China will never close its door, says Chinese FM


Trump said Wednesday he hoped to sign a "very comprehensive deal" with Japan soon that means "really big dollars for our farmers and for our ranchers".

Montana's two USA senators offered bipartisan praise for the deal.

"We hope the USA will be consistent in its words and actions, respect China's sovereignty and respect the efforts of Hong Kong. government to stop violence and restore order", Wang said.

Initially, the Japanese government characterized the envisioned deal as a trade agreement on goods (TAG), focused on tariffs on goods.

"Once implemented, the agreement signed today puts USA pork back on a level playing field with our competitors in Japan", said David Herring, a hog farmer from North Carolina who leads the National Pork Producers Council.

In return, Washington has agreed to cut United States tariffs on $40 million in Japanese agricultural goods and to ease tariff-rate quotas on the country's beef, allowing Japan to compete for a greater share of the USA market.

The early October meetings are to include the top trade negotiators from both sides: Chinese Vice Premier Liu He, Lighthizer and US Treasury Secretary Steven Mnuchin.

"What we've really done is lock in the best possible standards you can have", said U.S. Trade Representative Robert Lighthizer. Economists say a short-term deal is probable but a remaining settlement is not likely this yr.

The new bilateral trade talks were launched in response to a request from the Trump administration, which pulled the United States out of the TPP multilateral trade pact among Pacific Rim nations.

Leader rules out possibility of Iran-US talks on any level
The kingdom, though, has not yet said where the attack was launched from or what kind of weapons were involved. Iran says the attacks were launched from Yemen, but the USA and Saudi Arabia have blamed the attacks on Iran.

Japanese auto industry has been a main USA target of blame, and industry officials were hoping to see auto tariffs eliminated TOKYO - Japanese automakers on Thursday urged government officials to do more to support the key industry and their business after their government signed a trade deal with the US that only kept auto tariffs unchanged.

The deal could provide some limited relief for US farmers, who have been battered by China's retaliatory tariffs against USA soybeans, pork and other products in the 15-month-long trade war between Washington and Beijing.

Asian markets were cheered by Mr Trump's positive comments on trade, with Tokyo rising 0.3 per cent, Hong Kong adding 0.2 per cent and Seoul up 0.4 per cent. Shanghai was down 0.7 per cent.

Washington will, in turn, expand its import quota on Japanese beef, and eliminate or reduce tariffs on Japanese produce like soya sauce, persimmons, melons and bonsai.

Trump later praised China's recent agricultural purchases as "goodwill" measures and said a deal with Beijing could come sooner than people think.

Berating the world's third-largest economy for its trade surplus with the USA had been among Trump's favored themes since his election campaign.

Japan is the US's third-largest agricultural export market, and Japanese consumers bought a quarter of American beef and pork exports previous year - $1.6 billion in pork and more than $2 billion worth of USA beef. That deal will eliminate or significantly lower tariffs for American beef, pork, poultry, wheat, cheese, wine, certain nuts and berries, cherries, ethanol and other products.

The two sides had agreed that no such tariffs would be imposed during the talks and Motegi told reporters Monday he didn't believe that the issue should cause concern.

The US has been fighting trade disputes on several fronts over the past year. Sullivan said it is incumbent on UN member states to ensure the world body is able to closely monitor human rights abuses by China, and the agency must seek "immediate, unhindered, and unmonitored" access to Xinjiang for the UN High Commissioner for Human Rights.