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Lobbyists, company executives and U.S. lawmakers from both parties have urged Trump not to settle simply for Beijing’s offers to make big-ticket purchases from the United States to help reduce a record trade gap damascene cufflinks. Going into the talks at the Diaoyutai State Guest House in Beijing, people familiar with the negotiations had said there were still significant differences on enforcement and the sequence of when and how U.S. tariffs on Chinese products would be lifted. Analysts had anticipated the scope of this round of talks to be quite narrow, but that both countries hoped to signal they were working hard toward a resolution..
Reuters reported previously that the two sides were negotiating written pacts in six areas: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade. One person with knowledge of the talks said “translation is definitely an issue,” referring to discrepancies between the Chinese- and English-language versions damascene cufflinks. There remains scepticism that any deal can permanently resolve U.S.-China trade tensions. “Whatever implementation mechanism China agrees to, whether it is monthly or quarterly meetings or other check-ins, there are going to be problems,” James Green, a senior adviser at McLarty Associates who until August was the top USTR official at the embassy in Beijing, told Reuters..
Trump’s demands include an end to Beijing practices that Washington says result in systematic theft of U.S. intellectual property and the forced transfer of American technology to Chinese companies damascene cufflinks. U.S. companies say they are often pressured into handing over technological know-how to Chinese joint venture partners, local officials or regulators as a condition for doing business in China. The U.S. government says technology is often subsequently transferred to, and used by, Chinese competitors..
NEW YORK (Reuters) – Barely a week after the U.S. Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration, that the Fed will need to cut rates before long. Larry Kudlow, President Donald Trump’s top economic advisor, said Friday on CBNC that while there is “no emergency,” the Fed should cut rates to protect the U.S. economy from slowing down. But no fewer than five Fed officials in the past 24 hours have touted the underlying strength of the American economy and argued the recent spate of weak data on business activity is more likely to prove fleeting than lasting damascene cufflinks.
Even the Fed’s two most dovish policymakers – the presidents of the St damascene cufflinks. Louis and Minneapolis regional banks – say they are not ready to agitate for the central bank to start reversing three years of rate increases. On Friday one of the bank’s centrists, Randal Quarles, the Fed Board of Governor’s Vice Chair for Supervision, offered an optimistic view of the U.S. economy and said more rate increases may be needed if recent positive trends in productivity and investment continue..