BEIJING, Dec 5: Tariffs must be cut if China and the United States are to reach an interim agreement on trade, the Asian nation’s commerce ministry said on Thursday, sticking to its stance that some U.S. tariffs must be rolled back for a phase one deal.
NEW YORK – In the classic game of “chicken,” two drivers race directly toward each other, and the first to swerve is the “loser.” If neither swerves, both will probably die. In the past, such scenarios have been studied to assess the risks posed by great-power rivalries. In the case of the Cuban missile crisis, for example, Soviet and American leaders were confronted with the choice of losing face or risking a catastrophic collision. The question, always, is whether a compromise can be found that spares both parties their lives and their credibility.
BEIJING, Sept 29: China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides.