Markets rise on hopes of US-China trade deal

President Trump shared a rather upbeat message Sunday morning suggesting that negotiations with China will be successful after threatening the country with tariffs

China denied President Xi Jinping's pledge to further open the country's economy amounts to concessions in a trade spat with the United States, and warned it was ready to hit back at any new USA protectionist moves.

Hong Kong stocks rose the most in almost a month on Tuesday, as Chinese President Xi Jinping's pledge to further open up the economy helped to soothe fears of a trade war with the United States.

Trump's move last week to threaten China with tariffs on $50 billion in Chinese goods was aimed at forcing Beijing to address what Washington says is deeply entrenched theft of USA intellectual property and forced technology transfers from U.S. companies.

Mr Xis' speech comes amid rising trade tensions between China and the United States following a week of escalating tariff threats sparked by US frustration with China's trade and intellectual property policies.

China claims the duties of 25 percent on imports of steel and 10 percent on imports of aluminum products breach global trade rules.

Recent US deployments of aircraft carriers, backed by destroyers, to perform freedom of navigation exercises to Beijing's territorial claims are reassuring allies but also prompting concerns with China's own show of force in the busy waterway.

Chinese President Xi Jinping's speech at the Boao Forum appears to have gone down well with investors across Asia. "In one way or another, they can help us to deter any threat", Bautista said, adding that the American military presence helps secure vulnerable Philippine waters. "It's the first time that Xi in a major statement like this has committed to more equal terms for the automobile trade", says Stephen Ezell, director of global innovation policy at the Information Technology & Innovation Foundation.

ENERGY: Benchmark U.S. crude rose $1.47, or 2.3 percent, to $64.89 a barrel in NY. He reiterated general pledges to open up financial services, strengthen intellectual property rights protection, and improve the investment climate in order to attract more foreign investment. Chinese President Xi Jinping seems committed to matching Trump step for step as the two countries circle to the beat of a trade war. Record level of United States crude production also counters efforts by the Organization of Petroleum Exporting Countries (OPEC) and its allies to curb output and drain a global glut. "If the United States takes any action to escalate the situation, China will not hesitate to fight back".

"What you are seeing in the market is an alleviation of trade war fears and people trying to get back in and reposition themselves for what they hope - no trade war", said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in NY. He added that he doesn't blame China, but American leaders for creating a "lopsided" set of trade rules. That can make a significant difference in developing countries, where the government often accounts for most sales of computer software, medical equipment and other high-value goods.

President Xi has spoken on numerous occasions along these lines, for instance, as chair at the Group of 20 Hangzhou summit in September 2016, in Davos and in Geneva in January 2017, and in the course of his 19th Party Congress address in October 2017, Gupta said. Much of the White House's tariffs target the policy, known as Made in China 2020.

"We will not bully our neighbours", the president said.

He said "Cold War mentality" and arrogance had become obsolete and would be repudiated. "Arrogance or self-righteousness can only bump into walls at every turn".

Related News:



Most liked

Semenya wins 800m gold at Commonwealth Games
The night's last event, the women's 100-meter hurdles, was expected to be Australia's moment. It was a great fight - Danniel deserved to win. "She's young, she's strong, she's in shape".

Oklahoma teachers end strike with school funding goal unmet
I thought these kids are just being rambunctious, I thought they just needed an out. "We can't call it a success just yet". The teacher-led rebellion over low wages and funding cuts has spread from West Virginia to Arizona, Kentucky and Oklahoma.

Netflix, Inc. (NASDAQ:NFLX) Analyst Ratings as of April 13, 2018
Now the hedge fund run by Eashwar Krishnan is holding 1.67M shares, compared to the 1.17 million from the previous quarter. Barton sold 700 shares of Netflix stock in a transaction on Thursday, April 5th. (NASDAQ:NFLX) for 1,725 shs.

Arizona House moves to hike teacher pay, governor may follow
He has also said he would cancel some of the planned spending in his budget and use savings from government efficiencies. That also was created to show that, like counterparts in West Virginia and Oklahoma, they would consider a strike.

Mother-Daughter Day: Kylie Jenner, Stormi Wear Matching Outfits For Midday Stroll
The pair appeared to be taking a stroll around Jenner's neighborhood. The news didn't seem to prevent Jenner from showing off her curves.

Palestinians continue to demonstrate on Israel-Gaza border
On Friday Mr Lieberman said there were fewer riots on our border because "the other side" had understood Israel's resolve. Palestinians protesters burned pictures of Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump.

Jaguar Land Rover to cut production and staff in Solihull
The automotive industry has warned of the impact of Brexit and a fall in demand for diesel cars amid concern over emissions. New auto sales fell 5.7 per cent in the United Kingdom in 2017 - the first decline in registrations for six years.

'Dancing With The Stars' Announces Its All-Athlete Cast For Season 26
See which other sports greats - from basketball legend Kareem Abdul-Jabbar to snowboarder Jamie Anderson - will be competing. She'll be joined by well-known softball player Jennie Finch Daigle , who will spin around the ballroom with Keo Motsepe.

Tornado Watch and Blizzard Warning issued in Kansas
In Grand Island, the storm prompted organizers for ACT testing to cancel the Saturday exam date at Grand Island Senior High. Sunday: There's a 50 percent chance of precipitation with new snow accumulation of less than a half inch possible.

Restaurant serves up $30 tarantula burgers
- Arbitrary holidays and commemorative months have managed to fill our calendars with reasons to celebrate. As of this writing, eight people - four men and four women - have enjoyed Bull City's tarantula burger.

Taylor Swift Releases Two Recordings for One-Time Enemy Company Spotify
Specifically, her " September " cover is the latest (and highest profile) installment in the platform's Spotify Singles series .

Swedish Academy head resigns amid sexual misconduct allegations at Nobel group
While they cannot technically resign, they can stop participating in the Academy's activities. However, the investigation related to some incidents was continuing, prosecutors confirmed.

Ander Herrera Uncertain About His Future At Manchester United
Mancunian Jesse Lingard was reportedly a sort of most important the sledging as Metropolis collapsed after the break. City are 13 points clear at the top of the table, however, and will surely seal the title sooner rather than later.

Football Manager Touch receives first call up from Nintendo Switch
Those who have played Football Manager titles before will be familiar with the football management simulation. A wealth of clauses and transfer options arm you with more ways than ever to finalise that blockbuster deal.

Green-Haired, Genital-Breathing Turtle Added to Endangered Reptiles List
Almost 20 years later, John Cann, a Sydney-based turtle enthusiast, rediscovered the turtle in the Mary River in Queensland. The building of dams and collection of eggs for the pet trade have led to the decline of the species , according to EDGE.