Trade Negotiations in Washington: US 'looking for a deal' with China

Trade Negotiations in Washington: US 'looking for a deal' with China

Trade Negotiations in Washington: US 'looking for a deal' with China

ZTE announced last week the USA sanctions would force it to curtail major operations.

"This president has taken China to task for its unfair trade practices", he said. In the past few months, the USA and China have gone back and forth over billions of dollars worth of planned tariffs on each others' goods, and there's hope on both sides that continued talks will cool the escalating trade tensions.

When President Donald Trump announced America's withdrawal from the Iran nuclear deal last week, he emphasized a broader message to foes and friends about us credibility: "The United States no longer makes empty threats".

Another Republican, Senator John Kennedy, defended Trump, saying the president's approach is part of a larger set of negotiations with China.

As of Monday, the USTR's Office has received over 2,700 filings of written comments regarding the administration's tariff approach, with major US business groups opposed to tariffs on Chinese products.

After ZTE failed to take action against company employees involved in the illegal exports, the Commerce Department last month banned USA companies from supplying goods to ZTE for seven years.

Relations between the United States and China have become increasingly fractious with regard to trade.

ZTE had warned last month that the ban on U.S. firms supplying it with components threatened its very survival.

The Wall Street Journal has reported Beijing would back away from threats to slap tariffs on USA farm goods in exchange for easing the ban on selling components to ZTE.

Trade Negotiations in Washington: US 'looking for a deal' with China

In a statement on its website about the seven-year ban, ZTE said it was "unacceptable" that the USA government "insists on unfairly imposing the most severe penalty on ZTE even before the completion of investigation of facts".

Chinese observers were despondent to find that one of their country's top companies, which sells network equipment and cell phones all over the world, is "hollow at its core" and reliant on the USA for its microchips.

The United States is seeking to make a trade deal with China, White House economic adviser Larry Kudlow said on Tuesday as bilateral talks between the world's two economic powerhouses resume in Washington this week. The question is whether that deal will be adequate for Trump to back down from his threat of imposing Chinese tariffs, he said.

"There are many areas where China has promised to do but haven't". This notion is behind Beijing's industrial policy, known as "Made in China 2025". The Chinese government has strongly condemned and firmly opposed the unfounded investigation and the proposed tariffs against Chinese products.

In response, China threatened to impose tariffs on an equal amount of U.S. exports, including agricultural products from Trump's political heartland.

The Chinese Commerce Ministry said State Council Vice Premier, Liu He, would arrive in the USA on Tuesday for trade negotiations. "Creating jobs in China is not one of them". Their proponents can point not only to Asia's main economies as fellow practitioners, but also to a young U.S.

White House sources told The Wall Street Journal that Trump's 180-degree attitude change on ZTE (just two days before Liu's arrival) took many in his inner circle by surprise. "This appears to be yet another violation of the emoluments clause of the Constitution", Painter added, referring to the prohibition against the president receiving payments from foreign governments. "President Trump expects [Commerce Secretary Wilbur] Ross to exercise his independent judgment, consistent with applicable laws and regulations, to resolve the regulatory action involving ZTE quickly based on its facts".

"The U.S. still needs China", he says.

The suggestion outraged members of Congress who have been pressing for more restrictions on ZTE. And "China's economic success depends on continued connectivity to the global economy". Both the USA and Chinese governments are suspicious that each others' chips and phones may contain "back doors", compromising the security of users' data.

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