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Craig Allen is the U.S. ambassador to Brunei.
With Commerce Secretary Wilbur Ross unable to seal commitments from China to purchase agricultural and energy products after meeting with Chinese officials this weekend, sources and analysts see fading chances for a negotiated outcome between the United States and China that would forestall tariffs on $50 billion worth of Chinese goods from the Trump administration.
The U.S. is “playing a dangerous game” by instituting tariffs on steel and aluminum as well as threatening to slap tariffs on China, EU Trade Commissioner Cecilia Malmström said at a Friday press conference where she announced the EU would bring a World Trade Organization dispute against the U.S. for its imposition of Section 232 tariffs.
“Prioritize negotiations with China to resolve many longstanding obstacles to U.S. agricultural exports while avoiding mutually destructive tariffs.”
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The United States, the European Union and Japan on Thursday pledged to tackle “non market-oriented policies and practices” by developing stronger World Trade Organization rules for industrial subsidies and state-owned enterprises, cooperating on technology transfer and laying out a list of conditions they say define a market economy.
President Trump could be persuaded to rejoin the Trans-Pacific Partnership as a way of countering China after he scores some trade “wins,”Agriculture Secretary Sonny Perdue said on Wednesday.
The U.S. and China are still very much in a trade dispute, White House trade adviser Peter Navarro said Wednesday, calling Treasury Secretary Steve Mnuchin’s announcement of a truce “an unfortunate soundbite.”
The Trump administration’s plan to impose tariffs and investment restrictions on China, announced on Tuesday, caught Beijing by surprise, with China claiming the U.S. move contradicted an agreement reached between the two countries earlier this month.