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BRUSSELS (Reuters) – The European Union is ready immediately to start trade negotiations with the United States to remove tariffs and a deal could be rapidly concluded, European Trade Commissioner Cecilia Malmstrom said on Monday. “I will reach out as soon as they wake up in the U.S.. and see if can have more clarity on when we can meet to have the first talks on this.. We are ready as soon as they are,” Malmstrom told a news conference. “If we agree to start, I think it can go quite quickly nordstrom rack cufflinks. We are definitely determined to do everything we can to finish this during the Juncker Commission,” she said, referring to the present European Commission, whose term ends on Oct. 31..
SHANGHAI (Reuters) – Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group. “We are working with five battery cell suppliers qualifying them to group level. With one or two of them it may lead to more close cooperation. In China we have chosen to do this with Chinese players,” Stephan Woellenstein (55), CEO of Volkswagen China Passenger Cars said in Shanghai on Monday nordstrom rack cufflinks.
WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. objective for the trade talks. The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. U.S. President Donald Trump’s administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies – including industrial subsidies – that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods nordstrom rack cufflinks.
The issue of industrial subsidies is thorny because they are intertwined with the Chinese government’s industrial policy. Beijing grants subsidies and tax breaks to state-owned firms and to sectors seen as strategic for long-term development nordstrom rack cufflinks. Chinese President Xi Jinping has strengthened the state’s role in parts of the economy. In the push to secure a deal in the next month or so, U.S. negotiators have become resigned to securing less than they would like on curbing those subsidies and are focused instead on other areas where they consider demands are more achievable, the sources said..
Those include ending forced technology transfers, improving intellectual property protection and widening access to China’s markets, the sources said nordstrom rack cufflinks. China has already given ground on those issues. “It’s not that there won’t be some language on it, but it is not going to be very detailed or specific,” one source familiar with the talks said in reference to the subsidies issue. A representative for the White House referred Reuters to the U.S. Trade Representative’s Office, which did not respond to a request for comment..