China, Trump and trade deal
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European Union leaders are meeting with top Chinese officials in Beijing on Thursday for a one-day summit aimed at addressing trade imbalances, climate cooperation and global conflicts, though expectations for concrete outcomes are low.
The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.
President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.
Smith: It’s well known that trade is essential for the health of American agriculture. Parum: Over 20 percent of what we grow is sold overseas, and every $1 in agricultural exports generates $2 at home. So, that's jobs, incomes, and opportunities for rural communities.
The US and the EU will have zero tariffs on aircraft and their components, some chemicals, some generic drugs, some semiconductors, some agricultural products and essential raw materials. Alcoholic beverages are not included in the agreement. The 50% tariffs on steel and aluminum remain.
Expectations are rock-bottom for an EU-China summit on Thursday that will test European resolve and unity as the bloc faces intense trade pressure from both Beijing and the United States, analysts say.
DPA International on MSN4d
EU, China mark 50 years of diplomatic ties as trade tensions loomThe European Union and China celebrated 50 years of bilateral diplomatic relations at a high-profile summit in Beijing on Thursday. But many contentious issues dampened the festive mood.
European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.
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