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Trade talks: China presses US to eliminate tariffs in test of bilateral engagement

China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries' top trade officials that Washington saw as a test of bilateral engagement between the world's biggest economies.

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Trade talks: China presses US to eliminate tariffs in test of bilateral engagement
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The virtual talks between U.S. Trade Representative Katherine Tai and China's Vice Premier Liu He followed Tai's announcement on Monday that she would seek "frank" talks and hold China to its commitments under a 'Phase 1' trade deal negotiated by former President Donald Trump.

"The Chinese side negotiated over the cancellation of tariffs and sanctions, and clarified its position on China's economic development model and industrial policies," China's Xinhua state news agency said after the talks, held on Friday Washington time.

Tai intended to use the call, the second between the two, to test whether bilateral engagement can address U.S. complaints about Beijing's trade and subsidy practices, a USTR official said.

"Ambassador Tai and Vice Premier Liu reviewed implementation of the U.S.-China Economic and Trade Agreement and agreed that the two sides would consult on certain outstanding issues," USTR said in a statement.

Xinhua said the two sides "expressed their core concerns and agreed to resolve each other's reasonable concerns through consultation."

"Both sides agree to continue communicating with an equal approach and mutual respect, and to create the conditions for the healthy development of economic and trade relations between the two countries and the recovery of the world economy," it said.

US CITES CHINA'S 'AUTHORITARIAN' APPROACH

In a briefing ahead of the call, a senior USTR official said Tai would give Liu an assessment of China's performance in implementing the Phase 1 deal, including promised purchases of U.S. goods that are falling short of targets.
Asked about the shortfalls, China's ambassador to the United States, Qin Gang, told China's Phoenix TV in an interview on Friday that Beijing had always kept its promises in state-to-state relations, the embassy said in a summary released Saturday.

He said Beijing had sincerely and steadily implemented the agreement, despite serious challenges posed by the coronavirus pandemic, including what he called "tangible steps" on intellectual property protections and opening the financial sector.

He faulted Washington for acting at the same time to impose barriers and restrictions on Chinese firms in the United States.

Tai would raise concerns about China's "non-market" economic practices, the U.S. official said.

"We recognize that Beijing is increasingly explicit that it is doubling down on its authoritarian state-centric approach and is resistant to addressing our structural concerns," the official said, adding that consequently, Washington would focus on improving U.S. competitiveness, diversifying markets and "limiting the impact of Beijing's harmful practices."

The Phase 1 deal in January eased a long running tariff war between the world's two largest economies. It focused largely on China's promise to boost purchases of U.S. farm and manufactured goods, energy and services by $200 billion over two years, along with increased protections for copyright, trademarks and other forms of intellectual property.

The Trump administration envisioned a Phase 2 negotiation to follow to tackle more difficult issues such as subsidies to state enterprises and China's strategic industrial policies.

The official said Tai's future engagement with China would depend on "how China responds to tonight's call" and declined to discuss possible next steps, but added that Tai would not seek Phase 2 negotiations.

SOURCE: REUTERS

Faisal Ali Ghumman

Faisal Ali Ghumman is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Faisal Ali Ghumman is nothing less than a Veteran Editor and has been writing for GNN for the past 4 months.

Pakistan

Pakistan logs 1,212 new COVID cases; positivity ratio at 2.60%  

According to National Command and Operations Center (NCOC), around 1,212 cases of coronavirus were reported while 39 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,986.

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Pakistan logs 1,212 new COVID cases; positivity ratio at 2.60%  

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves. Today, the daily positivity rate in-country is at 2.60%.

According to National Command and Operations Center (NCOC), around 1,212 cases of coronavirus were reported while 39 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,986.

The total number of cases has reached 1,253,868.

As many as 1,181,054 patients have recovered from the disease with 3,079 critical cases.

Punjab 

The number of patients swelled to 434,139 in the province with 12,724 causalities.

Sindh

The number of infections has surged to 461,258 in the province, while the death toll has reached 7,451.

Khyber Pakhtunkhwa

The confirmed cases have surged to 175,012 in the province with 5,608 casualties.

Balochistan

There are 33,004 confirmed cases while 349 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,278 coronavirus cases in the AJK while the death toll has reached 738. On the other hand, there are 10,338 cases in GB with 186 coronavirus deaths.

Islamabad

There are 105,839 cases in the capital city while 930 people have lost their lives.

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Regional

Public holiday in Karachi as Cyclone Gulab triggers extreme weather warning 

Sindh's administration has announced a public holiday in the megacity on Friday (October 1) amid the in view of extreme weather emergency caused by a tropical cyclone Gulab in the Arabian Sea.

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Public holiday in Karachi as Cyclone Gulab triggers extreme weather warning 

Karachi: Sindh's administration has announced a public holiday in the megacity on Friday (October 1) amid the in view of extreme weather emergency caused by a tropical cyclone Gulab in the Arabian Sea.

Releasing an official notification on Thursday, Commissioner Karachi said that all provincial offices and businesses in Karachi would remain closed today.

The notification also advices general public to take precautions and remain indoors for safety.

In addition, Karachi University has canceled all examinations scheduled for today.  As per Controller Examinations, Dr. Zafar, the new dates for the examinations will be announced later.

However, the holiday will not apply to hospitals, local bodies and compulsory service agencies. 

Meanwhile, the meteorological department has forecast moderate to heavy rains and possibly isolated heavy rains between Friday and Saturday under the influence of deep pressure in the Arabian Sea, which turned into a tropical cyclone today.

A low air pressure system could turn into a hurricane, added the Meteorological Department forecast note.

The Met department, on Sunday, also warned fishermen not to go out to sea until October 3.

Following the situation, Sindh Chief Minister Murad Ali Shah has assigned the duties of overseeing relief and rescue operations to the ministers. 

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Pakistan

COVID-19: Pakistan reports 1,004 cases, 28 deaths

According to National Command and Operations Center (NCOC), around 1,004 cases of coronavirus were reported while 28 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,134.

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COVID-19: Pakistan reports 1,004 cases, 28 deaths

Islamabad: Amid a steady decline in Covid-19 infections, Pakistan's coronavirus positivity ratio further fell to 2.31% with 1,004 new cases.

According to National Command and Operations Center (NCOC), around 1,004 cases of coronavirus were reported while 28 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,134.

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

The total number of cases has reached 1,258,959.

As many as 1,188,562 patients have recovered from the disease with 2,473 critical cases.

Punjab

The number of patients swelled to 436,197 in the province with 12,785 causalities.

Sindh

The number of infections has surged to 462,859 in the province, while the death toll has reached 7,497.

Khyber Pakhtunkhwa

The confirmed cases have surged to 175,974 in the province with 5,645 casualties.

Balochistan

There are 33,076 confirmed cases while 350 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,350 coronavirus cases in the AJK while the death toll has reached 739. On the other hand, there are 10,350 cases in GB with 186 coronavirus deaths.

Islamabad

There are 106,153 cases in the capital city while 932 people have lost their lives. 

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