GUANGZHOU, China (AP) — The U.S. and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary...
GUANGZHOU , China — The U.S. and China agreed to hold talks that will address a key American complaint about China 's economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China .
“I think the Chinese realize how concerned we are about the implications of their industrial strategy for the United States, for the potential to flood our markets with exports that make it difficult for American firms to compete,” Yellen told reporters directly after the announcement.“It’s not going to be solved in an afternoon or a month, but I think they have heard that this is an important issue to us.
“It’s going to be critical to our bilateral relationship going forward and to China’s relationship with other countries that are important, and this provides a structured way in which we can continue to listen to one another and see if we can find a way forward that will avoid conflict," Yellen told reporters.Earlier state media coverage of her trip had dismissed U.S. concerns about overcapacity as a pretext for tariffs.
The Fox Business host wondered if the economy is "too good" following the release of a Labor Department report.The City of Toronto says it has received more than 43,000 complaints this week about its vacant home tax notices of assessment from homeowners who claim their properties were occupied last year.Some homeowners say they forgot to file before the March 15 deadline, while others say they filled out the declaration in time and were billed by the city anyway.
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