Buy or Sell, page-13

Now now, 'My Favorite Ricky M Martian'



Trump wants a Deal, Cos Donald needs a Deal, sooner or later imo !

He's just not taking anything less atm, until he needs to

By that, i mean i think he's obviously used to getting what he wants

Sooner or Later, probably thinks he has plenty of time to wait for a result

Apply more or as much Pressure on his mate Xi as humanly possible

From both sides, Bit like playing Chicken, except it's with our Co + SH's $$$ atm

BlackRock says a US-China trade deal is likely this year

There’s still a chance that the U.S. and China could reach a trade deal by the end of this year, but that won’t be enough to cause investors to cheer, according to an investment expert from BlackRock.

Isabelle Mateos y Lago, deputy head of BlackRock’s Official Institutions Group, said Friday that any trade deal between Washington and Beijing will likely be “narrow.”

That means the deal won’t likely resolve all the tensions between the two countries, she explained.

The Official Institutions Group under investment firm BlackRock manages $411 billion of assets for entities including central banks and sovereign wealth funds, according to the money manager’s website.

“We do think a trade deal will happen, but let’s be very clear: Will it solve all the underlying tensions between the U.S. and China, in particularly the more strategic issues present in the tech sector? We don’t think so,” Mateos y Lago told CNBC’s Nancy Hungerford at the Institute of International Finance’s spring meeting in Japan.

“But a narrow trade deal, we do think ultimately it will happen, and probably before the end of the year,” she added.

In addition to the rivalry between Washington and Beijing, investors are worried about U.S. President Donald Trump’s recent threats to impose a new tariff on Mexico to address his immigration concerns, according to Mateos y Lago.

Even if the U.S. and China manage to resolve their conflict, investor sentiment will still be weighed down, she added.

“There are a number of worries at the same time right now. There’s the U.S.-China tensions, there’s the new tariff threats against Mexico which has roiled markets and sentiment because they seem to signal a new use of tariffs for non-trade related issues, ” she said.

“So, I think if we get resolution on the China front, that’s good. But we’ll need resolution on the Mexico front as well.”

www.cnbc.com/2019/06/07/blackrock-on-us-china-trade-deal-market-impact-from-mexico-tariffs.html

US says China playing 'blame game' in trade battle

The US has said China is playing a "blame game," misrepresenting trade talks between the two countries.

In a statement, the Trump administration also accused China of "backpedalling" on trade agreements.

The comments come in response to Beijing's release of a paper blaming Washington for the setback in talks.

The US reignited the trade war last month by raising tariffs on billions of dollars worth of Chinese goods, prompting Beijing to retaliate.

The two countries have been in an escalating conflict over trade for the past year. The scope of the battle has expanded in recent months as Washington has tightened trade restrictions on Chinese telecoms giant Huawei.

Hopes for an imminent trade deal were shattered in May after the Trump administration more than doubled tariffs on $200bn (£157.9bn) of Chinese imports and threatened additional duties.

"Our negotiating positions have been consistent throughout these talks, and China backpedalled on important elements of what the parties had agreed to," a statement from the Office of the United States Trade Representative (USTR) said.

The statement said the US was "disappointed" the Chinese had chosen in recent public statements "to pursue a blame game misrepresenting the nature and history of trade negotiations between the two countries".

Beijing released a "White Paper" on Sunday, which set out China's position in trade talks including some of its prerequisites for a deal.

In the paper, China said in order to reach a deal "the US should remove all additional tariffs imposed on Chinese exports".

While China was willing to work together with the US to reach a "mutually beneficial and win-win agreement", the paper said "mutual respect" was key.

"One side should not cross the other's 'red lines'. The right to development cannot be sacrificed, still the less can sovereignty be undermined," it said.

Sticking points throughout US-China trade talks have included whether and how fast to roll back tariffs, as well as how to enforce any trade deal.

The US has wanted to keep tariffs in place as part of the enforcement mechanism and to be the sole arbiter of whether China had broken the terms of the deal, analysts say.

"Our insistence on detailed and enforceable commitments from the Chinese in no way constitutes a threat to Chinese sovereignty," the USTR said.

Trade war fallout

The trade war is already weighing on the global economy and China's "White Paper" laid out some of its impact so far.

China's export volumes to the US fell by 9.7% year-on-year in the first four months of 2019 due to the US tariff measures.

According to Chinese statistics, direct investment by Chinese companies into the US dropped 10% year-on-year in 2018, the paper said.

No official trade talks have been scheduled since the last round ended in May.

Chinese President Xi Jinping and US President Donald Trump are expected to meet at the G20 meeting of leaders in Japan later this month.

www.bbc.com/news/business-48507612


The first litmus test of whether the two countries can resume talks will come this weekend, when Treasury Secretary Steven Mnuchin heads to the Group of 20 economic summit in Japan. So far, the Trump administration has been reluctant to commit to whether Mnuchin will meet with his Chinese counterpart, Vice Premier Liu He, on the sidelines of the summit.

"We anticipate we will see the Chinese delegation, but we have nothing to confirm at this time," a senior Treasury official told reporters this week.

Among the bilateral meetings Trump's top finance chief will hold while in Fukuoka are those with the finance ministers of Japan, Germany, France and Italy along with the People's Bank of China Governor Yi Gang.

On Thursday, Trump threatened to continue to apply more pressure on China in the form of tariffs on an additional $300 billion in goods from Beijing if talks don't yield progress.

"I can go up another at least $300 billion and I'll do that at the right time," the President told reporters at the Shannon airport in Ireland en route to France. "I think China wants to make a deal badly."

For its part, Beijing has also signaled it "would not bow under pressure" to the United States, especially on key issues tied to the country's sovereignty, according to a government policy report on trade issues released Sunday. China has pinned blame for the latest trade stalemate on the United States, saying it was acting as a bully.

The government document also accused the White House's "America First" strategy of undermining the global economy, while it left the door open to return to the table for talks.

"China is open to negotiations, but will also fight to the end if needed," the report stated.

Trade will be among the top priorities discussed at this weekend's meeting of finance ministers and central bankers, who are likely to caution that the negative impact from multiple trade spats sparked by the Trump administration could jeopardize global growth.

The escalating trade risks prompted Federal Reserve Chairman Jerome Powell on Tuesday to assure investors that policy makers are keeping a watchful eye on trade tensions.

"We do not know how or when these trade issues will be resolved," said Powell, speaking at a conference hosted by the Chicago Federal Reserve Bank. He added that central bankers will take "appropriate" steps to maintain the US economy's expansion amid the multiple trade spats and are monitoring closely.

On Monday, China's Education Ministry alerted potential students and scholars the US was delaying visas or outright rejecting applications to study. The next day Beijing issued a separate advisory warning it had received many complaints that US law enforcement agencies were interrogating Chinese citizens who were entering and leaving the country.

The country's tourism office also cautioned citizens they could be putting their safety at risk, pointing to frequent "shootings, robberies and thefts."

Tuesday's flurry of advisories came on the anniversary of a deadly 1989 crackdown on pro-democracy demonstrators in Tiananmen Square, sparking a sharp diplomatic exchange between the two countries' top diplomats.

In a statement, Secretary of State Mike Pompeo called on the Chinese government to make a "full, public accounting" of the incident, while saluting the "heroes of the Chinese people who bravely stood up 30 years ago."

The remarks by the top US diplomat sparked an immediate backlash from Beijing, which described them as "prejudice and arrogance."

"Under the pretext of human rights, the statement grossly intervenes in China's internal affairs, attacks its system, and smears its domestic and foreign policy," said a spokesman for the US Chinese Embassy in a statement. "The Chinese side expresses its strong dissatisfaction and firm opposition to it."

https://edition.cnn.com/2019/06/06/politics/china-trade-war-us-pressure/index.html



Or call 911 as we all go down in Flames ?

Cheers

Frank