{"id":5872,"date":"2018-12-30T15:24:58","date_gmt":"2018-12-30T15:24:58","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/china-says-it-is-ready-to-work-with-us\/"},"modified":"2018-12-30T15:24:58","modified_gmt":"2018-12-30T15:24:58","slug":"china-says-it-is-ready-to-work-with-us","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/china-says-it-is-ready-to-work-with-us\/","title":{"rendered":"China says it is &#8216;ready to work with US&#8217;"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Trump and Xi walk together\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/4090\/production\/_104982561_mediaitem104982560.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">EPA<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Xi Jinping and Donald Trump are trying to solve a trade tariff war<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">China has said it is &#8220;ready to work&#8221; with the US, suggesting progress in trade talks between the two countries.<\/p>\n<p>It said it would be willing to work with the US to &#8220;implement the important consensus&#8221; reached at December&#8217;s G20.<\/p>\n<p>At the Buenos Aires summit the two countries agreed to suspend new trade tariffs for 90 days to allow for talks.<\/p>\n<p>China&#8217;s statement comes after <a href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-46710858\" class=\"story-body__link\">President Donald Trump tweeted &#8220;big progress&#8221;<\/a> was being made in relations after a call with Chinese President Xi Jinping.<\/p>\n<p>In Saturday&#8217;s tweet, the US president said &#8220;talks were moving along very well&#8221;.<\/p>\n<p>Sunday&#8217;s statement from Lu Kang, the spokesperson for the country&#8217;s foreign ministry, appeared to confirm President Trump&#8217;s optimism.<\/p>\n<p>&#8220;China stands ready to work with the US to implement the important consensus reached by President Xi Jinping and President Trump in Argentina, expand co-operation on the basis of mutual benefit, manage differences on the basis of mutual respect,&#8221; Mr Lu said.<\/p>\n<p>Prior to the G20 meeting in Argentina,<a href=\"https:\/\/www.bbc.co.uk\/news\/business-45037252\" class=\"story-body__link\"> the US had warned it was considering<\/a> 25% tariffs on $200bn (\u00a3152bn) of Chinese goods &#8211; more than double the 10% initially planned.<\/p>\n<p>The White House says the tariffs are a response to China&#8217;s unfair trade policies, which Mr Trump blames for helping to create a huge trade deficit.<\/p>\n<h2 class=\"story-body__crosshead\">What&#8217;s the background to the trade war?<\/h2>\n<p>Mr Trump campaigned for president on a pledge to make trade fairer for the US, and repeatedly blamed China&#8217;s trading practices for making American manufacturers less competitive.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"http:\/\/www.bbc.co.uk\/news\/business-45899310\" class=\"story-body__link\">US-China trade war in 300 words<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45011587\" class=\"story-body__link\">The impact of tariffs on two US firms<\/a><\/li>\n<\/ul>\n<p>The US imposed tariffs on a number of Chinese products, including consumer and industrial items such as handbags and rice.<\/p>\n<p>China responded in kind, and both sides &#8211; the world&#8217;s two largest economies &#8211; ended up imposing tariffs on billions of dollars of goods.<\/p>\n<figure class=\"media-with-caption\">\n<div class=\"player-with-placeholder\">\n            <img decoding=\"async\" class=\"media-placeholder player-with-placeholder__image narrative-video-placeholder\" src=\"https:\/\/ichef.bbci.co.uk\/images\/ic\/720x405\/p06tzlsd.jpg\"\/><\/p>\n<p>Media playback is unsupported on your device<\/p>\n<\/p><\/div><figcaption class=\"media-with-caption__caption\"><span class=\"off-screen\">Media caption<\/span>Has Trump kept his promises?<\/figcaption><\/figure>\n<p>The US has hit $250bn of Chinese goods with tariffs since July, and China retaliated by imposing duties on $110bn of US products.<\/p>\n<p>Tariffs ended up raising costs for American companies. Analysts say this is one of a number of factors that have put pressure on markets in recent weeks.<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<h2 class=\"story-body__crosshead\">What&#8217;s changed in recent weeks?<\/h2>\n<p>In early December, Mr Xi and Mr Trump met after the G20 summit in Buenos Aires for the first time since their trade war started.<\/p>\n<p>Mr Trump agreed not to boost tariffs on Chinese goods from 10% to 25% on 1 January, and the US said China would buy a &#8220;very substantial&#8221; amount of agricultural, industrial and energy products.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46417571\" class=\"story-body__link\">What Trump and Xi&#8217;s temporary truce means<\/a><\/li>\n<\/ul>\n<p>The details of that deal are yet to be ironed out, however.<\/p>\n<p>Negotiators from both countries have been in touch over recent weeks and face-to-face talks could take place in January.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46714985\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright EPA Image caption Xi Jinping and Donald Trump are trying to solve a trade tariff war China has said it is &#8220;ready to work&#8221; with the US, suggesting progress in trade talks between the two countries. It said it would be willing to work with the US to &#8220;implement the important consensus&#8221; reached &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5872"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5873"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}