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Media Report
March 20 , 2019
  • CNN reports, "Trade talks between US and Chinese teams will resume next week after a pause in negotiations, according to an administration official.Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer will travel to Beijing for discussions meant to finalize an agreement between the two countries. It's expected a Chinese delegation, led by Vice Premier Liu He, would then come to Washington for further talks. Negotiations had been on hold as the two sides broached disagreements over enforcement mechanisms in a final deal, as well as intellectual property and technology disputes. Now, according to the official, the two sides hope to reach an agreement to be signed at a late-April summit at President Donald Trump's Mar-a-Lago resort in Florida, where Trump previously hosted Chinese President Xi Jinping in 2017."
  • Reuters reports, "The European Union executive [branch] is urging EU leaders this week to get tough on trade with Beijing and use their 2.4 trillion euro ($2.7 trillion) market in public tenders as leverage to pressure countries such as China to open up. The bloc has sought to avoid taking sides in a multi-billion dollar trade war between Washington and Beijing, but has become increasingly frustrated by subsidies and state involvement in the Chinese economy, and what it sees as the slow pace of change. European Commission Vice President Jyrki Katainen told Reuters that the time was gone when China, the EU's second largest goods trading partner, could argue that it needed to protect its developing economy. 'The old narrative is absolutely obsolete,' he said in an interview. EU leaders will debate relations with China over dinner at a summit on Thursday."
  • The New York Time reports, "Taiwan's president, Tsai Ing-wen, will travel to the South Pacific on Thursday to shore up ties with three island nations that still recognize Taiwan as a country, in an effort to offset China's expanding influence in the region. Only 17 countries recognize Taiwan's government, and among those, Ms. Tsai will be visiting Palau, Nauru and the Marshall Islands. China has been pouring aid and investment into the Pacific islands, raising the question of whether Beijing could strip Taiwan of more of its few remaining diplomatic allies and shrink the self-ruled island's international presence. The Trump administration has sought to push back against China's reach in the South Pacific and Latin America. Australia is also concerned, and last year set aside more money in its budget for Pacific aid. For the small, developing countries that still recognize Taiwan, the primary reason to consider switching recognition to Beijing from Taipei is the aid and investment that China offers. But potential economic benefits may come at a cost, officials and analysts in Taiwan and the United States have warned."
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