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Media Report
March 13 , 2019
  • Financial Times reports, "US President Donald Trump's trade chief has warned that negotiations to end the tariff war with China were at risk of failing, saying 'major, major issues' needed to be resolved before an agreement was reached, and he could not 'predict success at this point'. Speaking before the Senate finance committee on Tuesday, Robert Lighthizer, the US trade representative, said that talks with Beijing had intensified and probably entered their 'final weeks', as the two countries haggle over structural reforms and enforcement provisions. But Mr Lighthizer indicated that a deal could not be taken for granted. 'We're either going to have a good result or we're going to have a bad result before too long, but I'm not setting a specific timeframe and it's not up to me,' Mr Lighthizer said. 'I'll work as hard as I can, and the president will tell me when the time is up, or the Chinese will,' he added."
  • The Wall Street Journal reports, "The European Union moved Tuesday to recalibrate ties with China, promising to address growing threats to trade, economic growth and security posed by Beijing's global assertiveness. In a sharp shift from attitudes just two years ago, when China was seen as a potential partner in maintaining global rules and institutions following President Trump's election, the EU's executive arm labeled Beijing an 'economic competitor' in critical fields such as the development of 5G networks and a 'systemic rival' politically. The assertions, made in a European Commission strategy paper that could stir unease among China's allies in the bloc, put Brussels' approach toward Beijing closer to the U.S. assessment of China as a major strategic rival. Under Mr. Trump, U.S.-China ties have been roiled by trade fights, tensions over North Korea and Beijing's regional ambitions."

  • Bloomberg reports, "The second fatal crash of a Boeing Co. 737 Max aircraft in less than five months is creating a new hierarchy in aviation safety. Thrusting to the top: China. Three days after an Ethiopian Airlines jet crashed, killing all 157 people on board, country after country ignored assessments by the U.S. Federal Aviation Administration that the plane is safe to fly. Canada agreed it was too early to act but many fell into line in growing numbers behind the first major nation to ground its 737 Max fleet -- China. In doing so, long-time American allies including the U.K. and Australia broke convention by snubbing an authority that has defined what's airworthy -- and what's not -- for decades. New Zealand, the United Arab Emirates and Vietnam on Wednesday became the latest countries to block the 737 Max, helping legitimize China's early verdict on March 11 that the plane could be unsafe."
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