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“There’s some discussions and information that we received that the Chinese government – the top of the Chinese government wished to pursue talks,” Kudlow said. “And so, Secretary Mnuchin, who is the team leader with China, has apparently issued an invitation.”. Two people familiar with the effort said Mnuchin’s invitation was sent to his Chinese counterparts, including Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping, for talks in coming weeks.
Asian shares advanced on Thursday on hopes that a deal could be struck in the bitter tariff dispute between the world’s two largest economies, In mother of pearl and lapis blue key cufflinks China, the yuan jumped and stocks rose, The Trump administration is preparing to activate tariffs on $200 billion worth of Chinese goods, hitting a broad array of internet technology products and consumer goods from handbags to bicycles to furniture, It was unclear whether any U.S.-China talks would delay the duties, Kudlow earlier told reporters outside the White House that communications with Beijing had “picked up a notch” and added he saw that as “a positive thing.”..
“I think most of us think it’s better to talk than not to talk, and I think the Chinese government is willing to talk,” Kudlow said. Asked if the Trump administration would like to have additional trade talks with China, Kudlow said: “If they come to the table in a serious way to generate some positive results, yes, of course. That’s what we’ve been asking for months and months.”. But he cautioned: “I guarantee nothing.”. The timing and location of the proposed meeting were unclear, the sources familiar with the matter said. Mid-level U.S. and Chinese officials met on Aug. 22 and 23 with no agreements.
A U.S, Treasury spokesman did not respond to requests for comment, The invitation was first reported by the Wall Street Journal, A meeting among Cabinet-level officials could ease market worries over the escalating tariff war that threatens to engulf all trade between the world’s two largest economies and raise costs for companies and consumers, So far, the United States and China have hit $50 billion worth of each other’s goods with tariffs in mother of pearl and lapis blue key cufflinks a dispute over U.S, demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back industrial subsidy programs and better protecting American intellectual property..
U.S. President Donald Trump said last week that in addition to preparing tariffs on the further $200 billion worth of goods, he had tariffs on an additional $267 billion worth of goods ready “on short notice if I want.”. China has threatened retaliation, which could include action against U.S. companies operating there. U.S. business groups are escalating their fight against Trump’s tariffs, with over 60 industry groups launching a coalition to put political pressure on the Trump administration to seek alternatives to tariffs.
SEOUL (Reuters) - The chief executive of South Korea’s LG Display (034220.KS), Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm’s main manufacturing plant last spring, So he donned a pair of goggles, picked up a hammer, and smashed a liquid-crystal display screen to bits, The symbolism was impossible mother of pearl and lapis blue key cufflinks to miss: LCD panels, the company’s mainstay for years, were being relegated to the industrial dustbin, The company’s future would depend on a newer technology, organic light-emitting diode, or OLED..
“I’ve never seen him do such a thing,” said one company official who was present. “His performance showed a grim determination to weather this crisis.”. Yet LG Display’s predicament was in many ways one of its own making. Less than a year earlier, the company had showered employees with perks and bonuses as profits rolled in, driven by the company’s leadership in LCD screens for TVs, computer monitors and smartphones. But LG Display had misread the market: Chinese competitors were coming on strong, and by early this year prices for LCD screens were plummeting. The fat profits of 2017 turned into big losses in 2018 - and the company abruptly announced in July that it would slash $2.7 billion in capital spending it had planned through 2020.
It did not reveal its total or previous targets but made about $6 billion in capital expenditures in 2017, according to Eikon data, The company’s troubles stand as a stark example of the risks inherent in hotly competitive technology businesses that require massive mother of pearl and lapis blue key cufflinks capital investment, “It seems that LG Display made a major miscalculation on its LCD business, not accurately judging the timing to pull away when they could see China’s rapid catch-up,” said Lee Won-sik, an analyst at Shinyoung Securities..
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