Lighthizer and a small team will be in Shanghai through Wednesday, according to people familiar with the plans who asked not to be identified. The meeting will involve a broad discussion of the issues outstanding and isn’t expected to yield major breakthroughs, a senior administration official said.
Jinping Xi
China Imports Tumbled in May, Holding Up Trade Deal With China Ahead of G-20
Gold Silver Reports ✔ – President Donald Trump – It’s me right now that’s holding up the deal,” Trump said at the White House before he left on a trip to Iowa. “And we’re going to either do a great deal with China or we’re not going to do a deal at all.”
Trump says Tariffs on $200 Billion of Chinese Goods will Increase to 25%, Blames Slow Progress in Trade Talks
Gold Silver Reports (GSR) – In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”
Made in China 2025
Neal Bhai Reports (NBR) – Made in China 2025 — Beijing’s “Made in China 2025” plan aims to transform China into an advanced manufacturing leader by targeting 10 emerging sectors including robotics, clean-energy vehicles and biotechnology.
China Tells State-Owned Giants to Halt Iran Oil Buying
China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the U.S. prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter.
China Adds to Stimulus Drip-Feed as Markets Stumble Again
China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment. The central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises