U.S. reached out to China for new trade talks, sources say

US reached out to China for new trade talks, sources say

His first round of tariffs this summer hit US$50 billion in Chinese products like high-end technology parts and manufactured goods, while Beijing fired back dollar-for-dollar at United States soybeans, autos and other farm goods.

Americans for Free Trade, a group of more than 80 associations, said it represents thousands of businesses and workers.

"American companies are suffering both from China's retaliatory tariffs, and - ironically - from USA tariffs created to harm the Chinese economy", the two chambers said in a statement.

The coalition posted a searchable map linking users to stories from farmers and businesses saying they're harmed by tariffs.

The White House believes China will wave the white flag after the next round of tariffs on $200 billion in goods, said William Zarit, the chamber's chairman.

A series of companies want President Trump to know that tariffs are hurting USA industries. The White House is pushing tariffs as a powerful negotiating tool for winning what it says are better trade deals for all Americans. "That's what we've been asking for months and months".

The negative impact of the tariffs on US companies has been "clear and far reaching", according to the joint survey by AmCham China and AmCham Shanghai published on Thursday.

The Trump administration has invited Chinese officials to hold a new round of trade talks, top White House economic adviser Larry Kudlow said Wednesday.

"I think the talks have the potential to be successful, but it depends on the approach that both countries take", she said.

"Tariffs are already negatively impacting U.S. companies and the imposition of a proposed $200 billion tranche will bring a lot more pain", Eric Zheng, chairman of the American Chamber of Commerce in Shanghai, said Thursday in a statement.

Brady appreciates Ramsey leaving him off list of QBs that 'suck'
Whoever goes against him, I'm very confident that they'll hold it down, and I'll do my job and I'll hold it down where I'm at". He gets going sometimes out on the field, I've seen him". "My mindset is to prepare as if I'm playing", he said.

But he cautioned: "I guarantee nothing".

In recent meetings with cabinet-level Chinese officials, USCBC representatives were told that licensing won't resume "until the trajectory of the U.S".

"There seem to be domestic political pressures that are working against the perception of US companies receiving benefits" during trade disputes, Parker told the South China Morning Post.

A day earlier, more than 60 USA industry groups launched a coalition - Americans for Free Trade - to take the fight against the tariffs public.

Scott Kennedy, deputy director of China studies at the Center for Strategic and International Studies in Washington, said he suspected the invitation to talks would be viewed skeptically in Beijing.

Christopher McNally, an adjunct senior fellow at the East-West Centre in Hawaii, said the Trump administration may seek a deal on the trade war before the elections, though he cautioned that the United States president could easily throw out any negotiated settlement if he felt it did not "help him politically or doesn't go far enough, doesn't make him look good enough".

"China's economy has slowed a tiny amount, and it certainly has financial anxieties, but it is nowhere near any kind of tipping point".

The announcement followed reports by American and European chambers of commerce that foreign companies in China have been hurt by earlier tariff hikes by both sides in the fight over Beijing's technology policy.

So far, the United States and China have hit $50 billion worth of each other's goods with tariffs in a dispute over USA demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back industrial subsidy programs and better protecting American intellectual property.

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