'The president is right to make this the center point of the rising and sustained trade conflict,' says Sen. Chris Coons.
"My hope is that the president, having gotten us to this point, won't back down just for some commitment to buy a couple of shiploads of soy beans — but that we will get something that is enforceable around IP theft," said the Delaware senator.
The U.S. and China have been engaged in an escalating trade war for the past year, with each side upping retaliatory tariffs over the summer. The largest hike in duties took place earlier this month before Washington and Beijing agreed to meet in October for another round of high-level talks. Officials from both sides continue to meet in Washington on Friday to lay the groundwork for those renewed negotiations.
However, some relief is in sight. Earlier this month, privately run Chinese firms bought more than 600,000 tonnes ofThe U.S. also on Friday announced it would
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan’s Dimon doubts Trump and China will strike trade deal before 2020 electionPresident Trump is floating the idea China could agree to a trade deal before the 2020 election, but one of America’s top CEOs is very skeptical....
Read more »
Trump grants tariff exemptions to plastic straws, dog leashes and more from ChinaMore than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.
Read more »
Apple’s brand takes a hit in China from backlash against TrumpApple tumbled to No. 24 in a report on China’s top brands, falling from No. 11 a year ago and No. 5 before the trade war began. Huawei rose to No. 2.
Read more »
Congress grills Trump admin over future of Taliban talks after US strike on civiliansCongress grilled Trump administration officials on Thursday over the future of Taliban talks after a U.S. airstrike hit Afghan civilians.
Read more »
Trump confirms U.S. will revoke California waiver to require cleaner carsU.S. President Donald Trump confirmed Wednesday the Environmental Protection Agency will revoke California&39;s waiver that allows it to require automakers to build cleaner vehicles than federal requirements demand - a move that will set off a massive legal battle. The Trump administration will announce
Read more »