'China doesn't intend to play Game of Thrones on world stage'


With Japan's $5 trillion economy, this Agreement will expand US food and agricultural exports, increase farm income, generate more rural economic activity, and promote job growth.

"We hope the USA will be consistent in its words and actions, respect China's sovereignty and respect the efforts of Hong Kong. government to stop violence and restore order", Wang said.

"Good economic data is fighting with political noise and good data is winning", said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee.

"As long as the agreement is implemented faithfully, Section 232 will not be applied".

Trump has sought to pressure China into reducing trade barriers by increasing U.S. tariffs on Chinese products.

Japan wanted a commitment from the USA that Trump would not impose tariffs on Japanese cars, which would be a serious blow to one of the country's major industries.

"I want to know who's the person who gave the whistle-blower the information because that's close to a spy", Trump said, according to the Times, which cited a person briefed on what occurred who had notes of what the President said.

He said strengthened strategic communication, enhanced strategic mutual trust, proper control of differences, and continuous promotion of cooperation are fully in line with the interests of the two countries and the world.

He said later, after signing a limited trade deal with Japanese Prime Minister Shinzo Abe, that there was a good chance of reaching an agreement with China.

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In June 2018, Washington imposed the first round of tariffs on Chinese imports, prompting Beijing to respond in kind.

-China trade tensions might be easing as markets largely brushed off concerns about impeachment moves against Trump.

In exchange for the removal of taxes on Japanese automobiles, Japan would in turn decrease tariffs against beef imported from the USA from 38.5 percent to 9 percent.

-China trade relations lingered on Thursday after Trump said in the prior session that a trade deal between the USA and China could arrive sooner-than-expected.

Investors focused on a whistleblower report that said Trump abused his office in trying to solicit Ukraine's interference in the 2020 US election for his political benefit, and that the White House tried to "lock down" evidence about that conduct.

Japan is the US's third-largest agricultural export market, and Japanese consumers bought a quarter of American beef and pork exports a year ago - $1.6 billion in pork and more than $2 billion worth of U.S. beef. This group of products includes wine, cheese and whey, ethanol, frozen poultry, processed pork, fresh cherries, beef offal, frozen potatoes, orange, egg products and tomato paste.

Japan will see reduced or eliminated tariffs on a small amount of agricultural goods, including cut flowers and soy sauce, and a wide range of industrial goods, including steam power turbines, machine tools, bicycles and musical instruments.

The digital trade agreement largely follows the U.S. model of internet development, prohibiting taxes on cross-border digital downloads and rules requiring so-called data localisation - the storing of data on devices physically present within a country's borders, the USTR said.

Abe needs to fulfill his responsibility to answer these and other questions about the trade agreement, which he has failed to do so far, during the autumn extraordinary Diet session that will start next month. While China opens wider to the United States and the rest of the world, the country expects the United States to do the same to China and remove all unreasonable restrictions, he added.