11/14/2018

CHINA/ECONOMY/STEVE MNUCHIN/TARIFFS/TREASURY/TRUMP AS PRESIDENT: “The Chinese government has presented an offer to the United States to try to push forward stalled trade talks before the leaders of the two economic superpowers meet at the end of this month, according to two people briefed on the discussions. The opening bid falls short of many of the core demands the White House has repeatedly detailed as must-haves in trade talks with Beijing, including addressing technology transfers and intellectual property theft, according to one of the people briefed. Instead, the proposal has been described as a rehash of previous commitments Chinese leaders have publicly announced, like selectively lifting tariffs…Beijing’s proposal comes after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He spoke by phone on Friday to jump start trade discussions ahead of an expected meeting between the two countries’ leaders. US President Donald Trump has said he will have a ‘good meeting’ with his Chinese counterpart, Xi Jinping, on the sidelines of the G20 leaders summit in Buenos Aires later this month.”

Donna Borak, “China makes opening bid to US on trade ahead of Trump-Xi meeting,” CNN Politics, CNN.com, November 14, 2018 7:28 am