President Xi offers olive branch to America, say analysts

ASA Chairman: “There has to be a Better Way” to Deal with China

US President Donald Trump today exuded confidence about the future of the US and China, saying China will ease trade barriers "because it is the right thing to do".

Top members of Trump's economic team, speaking on Sunday morning talk shows, defended the US threats to impose tariffs on Chinese imports and framed the moves as part of a longer-term strategy for growth - while suggesting a trade war can be averted.

Private sector analysts saw Xi's speech as an overture to help end the biggest trade dispute since World War II.

Xi tried to rank China being a guardian of absolutely free commerce and collaboration in response to Trump's "America first" involves export restrictions and a overhaul of transaction deals to create them even more beneficial into the united states of america.

President Xi Jinping has promised to cut China's vehicle import tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening trade dispute with Washington.

"This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products", Xi said.

China retaliated by announcing similar import tariff on American products. He pledged progress on areas that are US priorities including opening China's banking industry but gave no direct response to Trump's demands such as ending requirements for foreign companies to work through joint ventures that require them to give technology to potential Chinese competitors.

"I don't think there's any trade war in sight", Mr. Kudlow said on "Fox News Sunday".

The China trade issues should be handled in "a much more calculated way", Crowley said.




The latest USA tariffs announced on Chinese exports into the US won't go into effect until sometime in June. But he predicted that the USA may prevail because the Chinese need American goods more than the other way around.

Trump on Friday acknowledged there could be "a little pain " ahead for the US, while emphasizing that his goal is to ensure the USA emerges a much stronger country in the end. "I personally believe this possibility is very small", Zhang said on Sunday in Boao.

It is abundantly clear that the Trump administration believes that unfair trade over several decades is extremely detrimental.

"Xi has succeeded in batting the ball back into the U.S. court, so we now watch and wait for a response", said IG analyst Christ Beauchamp.

"There is a possibility that Trump will use the North Korea card to put pressure on China to resolve the North Korean nuclear issue", he said.

China, which is America's largest foreign creditor and the No 2 overall owner of United States government bonds, also does not appear to be willing to give into the pressure.

"China is opening sectors where they already have a distinct advantage, or a stranglehold over the sector", Short said, citing China's banking industry, which is dominated by domestic players.

Liu He, director of China's Office of the Central Leading Group for Financial and Economic Affairs, left Washington last month after meeting with US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, who has since resigned.

China's stocks are among fund managers' top picks for 2018 as they bet the United States and China will avert a full-blown and potentially costly trade war. United States intelligence officials say that North Korea could be just a few months away from successfully mounting a warhead on a missile that could reach the American mainland. "No, it sounds like STUPID TRADE - going on for years!"

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