Trade hopes tempered as Chinese firms blacklisted

Trade hopes tempered as Chinese firms blacklisted

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U.S. and China temper hopes of a possible deal ahead of trade talks.

According to the south China morning post, the Chinese delegation may cut its trip short. Negotiators were scheduled to arrive in the capital on Thursday. If no progress is made, U.S. tariffs on $250 billion dollars worth of Chinese goods are slated to rise to 30% from 25% on October 15th. This marks the 13th round of talks between the global powers since last year.

According to Politico, while the President has no interest in a 'partial agreement' he says this week could result in something "very substantial " adding that Beijing wants to make a deal.

As talks in Washington proceed, the White House has moved to blacklist firms over human rights issues. President Donald Trump has blocked U.S. companies from exporting high-tech equipment to eight Chinese firms whose products are used in the surveillance of Muslim minorities in western China. Twenty Chinese government agencies were also put on the list.

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