Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Trump optimistic about US-China trade talks

Trump optimistic about US-China trade talks

Markets have edged higher amid renewed optimism over the talks, despite diplomatic tensions.

US President Donald Trump sounded an optimistic note at the end of the first day of US-China trade talks in Washington DC.

"We had a very, very good negotiation with China," Mr Trump told reporters after the talks wrapped up.

Mr Trump will meet directly with Vice Premier Liu He at the White House on Friday.

Earlier reports suggested the Chinese delegation might leave after the first day of talks.

Asian markets followed Wall Street higher after Mr Trump's comments.


Live market data


US bank giant reviews role at Chinese tech firm
Thursday's talks kicked off amid a backdrop of renewed tensions, as the US blacklisted 28 Chinese entities over human rights concerns.

They were the first high-level negotiations in more than two months.

US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer met Mr Liu and other Chinese officials.

"The Chinese side came with great sincerity, willing to cooperate with the US on the trade balance, market access and investor protection," Mr Liu told the official Xinhua news agency.

US blacklists China entities over 'Uighur abuse'


US halts China visas over Uighur issue


Earlier in the week, the US government blacklisted 28 Chinese entities it said were "implicated" in human rights abuses, and imposed additional visa restrictions for

The Chinese Embassy in Washington denounced the visa action and said the US accusations on human rights violations were "made-up pretexts" for interfering in China's affairs.

Although many of the blacklisted entities are government security bureaus, the eight companies named include some of China's leaders in artificial intelligence.

The blacklist could restrict the access of those companies to US microchips, which they currently rely on for many of their products and services.

Human rights groups and the UN say China has rounded up and detained more than a million Uighurs and other mostly Muslim minorities in detention camps in Xinjiang province.

China insists they're "vocational training centres" aimed at preventing terrorism, promoting integration into Chinese society and providing employment.

Although officials are speaking positively about the meeting, few expect more than incremental progress.

"I think China's looking for a trade truce," said Einar Tangen, a former economic adviser to the Chinese government.

"At this point, it's not clear that there will ever be any kind of big breakthrough. The idea in Beijing is that they will never allow Chinese policy to be made in Washington DC."

The Uighur geography teacher who vanished in China


US-China trade war in 300 words


The US and China have been locked in a long-running trade spat over a variety of issues.

Over the past 15 months, the world's two largest economies have imposed tariffs on billions of dollars worth of each other's goods.

The US has been demanding better protection for US intellectual property, and an end to both cyber theft and the forced transfer of technology to Chinese firms.

It also wants China to reduce industrial subsidies and improve access to Chinese markets to US companies.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
×