• News
  • World

US, Chinese officials try to head off trade war

US, Chinese officials try to head off trade war

Separately, the White House said US Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, and top economic adviser Larry Kudlow, among others, would participate.

The talks, part of a busy week of trade negotiations and tight deadlines, have become enmeshed in political intrigue after an adviser to President Donald Trump, who is considered a hardliner on China, was left out.

China attaches great importance to the role of the U.S. Congress, and is ready to strengthen exchanges with the U.S. legislature, Liu said.

Later, Senate Finance Committee Chair Orrin Hatch, a Republican, sounded a more pessimistic tone over a deal to avert tariffs after he met with Liu. "It was really the beginning of what I think is going to be a lengthy process", he said.

China's Vice-Premier Liu He leads the trade delegation from Beijing.

"Nothing has happened with ZTE except as it pertains to the larger trade deal", Trump wrote on Twitter.

The president surprised many in Washington over the weekend by saying he's working with Xi to help ZTE "get back into business, fast".

"He recognizes there are problems in this trade relationship", Brady said of Liu after the meeting.

The two officials said that Peter Navarro, the White House trade and manufacturing adviser, will not be a principal player on the USA side.

According to press reports, Mr Navarro sparred with Mr Mnuchin over his handling of the China talks and was barred from attending the meetings this week.

He traveled to Beijing with Mnuchin and several others earlier this month, but he was largely marginalized during the visit, said the three people familiar with the visit, who spoke on the condition of anonymity to discuss the internal dynamics.

China said Thursday it doesn't want to see increased trade tensions with the U.S.as the two countries hold talks in Washington this week, but it's prepared for any outcome and will defend its own interests.

Liu, also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, leads a delegation whose members come from major economic sectors of the Chinese government.

Mnuchin and Navarro are both very close to Trump, but have much different viewpoints on trade policy. After the USA unveiled a list of $50 billion in potential tariffs on Chinese products, Beijing responded with plans to implement billions of dollars in reciprocal penalties on US soybeans, cars and other items. China has vowed to retaliate on everything from US soybeans to airplanes. "And his hope for this trip was to begin to address the trade imbalance, increasing demand of Chinese consumers for USA products, as well as to begin to take steps on the structural reforms". -China trade imbalance and other problems with the trading relationship.

Among the USA lawmakers Liu met with were Orrin Hatch, president pro tempore of the Senate and chairman of the Senate Finance Committee and Kevin Brady, chairman of the House Ways and Means Committee.

Leave Your Comment

Leave Your Comment

Latest News

Breaking News


England announce final 23-man squad for 2018 World Cup

Hart , 31 and with 75 England caps to his name, has one year remaining on his contract at City. He'll be 34 at the next World Cup so this was probably his last opportunity.

Vodafone sees turnaround as profits for 2018 hit £2.5bn

Read, who was appointed to his current post four years ago, previously ran Vodafone's Africa, Middle East and Pacific region. He also served on the boards of Vodacom Group and Vodafone India.

Salman Khan to lock horns with Ranbir Kapoor

Anil Kapoor , who has been a part of the previous two Race films as Robert D'Costa, essays the role of bossman Shamsher this time. In close ups, Salman announces how he is ready to go to any length for his family.

Mercedes' bosses want to see my contract extension: Hamilton

Four-time world champions Lewis Hamilton has revealed that even the Mercedes' top bosses want to see his contract extension. If we're not able to see that, we're more than blind, because we didn't have the pace in the first stint.

George Soros Foundation Closing Offices In Hungary

In 2010, Soros gave almost one million euros to help Hungarians affected by the catastrophic "red sludge" industrial disaster. Earlier against Soros and his Foundation in Hungary was launched large-scale campaign.

Facebook suspends 200 apps over data misuse

Chief Technical Officer Mike Schroepfer appeared before the Parliament in place of Zuckerberg , but the committee was not pleased by the move.

Best-Selling Writer Tom Wolfe Dies At Age 88

Wolfe is survived by Sheila Wolfe, his wife of almost 40 years; a son, Tommy Wolfe, and a daughter, Alexandra Wolfe. He moved to New York in 1962 to join the New York Herald-Tribune and remained in the city for the rest of his life.

Iran launched the dialogue on the future of the nuclear agreement

The three European allies and Russian Federation are trying to keep the landmark 2015 accord alive in the wake of U.S. He had earlier talked of just two weeks. "Together, we emphasise our continuing commitment to the JCPOA".

Ariana Grande and Jimmy Fallon perform with Nintendo accessories

On The Tonight Show Starring Jimmy Fallon , pop star Ariana Grande dropped by for another visit. Each instrument in the video is made from only cardboard and a Nintendo Switch.

Nigeria unveils 30-man provisional list for FIFA World Cup

Mikel, Musa, Moses, Onazi and Omeruo were at the 2014 World Cup while Echiejile played at the 2010 edition in South Africa. A final squad of 23 players will be drawn from the provisional squad before the June 14-July 15 tournament starts.