Negotiators Are In Beijing For Talks On Ending U.S.-China Trade War

Audio will be available later today.

April 30, 20195:03 AM ET

Heard on Morning Edition

Treasury Secretary Steven Mnuchin has been suggesting that the U.S. and China are closing in on a trade deal. NPR's David Greene talks to Erin Ennis, of the U.S.-China Business Council.

https://www.npr.org/2019/04/30/718546513/negotiators-are-in-beijing-for-talks-on-ending-u-s-china-trade-war?t=1556615373579

We're closing in on a deal!

Reuters

"DAVOS

APRIL 29, 2019 / 4:47 PM / UPDATED 2 HOURS AGO

IMF's Lagarde expects U.S. and China to reach trade deal

Svea Herbst-Bayliss, Matt Scuffham

BEVERLY HILLS, Calif. (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Monday she expects the United States and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy.

Christine Lagarde, Managing Director and Chairwoman of the International Monetary Fund speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake

“I would say ‘Yes’,” Lagarde said at the Milken Institute Global Conference when asked whether talks between the world’s two largest economies would end in a deal.

Washington and Beijing have been engaged for the past year in a trade war marked by tariffs on billions of dollars in goods and threats of escalation. The talks are now at a critical point.

U.S. Treasury Secretary Steven Mnuchin was scheduled to speak at the conference on Monday but is headed to China instead for talks.

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Lagarde was the first speaker at the annual Milken Institute’s conference, which draws 4,000 attendees including some of the world’s most powerful thinkers and trendsetters to discuss finance, health care and other topics.

Other speakers during the three-day conference include the chiefs of financial powerhouses Goldman Sachs, Blackstone Group, State Street Corp as well as top investors including Steven A. Cohen, Thomas Barrack and Ken Griffin and prominent pension funds and endowments.

In a wide-ranging interview, Lagarde said she does not see the U.S. economy dipping into a recession in the wake of last week’s news that it grew at a stronger-than-expected 3.2 percent annualized pace in the first three months of 2019.

Concerns have been mounting over a global slowdown, particularly in China and Europe, and the prospect that the decade-long U.S. bull market might be coming to an end.

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But the strong U.S. GDP growth data may prompt leaders to reassess the health of the economy, she said. Lagarde cautioned, however, that more data is necessary before making a more definite call.

Even as inflation has been largely in check, a situation she called “highly mysterious,” Lagarde said she expects price pressures to pick up “gradually and slowly” in the coming months, in part fueled by rising oil prices.

When asked whether she would like to continue as IMF chief when her current term is up in 2021, Lagarde said, “I’m looking at my options.” The former French politician was named IMF chief in 2011.

Editing by Chizu Nomiyama and Paul Simao

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https://www.reuters.com/article/us-milken-conference-lagarde/imfs-lagarde-expects-us-and-china-to-reach-trade-deal-idUSKCN1S51LP

Imponerende at Wacker kan produsere for fullt etter ramp-up i 2018 i Charleston. De har 20.000MT annual capacity der. 80.000MT totalt, med sine to fabrikker også i Tyskland. I følge Bernreuter er de/var de verdens største produsent inn i 2018. Og etter brannen i Tennesse i 2017, har de nå også fått endelig oppgjør fra forsikringen.

"...as all production plants were running a full utilisation". https://www.pv-tech.org/news/wackers-polysilicon-losses-mount-in-q1

Vennligst referer til analyser når dere hevder at det er "velkjent" at ASP skal bunne akkurat i april 2018. Det kan da ikke være så vanskelig. I Kina så klart, for ROW finnes jo ikke.

Rec har bygd et monster av en fabrikk... — som produserer det samme som Moses Lake, og som det etter enkeltes mening ikke er marked for?! Jeg tror det er genialt å ha en produsent inne i Kina som baner vei for FBR, så skal det nok bli avsetning for rec også, bare de får spille på like vilkår.

Nei, den opphører ikke, men som i de fleste andre bransjer så er den bundet til tilbud og etterspørsel. Det har i flere år vært og er fortsatt alt for stort tilbud. Og dette evinnelige maset om tilgangen til Kina, REC har der bygd et monster av en fabrikk og i tillegg så er nå prisene flatet ut.
Wacker beskriver dette greit i sin Q1 rapport. Og har tilgang til Kina via Europa.

Det er meldt for lenge siden at april 2019 ville inneha de laveste polysil prisene. Dette er ingen overraskelse. Produsenter stenger ned og vi kommer til å se konsolideringer. Virker ikke veldig smart han, Blekkndekker, som kommer med sin analyse i slutten av april. Dette har vært kjent i markedet i mange måneder. Polysilprisene begynner å stige i mai, Blekkn..., så vet du det.

Så din tese er at polysilikonproduksjon opphører globalt? ..... super analyse og konklusjon. Håper du kommer tilbake og forklarer hvorfor din analyse slo til..... eller ikke

Kinesere i hvite ? eller ikke, ML er det bare å stenge ned først som sist. Wacker slapp akkurat blodrøde tall for q1 og de ser ingen lys i tunnelen og i tillegg så har de tilgang til det Kinesiske markedet:
Major polysilicon producer Wacker Chemie has continued to be impacted by record low polysilicon prices, due to overcapacity and weak demand caused by China’s ‘531 New Deal’ and lack of new support policies in China since June, 2018.

Wacker’s polysilicon division reported first quarter 2019 revenue of €211.1 million, up from €188.6 million in the previous quarter, due to volume growth as all production plants were running a full utilisation.

"BUSINESS NEWS

APRIL 25, 2019 / 10:04 PM / UPDATED 4 HOURS AGO

Trump says China's Xi will soon come to White House"


https://www.reuters.com/article/us-usa-trade-china/trump-says-chinas-xi-will-soon-come-to-white-house-idUSKCN1S12NW