U.S. President Donald Trump said Monday he needs to correct a "tremendous" trade imbalance with Japan while meeting with Prime Minister Shinzo Abe, suggesting there may be a major announcement on the issue in August. U.S. President Donald Trump meets with PM Shinzo Abe on May 27 - Photo: AFP "Trade-wise, I think we will be announcing some things probably in August that will be very good for both countries," Trump said at the outset of the leaders' meeting in Tokyo, adding both countries will work to rectify what the U.S president sees as a lack of fairness in his country's economic relationship with Japan. Abe is hosting Trump on a four-day state visit seen largely as ceremonial rather than substantive, hoping to showcase their close personal relationship. The U.S. leader is being received as the first state guest of Reiwa, Japan's new imperial era, and his meeting Monday with Emperor Naruhito, who ascended the throne on May 1, and Empress Masako was one of the highlights. … [Read more...] about US, Japan may unveil progress on trade deal in August
Indo china trade
The Hanoitimes - One of the reasons making Vietnam a key partner of the US is its well-equipped army with the import of advanced weapons over the past years. Washington looks to send second aircraft carrier to Vietnam this year How Vietnam, US heal wounds of war to build up comprehensive partnership? Vietnam, US look to advance maritime security ties Vietnam, US share views on regional peace maintenance Vietnam, US discuss settlement of disputes in East Sea US Assistant Defense Secretary for Indo-Pacific Security Affairs Randall G. Schriver once affirmed that Vietnam has appeared to be a valued partner for Washington in the Indo-Pacific region. Vietnamese Defense Minister Ngo Xuan Lich and US Defense Secretary James Mattis on the sidelines of Shangri-La Dialogue 2018 in Singapore in June 2018. Photo: AP The senior official discussed the US-Vietnam strategic cooperation during a panel at the Center for Strategic and International Studies (CSIS) in … [Read more...] about Why does the US consider Vietnam an important Indo-Pacific partner?
(VEN) - Vietnam should prepare infrastructure and human resources to absorb some of the US enterprises planning to shift production from southern China due to trade tensions between these two economic giants. This was the message delivered at a recent seminar in Ho Chi Minh City by Marie Diron, managing director of the Moody’s Asia-Pacific Sovereign Risk Group. The US Ambassador to Vietnam Daniel J. Kritenbrink A survey conducted in late 2018 by the American Chamber of Commerce found that more than 70 percent of US firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries, among them Vietnam. This emerging trend is just one of the elements auguring the growth of US trade and investment in Vietnam almost 25 years after they began. US help for local SMEs Since the two countries established diplomatic relations in 1995, two-way trade has grown from US$500 million in 1995 … [Read more...] about US trade and investment in Vietnam expected to expand
The U.S. and its allies periodically send planes and warships through the area to conduct "freedom of navigation" operations, intended as a signal to Beijing of their right under international law to pass through the waters claimed by China. According to the Pentagon, the USS Chancellorsville guided-missile destroyer sailed Monday near the Paracel islands, known as Xisha in Chinese, "to challenge excessive maritime claims and preserve access to the waterways as governed by international law." The Chinese military scrambled aircraft and warships, sending out warnings for the American vessel to leave the area. "We urge the U.S. to strengthen the management of its vessels and aircraft that pass by Chinese territory to prevent unexpected events," People's Liberation Army Southern Theatre spokesman Li Huamin said in a statement. China has also lodged a diplomatic complaint with Washington, foreign ministry spokesman Geng Shuang said during a regular press briefing, calling on the U.S. to … [Read more...] about Beijing lashes out at US for South China Sea sail-by
China blames 'excuses' for APEC discord, as U.S. ties sour againThe Saigon Times Daily Leaders attend the retreat session of the APEC Summit in Port Moresby, Papua New Guinea November 18, 2018 – PHOTO: REUTERS BEIJING (REUTERS) - A major Asia-Pacific summit's failure to agree on a communique resulted from certain countries "excusing" protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-U.S. ties ahead of a G20 meet. After months of bickering over a damaging trade war, the disputed South China Sea, which Vietnam officially calls the East Sea, and U.S. support for Chinese-claimed Taiwan, the two nations' presidents took a step back from the edge with an ice-breaking telephone call early this month. While both U.S. President Donald Trump and Chinese President Xi Jinping expressed optimism about resolving their trade war ahead of a planned meeting at the G20 meeting in Argentina at the end of next week, … [Read more...] about China blames ‘excuses’ for APEC discord, as U.S. ties sour again