.. subcription
    .. rss channels
    .. press releases
    .. contacts

            august 23, 2019

.. in english  .. по-русски  .. latviski    



LKW Walter

  .. sitemap ..

  .. publications ..

  .. news ..

  .. advertisement ..

LKW Walter Rus
LKW Walter
  .. partners ..


US, China 'miles and miles' from trade deal


US Commerce Secretary Wilbur Ross expressed doubts over the US and China reaching a resolution before the truce period ends on March 1, saying the two sides were "miles" from striking a deal.
"Frankly, that shouldn't be too surprising," Mr Ross told CNBC. There are still "lots and lots of issues" to be resolved, he added, such as "structural reforms" and a system of "penalties" to be put in place before the dispute can be called off.
"We would like to make a deal but it has to be a deal that will work for both parties," he said. "We're miles and miles from getting a resolution."
Mr Ross also mentioned the need to cut back America's "intolerably big trade deficit" with China, which last year reached the 12-year high of US$323.3 billion.
"The other problem is the future. That's the 2025 plan that they have to try to dominate the world's high tech industries. We have to protect that," he said.

.. search ..