U.S. 'will not be bought off' by China soy deal in trade talks: Perdue
WASHINGTON (Reuters) - The United States will keep pressing China for intellectual property safeguards in trade talks, regardless of Beijing's pledge to purchase 10 million tonnes of U.S. soybeans in the near term, U.S
WASHINGTON (Reuters) - The United States will keep pressing China for intellectual property safeguards in trade talks, regardless of Beijing's pledge to purchase 10 million tonnes of U.S. soybeans in the near term, U.S. Agriculture Secretary Sonny Perdue said on Monday.
"Still, the structural core issues of intellectual property transfer have to be dealt with," Perdue told reporters after a speech in Washington. "We will not be bought off as a country over purchases without eliminating some of these non-trade barriers in China."
President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to "productive" trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
The announcement was the clearest sign yet that China and the United States are closing in on a deal to end a months-long trade war that has slowed global growth and disrupted markets.
Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if an agreement between the world's two largest economies were not reached by Friday.
Beijing imposed tariffs last year on imports of U.S. agricultural goods, including soybeans, grain sorghum and pork, slashing shipments of American farm products to China. On Friday, Perdue said China had pledged at a White House meeting to buy 10 million tonnes of U.S. soy.
Asked about the time frame of the 10 million-tonne purchase, Perdue said: "That is near term. The impression I had, it is imminent."
China resumed buying some U.S. soy in December, after Trump and his Chinese counterpart, Xi Jinping, struck a trade war truce, but sales are still way short of the pre-tariff levels.
(Reporting by Humeyra Pamuk; Writing by Richard Valdmanis; Editing by Peter Cooney)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.