Senate. The new agency would have broad authority to go toe-to-toe with China in offering countries financing options for major infrastructure and development projects. The bill’s momentum reflects growing bipartisan concern in Washington about the scale of … [Read more...] about To counter China, U.S. looks to invest billions more overseas

By Ranjeetha Pakiam Bloomberg Tues., April 3, 2018 SINGAPORE—Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades. Bullion could top $1,400 (U.S.) an ounce in 2018 as escalating trade tensions drive investors to havens and the three-decade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,340 on Tuesday after three straight quarters of gains, while exchange-traded fund holdings are around the highest in half a decade. U.S. President Donald Trump has ordered import tariffs on steel and aluminum and sought new restrictions on Chinese investment. Asia’s top economy retaliated by imposing its own levies on Monday, while the U.S. is expected to release this week a new list of Chinese products to be slapped with … [Read more...] about Trade war will push gold to $1,400, Sprott U.S. Holdings exec predicts