Published: Wed, May 16, 2018
Medicine | By Melba Vasquez

White House adviser - United States wants China trade deal as talks resume

White House adviser - United States wants China trade deal as talks resume

"ZTE, the large Chinese phone company, buys a big percentage of individual parts from USA companies", Trump tweeted Monday.

The delegation members include Governor of the People's Bank of China Yi Gang, Vice Chairman of the National Development and Reform Commission Ning Jizhe, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs Liao Min, Vice Foreign Minister Zheng Zeguang, Vice Minister of Industry and Information Technology Luo Wen, Vice Finance Minister Zhu Guangyao, Vice Minister of Agriculture and Rural Affairs Han Jun, as well as Vice Minister of Commerce and Deputy International Trade Representative Wang Shouwen.

Tom Cotton, R-Ark., has written a invoice banning the US authorities from contracting with ZTE or one other China telecom, Huawei, used Trump's most popular mode of communication to criticize Trump's said curiosity in easing penalties on ZTE.

This week's meetings follow U.S.

But he offered an olive branch in calling on US officials to revisit penalties for Chinese company ZTE Corp for flouting USA sanctions on trade with Iran and North Korea.

Senate Minority Leader Chuck Schumer of NY lambasted Trump for going easy on a company that violated US sanctions. The department said ZTE had misled regulators: Instead of disciplining all employees involved in the sanctions violations, Commerce asserted, ZTE had paid some of them full bonuses and then lied about it.

"We're still very far apart", he said.

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Trump's unexpected announcement Sunday came as the two countries prepared for additional trade talks in Washington this week.

Trump has long-promised to crack down on China and raised concerns about an all-out trade war after threatening $150 billion in tariffs and prompting China to retaliate.

"He's anxious about the midterms and the impact of his trade policy on farmers", Perry said. "Trump may have recognized that backing off on ZTE clears the path for him to claim at least a partial victory in the US-China trade dispute based on the concessions the Chinese seem prepared to offer". "That (ZTE) tweet maybe teed up the visit by Mr. Liu".

"He talks a big game on China", Schumer said.

Senators on either side of the aisle are urging President Donald Trump to not go straightforward on Chinese language telecom firm ZTE after pleasant tweets over the previous few days prompt he's keen to raise sanctions on the agency.

At the White House, spokesman Raj Shah said Trump's request for Ross to re-examine the issue was part of a "give and take" with the Chinese.

Branstad, speaking at a conference in Tokyo, said the Chinese appeared "taken back" by the significance of the list.

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Kudlow also said that the United States and China should both take down trade barriers as part of any agreement.

Rubio said China won't play by the rules.

ZTE said last Wednesday in a public filing that it has halted "major operating activities" after a U.S. ban against the company became effective.

Chinese President Xi Jinping's special envoy and Vice Premier Liu He arrived in Washington on Tuesday afternoon for economic and trade consultations with the USA side at the invitation of the US government. "The more we can work things out, the better it's going to be not just for USA and China, but for the entire world economy", he said. The block on ZTE was a heavy blow for the company but also hurt the US companies it buys from. A number of retailers reported Tuesday that the U.S.is discussing lifting the ZTE penalties to keep away from agricultural sanctions China is making ready to impose on the U.S. -China trade talks in Beijing earlier this month where the two countries failed to reach an agreement on the long list of USA demands. ZTE has asked the department to suspend the seven-year ban on doing business with USA exporters.

The surprising move came less than a month after the USA imposed a ban on American firms selling components and services to ZTE.

China on Monday welcomed Trump's comments. "We are now in close communication over details of the implementation". "He has my support", Kudlow said, adding that no agreement had been reached yet.

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