US Treasury Secretary Steven Mnuchin said Thursday he was “cautiously optimistic” about the chances for reaching an agreement with Beijing.
The discussions about some kind of agreement come as the White House holds wide-ranging internal debates about ways to boost economic growth heading into 2020 as data suggest a clear slowdown with the trade wars having an obvious impact, especially on manufacturing.
“We have a deputies meeting planned in the next two weeks where the Chinese will be coming here and they’ll be working on material in advance of the vice-premier coming here in the beginning of October to meet with the Ambassador [Robert] Lighthizer and myself,” Mnuchin said on CNBC’s Squawk Box.
“So, we look forward to hopefully making progress the next few weeks.”
Mnuchin also indicated that the October meeting could be key to reaching an agreement, if positive signals coming out of Beijing are to be believed.
“We need to rebalance this relationship, and they acknowledge it,” Mnuchin said. “So, if China comes here with a proposal that makes sense, we will consider it. We will take it to the president. And again, I’m cautiously optimistic. I take the Chinese in good faith that they want to come here with a deal.”
United States President Donald Trump told reporters outside the White House on Thursday that he would be willing to consider an interim trade agreement with China, even though he is more in favor of reaching a “whole deal.”
Earlier, media reported the US government is mulling an interim trade deal with China in order to avoid tariffs on American goods. The White House later denied such a plan is under consideration, calling the information “absolutely not true.”
China’s lead negotiator puts ‘trade balance’ at top of agenda as Trump flirts with idea of ‘interim deal’
China’s top trade negotiator, Vice-Premier Liu He, has named the top items on the agenda for talks in Washington next month as the US-China “trade balance, market entry and investor protection”.
The comments suggest that China will steer talks clear of more challenging issues such as structural reform and security issues, focusing instead on less deep-rooted issues such as purchases of American agricultural goods.
https://www.scmp.com/economy/china-economy/article/3027043/chinas-lead-negotiator-puts-trade-balance-top-agenda-trump
Exclusive: Ahead of trade talks, China makes biggest U.S. soybean purchases since June – traders
The soybean purchases, which at more than 600,000 tonnes were the largest by Chinese private importers in more than a year, are slated for shipment from U.S. Pacific Northwest export terminals from October to December, two traders with knowledge of the deals said.
https://www.reuters.com/article/us-usa-trade-china-soybeans/exclusive-ahead-of-trade-talks-china-makes-biggest-u-s-soybean-purchases-since-june-traders-idUSKCN1VX2ER
Čini se da se na brodarima sprema savršena oluja, od svih vijesti koje se dešavaju istovremeno!!!
Dry bulk rates continue to impress. The Panamax September futures contract is currently trading at the highest level in 10 years for any month, now well above 17,000.
Dry bulk rates continue to impress. The Panamax September futures contract is currently trading at the highest level in 10 years for any month, now well above 17,000. #shipping #drybulk $BDRY pic.twitter.com/M7BEEIVDAh
— Dry Bulk ETF (@DryBulkETF) September 12, 2019
China and US exhausted by trade war – considering limited agreement
The US-China postal war may end. The most difficult issues can be postponed in the next round of negotiations. China opens the borders for US agricultural products with low penalties.
CHINA: ENCOURAGES COMPANIES TO BUY AMERICAN AGRICULTURAL PRODUCTS -HU
Oslo (TDN Direct): The editor of The Global, Hu Xijin, seen as a voice speaker for China, writes on Twitter on Friday that the government is encouraging Chinese companies to buy a certain amount US agricultural products, which will also be exempt from additional tariffs.
“The hope is that the US side can maintain reciprocity and benevolence with China through practical actions,” he writes.
And Joakim predicts (almost) a doubling of ship values over the next 3 years. What happens to the course then? In addition to the bold dividends that are rolling in for the future?
https://twitter.com/JHannisdahl/status/1171704516447789056/photo/2
The secondhand dry bulk sale and purchase market eased back in the past few days in line with the chartering market taking a bit of a breather this week after reaching decade-highs at the start of the month. The slowdown doesn’t seem to worry brokers, however, who believe the momentum of healthy rates will continue while the uncertainty in the market has shrunk.
There has been an increasing interest from many buyers for panamax vessels around 15 years old, while handysizes have not quite followed the upward trend of the freight market in recent months and there has been a major depreciation of 10-year-old handy bulkers.
Regulating the speed of ships is back in the news with France’s president, Emmanuel Macron, stating publicly on Saturday that the initiative was his number one environmental goal.
Emmanuel Macron puts ship speed regulation at the top of his environmental agenda
China to add US soy, pork to tariff exemptions list – state media
Some American agricultural products, including soy and pork, will be added to the list of goods that will be exempted from tariffs, China’s Xinhua reported on Friday citing official sources.
The report added that Beijing is encouraging Chinese companies to buy US farm goods, over a month after they were stopped in retaliation to new tariffs announced by Washington.
The recent tariff exemptions list published by China’s Customs Tariff Commission did not include agriculture products, which United States President Donald Trump said are expected the be purchased by Chinese firms.
https://www.teletrader.com/china-to-add-us-soy-pork-to-tariff-exemptions-lis/news/details/49504870?internal=1
Danas je praznik u Kini, čini mi se, pa tamo danas nema promjene indeksa
BudFox
13.-15.09.-PRAZNIK u Kini
Festival sredine jeseni
Zanimljivo, za sve brodare je preporuka BUY
https://pbs.twimg.com/media/EEC1_4WWkAAOJBk.jpg:large
Cleaves is a privately owned ship broking and independent financial services
group of companies with a 40 year history focusing on shipping, offshore,
energy, commercial real estate and financial services.
BDI -0.82%, 2.312
Capesize -1.27% to $33,996
Panamax +0.15% to $17,077
Supramax 58k tons -0.35% to $14,675
Handysize -0.1% to $10,049
😁👍👋😀👌🏃♀️👼💪✌👏😂😉🤞
p.s. Samo za osamljene pijedince 👏👋
Kina je s Argentinom nakon 30 godina dogovorila uvoz soje……na Hrt4 maloprije…..
Alongside the capacity reduction process, the growing focus on building a cleaner economy is promoting recycling as part of the government’s push to improve the quality and efficiency of steel
production. In fact, the government is aiming to increase the usage of steel scrap in the steelmaking process from 11% in 2016 to 20% by 2020 and 30% by 2025.
If the Chinese government manages to reach the
target set for steel scrap usage, and assuming available steel production capacity of one billion tonnes operating with an 80% utilisation rate, pig iron demand in 2025 is estimated to be 21% lower
than in 2017. This implies that more than 230 million tonnes of iron ore will be substituted by steel scrap, equivalent to one-fifth of China’s
seaborne imports of iron ore in 2017.