Want to be irresistible to hiring managers? Avoid these 6 resume mistakes at all costs

Never underestimate the power of basic skills such as MS Office, Excel and communication skills. Hiring managers receive piles and piles of jargon-filled resumes that it’s difficult for them to assume what skills you do or don’t have. Play it safe and include even the most basic soft skills, especially the ones that are listed under the “minimum requirements” section of the job listing. Peter Yang is a career expert and the CEO of Resume Writing Services, the parent company of ResumeGo. Before t


Never underestimate the power of basic skills such as MS Office, Excel and communication skills. Hiring managers receive piles and piles of jargon-filled resumes that it’s difficult for them to assume what skills you do or don’t have. Play it safe and include even the most basic soft skills, especially the ones that are listed under the “minimum requirements” section of the job listing. Peter Yang is a career expert and the CEO of Resume Writing Services, the parent company of ResumeGo. Before t
Want to be irresistible to hiring managers? Avoid these 6 resume mistakes at all costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: peter yang, juliano
Keywords: news, cnbc, companies, irresistible, hiring, underestimate, resume, work, managers, yang, youtubedont, basic, mistakes, avoid, skills, piles, timemanagement, writing, worked, costs


Want to be irresistible to hiring managers? Avoid these 6 resume mistakes at all costs

Never underestimate the power of basic skills such as MS Office, Excel and communication skills. (Things to leave out: Leadership, time-management, project scheduling, etc.) Hiring managers receive piles and piles of jargon-filled resumes that it’s difficult for them to assume what skills you do or don’t have. Play it safe and include even the most basic soft skills, especially the ones that are listed under the “minimum requirements” section of the job listing.

Peter Yang is a career expert and the CEO of Resume Writing Services, the parent company of ResumeGo. Before that, he worked as a manager and recruiter for more than 20 years. His work has also appeared in Inc. and Glassdoor.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss:


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: peter yang, juliano
Keywords: news, cnbc, companies, irresistible, hiring, underestimate, resume, work, managers, yang, youtubedont, basic, mistakes, avoid, skills, piles, timemanagement, writing, worked, costs


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stressed about your resume? Here are 4 things to know before hiring a professional writing service

Many services offer unbelievably low rates — but only because they need to in order to sustain a profitable business model. More often than not, a low rate means you’re getting an inexperienced writer who is willing to be compensated for much less. Services typically charge anywhere from $100 to $400, depending on how advanced your resume needs to be. To avoid getting an inexperienced writer, do your research on the service. It also helps to call them to ask for samples and confirm that your ass


Many services offer unbelievably low rates — but only because they need to in order to sustain a profitable business model. More often than not, a low rate means you’re getting an inexperienced writer who is willing to be compensated for much less. Services typically charge anywhere from $100 to $400, depending on how advanced your resume needs to be. To avoid getting an inexperienced writer, do your research on the service. It also helps to call them to ask for samples and confirm that your ass
Stressed about your resume? Here are 4 things to know before hiring a professional writing service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: peter yang, crystal sing
Keywords: news, cnbc, companies, avoid, stressed, getting, hiring, low, writers, know, inexperienced, resume, youre, writer, services, writing, service, things, professional


Stressed about your resume? Here are 4 things to know before hiring a professional writing service

Many services offer unbelievably low rates — but only because they need to in order to sustain a profitable business model. This is usually a red flag. More often than not, a low rate means you’re getting an inexperienced writer who is willing to be compensated for much less. (Believe it or not, some services even hire a fresh-faced grad straight out of college.)

Services typically charge anywhere from $100 to $400, depending on how advanced your resume needs to be. Another trap to avoid is the “$25 resume and a 24-hour turnaround time.” Remember, the writer’s job is to create a compelling document that’s more than just a history of your career, and if they’re not spending more than a few days on your resume, expect to get something very crappy.

To avoid getting an inexperienced writer, do your research on the service. It also helps to call them to ask for samples and confirm that your assigned writer has had some sort of formal training on resume writing, especially in your industry.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: peter yang, crystal sing
Keywords: news, cnbc, companies, avoid, stressed, getting, hiring, low, writers, know, inexperienced, resume, youre, writer, services, writing, service, things, professional


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US, China resume trade talks in Beijing after ‘productive working dinner’

U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies. Mnuchin did not elaborate and it was not immediately clear with whom he had dined on Thursday night. White House economic adviser Larry Kudlow said the United States may drop some tariffs if a trade deal is reached while keeping others in place to ensure Beijing’s


U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies. Mnuchin did not elaborate and it was not immediately clear with whom he had dined on Thursday night. White House economic adviser Larry Kudlow said the United States may drop some tariffs if a trade deal is reached while keeping others in place to ensure Beijing’s
US, China resume trade talks in Beijing after ‘productive working dinner’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: lucy nicholson
Keywords: news, cnbc, companies, productive, talks, resume, tariffs, beijing, dinner, washington, chinese, transfer, united, china, technology, trade, working


US, China resume trade talks in Beijing after 'productive working dinner'

U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies.

Mnuchin and U.S. Trade Representative Robert Lighthizer were in the Chinese capital for the first face-to-face meetings between the two sides in weeks after missing an initial end-of-March goal for a summit between U.S. President Donald Trump and Chinese President Xi Jinping to sign a pact.

“We had a very productive working dinner last night, and we are looking forward to meeting today,” Mnuchin said as he left his hotel to meet with Chinese Vice Premier Liu He, who is due to visit Washington next week to continue the talks.

Mnuchin did not elaborate and it was not immediately clear with whom he had dined on Thursday night.

Trump imposed tariffs on $250 billion of Chinese imports last year in a move to force China to change the way it does business with the rest of the world and to pry open more of China’s economy to U.S. companies.

On Thursday, Chinese Premier Li Keqiang said Beijing will sharply expand market access for foreign banks and securities and insurance companies, adding to speculation that China may soon announce new rules to allow foreign financial firms to increase their presence at home.

White House economic adviser Larry Kudlow said the United States may drop some tariffs if a trade deal is reached while keeping others in place to ensure Beijing’s compliance.

“We’re not going to give up our leverage,” he told reporters in Washington on Thursday.

Mnuchin and Lighthizer greeted a waiting Liu at the Diaoyutai State Guest House just before 9 a.m. (0100) on Friday for what China’s Commerce Ministry has said would be a full day of talks.

Among Trump’s demands are for Beijing to end practices that Washington alleges result in the systematic theft of U.S. intellectual property and the forced transfer of American technology to Chinese companies.

U.S. companies say they are often pressured into handing over technological know-how to Chinese joint venture partners, local officials or regulators as a condition for doing business in China.

The U.S. government says that technology is often subsequently transferred to and used by Chinese competitors.

The issue has proved a tough one for negotiators as U.S. officials say China has previously refused to acknowledge the problem exists to the extent alleged by the United States, making discussing a resolution difficult.

China says it has no technology transfer requirements enshrined in its laws and any such transfers are a result of legitimate transactions.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: lucy nicholson
Keywords: news, cnbc, companies, productive, talks, resume, tariffs, beijing, dinner, washington, chinese, transfer, united, china, technology, trade, working


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Major Asian markets close higher as US-China trade talks resume this week

The Dow Jones Industrial Average gained 91.87 points to 25,717.46 and the S&P 500 added 0.4 percent to 2,815.44 — on track for its best first-quarter performance since 1998. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.129 after rising from lows below 97.0 yesterday. The Australian dollar was at $0.7098 after weakening from the $0.71 handle in the previous session. Oil prices gained in the afternoon of Asian trading hours, as the international benchm


The Dow Jones Industrial Average gained 91.87 points to 25,717.46 and the S&P 500 added 0.4 percent to 2,815.44 — on track for its best first-quarter performance since 1998. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.129 after rising from lows below 97.0 yesterday. The Australian dollar was at $0.7098 after weakening from the $0.71 handle in the previous session. Oil prices gained in the afternoon of Asian trading hours, as the international benchm
Major Asian markets close higher as US-China trade talks resume this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang
Keywords: news, cnbc, companies, markets, treasury, dollar, talks, resume, rose, week, asian, uschina, higher, report, points, close, rising, gained, futures, economic, trade, major


Major Asian markets close higher as US-China trade talks resume this week

Overnight on Wall Street, stocks rose. The Dow Jones Industrial Average gained 91.87 points to 25,717.46 and the S&P 500 added 0.4 percent to 2,815.44 — on track for its best first-quarter performance since 1998. The Nasdaq Composite rose 0.3 percent to 7,669.17.

The moves stateside came following a Reuters report that Chinese officials made unprecedented offers regarding forced technology transfers as well as other major sticking points, as U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing for further negotiations.

The trade standoff between the two economic powerhouses has been closely watched by investors, amid rising concerns of an economic slowdown as the bond market flashed signals that a recession could come soon.

“I think ultimately we will be rewarded with a deal of sorts which both sides will proclaim … as a fantastic victory,” Rob Carnell, chief economist and head of Asia-Pacific research at ING Bank, told CNBC’s “Squawk Box” on Friday.

“The thing to bear in mind is this is a process,” Carnell said. “Whatever we get out of this, it’s nice to say ‘right, okay we’ll draw a line under this bit, now we have to look forward to all the other things that we haven’t sorted out’.”

The 10-year Treasury rate hit its lowest level since December of 2017 on Thursday. This comes after the same bond fell below its three-month counterpart last week — a phenomenon described as a inverted yield curve, seen as an early indicator of a recession.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.129 after rising from lows below 97.0 yesterday.

The Australian dollar was at $0.7098 after weakening from the $0.71 handle in the previous session.

Oil prices gained in the afternoon of Asian trading hours, as the international benchmark Brent crude futures added 0.27 percent to $68.00 per barrel. U.S. crude futures also rose 0.42 percent to $59.56 per barrel.

— CNBC’s Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang
Keywords: news, cnbc, companies, markets, treasury, dollar, talks, resume, rose, week, asian, uschina, higher, report, points, close, rising, gained, futures, economic, trade, major


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The most outrageous resume lies employers have seen—and the 4 secret tactics they use to catch a liar

In fact, a 2017 survey from Careerbuilder found that 75 percent of hiring managers have spotted a lie on a resume at some point in their careers. What’s even more shocking is how outrageous some of those lies were. “Applicant falsely claimed to have a PMI credential when applying for a job at Project Management Institute (PMI), the organization that grants that credential.” “Applicant claimed to be an anti-terrorist spy for the CIA at the same time period he was in elementary school.” Here a few


In fact, a 2017 survey from Careerbuilder found that 75 percent of hiring managers have spotted a lie on a resume at some point in their careers. What’s even more shocking is how outrageous some of those lies were. “Applicant falsely claimed to have a PMI credential when applying for a job at Project Management Institute (PMI), the organization that grants that credential.” “Applicant claimed to be an anti-terrorist spy for the CIA at the same time period he was in elementary school.” Here a few
The most outrageous resume lies employers have seen—and the 4 secret tactics they use to catch a liar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: peter yang, dars
Keywords: news, cnbc, companies, employers, claimed, whats, catch, seenand, pmi, outrageous, liar, wasapplicant, understandable, resume, secret, managers, worked, willing, hiring, lies, tactics, job


The most outrageous resume lies employers have seen—and the 4 secret tactics they use to catch a liar

In 2012, Scott Thompson resigned from his role as CEO of Yahoo — all because he was caught having lied about the details of his college degrees.

Sounds crazy, but this sort of stuff happens quite often. In fact, a 2017 survey from Careerbuilder found that 75 percent of hiring managers have spotted a lie on a resume at some point in their careers.

What’s even more shocking is how outrageous some of those lies were. According to the report, here are the notable ones cited by hiring managers:

“Applicant said he worked at Microsoft, but then had no idea who Bill Gates was.”

“Applicant falsely claimed to have a PMI credential when applying for a job at Project Management Institute (PMI), the organization that grants that credential.”

“Applicant claimed to be an anti-terrorist spy for the CIA at the same time period he was in elementary school.”

“Applicant said he studied under Nietzsche.”

Given what’s at stake, it’s certainly understandable why so many job seekers are willing to take the risk of lying on their resumes, but don’t be so naive to think employers are oblivious when reviewing applications. Here a few tactics hiring managers use to catch liars:


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: peter yang, dars
Keywords: news, cnbc, companies, employers, claimed, whats, catch, seenand, pmi, outrageous, liar, wasapplicant, understandable, resume, secret, managers, worked, willing, hiring, lies, tactics, job


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Resume: How yours can beat the applicant tracking system

There’s a new gatekeeper standing between you and your dream job that you need to please first. Three-fourths of all resumes never even get seen by human eyes, according to a study from job search services firm Preptel. Instead, they’re scanned by a piece of software, known as an applicant tracking system, or “ATS.” So if you want to get hired, you’ll need to beat these bots. It just requires tweaking your resume to deliver exactly what the software system’s been programmed to search for — and n


There’s a new gatekeeper standing between you and your dream job that you need to please first. Three-fourths of all resumes never even get seen by human eyes, according to a study from job search services firm Preptel. Instead, they’re scanned by a piece of software, known as an applicant tracking system, or “ATS.” So if you want to get hired, you’ll need to beat these bots. It just requires tweaking your resume to deliver exactly what the software system’s been programmed to search for — and n
Resume: How yours can beat the applicant tracking system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: kerri anne renzulli, jeinhard via
Keywords: news, cnbc, companies, search, need, recruiters, according, resume, system, job, software, ats, tracking, youmore, youll, beat, applicant


Resume: How yours can beat the applicant tracking system

Job seekers, forget recruiters and hiring managers. There’s a new gatekeeper standing between you and your dream job that you need to please first.

Three-fourths of all resumes never even get seen by human eyes, according to a study from job search services firm Preptel. Instead, they’re scanned by a piece of software, known as an applicant tracking system, or “ATS.” Depending on how highly this machine ranks your resume, you could be first in line for an interview or buried so far down the list recruiters never find you.

More than 95 percent of Fortune 500 companies use an ATS to streamline the recruiting process and keep up with the thousands of applications received weekly, but plenty of smaller employers have embraced the tool too, according to data collected by Jobscan.

So if you want to get hired, you’ll need to beat these bots.

Thankfully, that’s not hard to do. It just requires tweaking your resume to deliver exactly what the software system’s been programmed to search for — and nothing it hasn’t been told to want.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: kerri anne renzulli, jeinhard via
Keywords: news, cnbc, companies, search, need, recruiters, according, resume, system, job, software, ats, tracking, youmore, youll, beat, applicant


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume

Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a


Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a
Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Meanwhile, Trump has reportedly been preparing an executive order to ban Huawei and ZTE from operating in the U.S., which would grant U.S. companies a little more cushion to build their own 5G networks. Now it seems Trump could be reconsidering a ban on Chinese telecoms.

It’s unclear whether a potential ban on Huawei and ZTE would factor into negotiations, but such an executive order would likely invite some bad blood between the world’s two largest economies.

The U.S. and other countries have long feared Huawei’s equipment could be used for spying.

TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. New Zealand and Japan have similar prohibitions in place. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.”

Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will allow all 5G equipment vendors in the country.

U.S. carriers AT&T and Verizon are still activating fledgling 5G networks in select cities, and T-Mobile and Sprint plan to launch theirs later this year. Most experts think it will take until at least 2020 for 5G to become widespread.

Samsung just announced the first phone that will run on the faster network, but it won’t launch until the second quarter of this year.

Trump’s reference to nonexistent “6G” might just be an indication he wants technology to be running full speed ahead, but it’s not something that anyone will be able to use in the near future.

The White House did not respond to a request for comment.

WATCH: Here’s what you need to know about the Huawei debate


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume

Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a


Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a
Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Meanwhile, Trump has reportedly been preparing an executive order to ban Huawei and ZTE from operating in the U.S., which would grant U.S. companies a little more cushion to build their own 5G networks. Now it seems Trump could be reconsidering a ban on Chinese telecoms.

It’s unclear whether a potential ban on Huawei and ZTE would factor into negotiations, but such an executive order would likely invite some bad blood between the world’s two largest economies.

The U.S. and other countries have long feared Huawei’s equipment could be used for spying.

TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. New Zealand and Japan have similar prohibitions in place. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.”

Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will allow all 5G equipment vendors in the country.

U.S. carriers AT&T and Verizon are still activating fledgling 5G networks in select cities, and T-Mobile and Sprint plan to launch theirs later this year. Most experts think it will take until at least 2020 for 5G to become widespread.

Samsung just announced the first phone that will run on the faster network, but it won’t launch until the second quarter of this year.

Trump’s reference to nonexistent “6G” might just be an indication he wants technology to be running full speed ahead, but it’s not something that anyone will be able to use in the near future.

The White House did not respond to a request for comment.

WATCH: Here’s what you need to know about the Huawei debate


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also


Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also
Chinese stocks jump after return from holidays; US-China trade talks set to resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week.

The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. It comes as both Washington and Beijing are attempting to strike a deal on trade before a key March deadline, following which additional tariffs will be slapped on Chinese imports to the U.S.

U.S. President Donald Trump also said Thursday he will not meet with Chinese President Xi Jinping before that deadline.

“The reality is that olive branches, rather than rose stalks, are the best that anyone (anchored to reality) may be looking for,” said Mizuho Bank in a morning note.

It pointed to “restraints” overhanging those talks.

“First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said.

“However, Trump has also categorically stated that there will be no US-China trade deal till he and President Xi have met. Therefore that is as good a guaranteeing that there will be no deal before the US-China truce expires.” That, the note said, not only “contradicts” Trump’s earlier tweets enthusing about a deal in the works, but also “begs the question” of whether that meant higher tariffs on Chinese imports.

One economist told CNBC that the “best case” outcome of the talks would be an “extension of the planned implementation” of the increase in tariffs.

“The problem that we have is that there’s a lot of complacency in the market about assuming that the best case actually happens,” David Mann, global chief economist at Standard Chartered Bank, told CNBC’s “Street Signs” on Monday. “Everyone’s assuming there will be no … further rises in tariffs this year,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US and China to resume trade talks next week in Beijing

“Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks,” Mnuchin said. President Donald Trump said in his State of the Union address on Tuesday that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.” The two sides remain far apart on addressing U.S. demands that China make deep structural changes to its trade and ec


“Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks,” Mnuchin said. President Donald Trump said in his State of the Union address on Tuesday that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.” The two sides remain far apart on addressing U.S. demands that China make deep structural changes to its trade and ec
US and China to resume trade talks next week in Beijing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: chip somodevilla, getty images news, getty images
Keywords: news, cnbc, companies, beijing, mnuchin, talks, resume, purchases, deficit, week, chinese, deal, trade, china


US and China to resume trade talks next week in Beijing

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that he and other U.S. officials will travel to Beijing next week for trade talks, aiming to clinch a deal to avert a March 2 increase in U.S. tariffs on Chinese goods.

Mnuchin said in an interview with CNBC that the talks he and U.S. Trade Representative Robert Lighthizer led in Washington last week with China’s Vice Premier Liu He were “very productive.”

“Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks,” Mnuchin said. “We’re putting in an enormous amount of effort to try to hit this deadline and get a deal. So that’s our objective.”

President Donald Trump said in his State of the Union address on Tuesday that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.”

Trump has vowed to increase U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent currently if the two sides cannot reach a deal by 12:01 a.m. (0501 GMT) on March 2.

The two sides remain far apart on addressing U.S. demands that China make deep structural changes to its trade and economic policies and shrink the U.S. goods trade deficit. The Commerce Department on Wednesday reported the U.S. goods trade deficit with China reached $382 billion through the first 11 months of 2018, eclipsing the $375 billion gap during all of 2017, though the deficit narrowed for the month of November from October.

Trump’s negotiators want Beijing to more strenuously enforce American intellectual property rights, stop cyber-hacking of trade secrets, curb industrial subsidies and end policies that coerce U.S. companies to turn over technology to Chinese competitors as a price of doing business in China’s vast market.

A critical part of any deal, they say, would be a mechanism to verify and enforce China’s follow-through on any commitments it makes.

“We are also very focused on free and fair trade for U.S. companies to have access there and to having a more level playing field which will bring down the trade deficit,” Mnuchin said, though he said there is still have much to do to reach an agreement.

“I don’t think it would be productive to speculate on the outcome because we have a lot of work left to do. … If we can’t get to the deadline, that’s not because we haven’t worked around the clock,” Mnuchin said.

Lighthizer held a closed-door briefing with U.S. senators on Wednesday on the upcoming China talks and the proposed new trade agreement between United States, Mexico and Canada.

“He is optimistic” about the talks with China, said Republican Senator Tim Scott, who was in the meeting. He said Lighthizer told senators that purchases of agricultural products looked to remain a sticking point.

“That’s one of those things, he says, one of those outliers of an issue that still raises real concern, and that he is still looking for ways to continue to address that and hammer on that,” Scott told reporters.

China, which bought about 60 percent of the 2017 U.S. soybean crop, cut off purchases of U.S. supplies during the trade war between the two countries.

China’s Liu, during last week’s talks with Trump, promised further Chinese purchases of soybeans. Since then, Beijing has bought 2.6 million tonnes of the product.

Before the trade war, U.S. sold more than 30 million tonnes of soybeans to China annually.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: chip somodevilla, getty images news, getty images
Keywords: news, cnbc, companies, beijing, mnuchin, talks, resume, purchases, deficit, week, chinese, deal, trade, china


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post