When a USA delegation led by Treasury Secretary Steve Mnuchin met with officials in Beijing last week, no deal was reached largely because China refused a demand to cut the trade deficit by $200 billion within the next two years.
WASHINGTON (AP) In a surprising overture to China, President Donald Trump said Sunday he would help a Chinese telecommunications company get "back into business", saying too many jobs in China are at stake after the US government cut off access to its American suppliers. "Everyone is looking for some kind of deal", he told Politico in an interview, adding that no agreement had been reached yet.
The Office of the U.S. Trade Representative (USTR) said on Monday that it will hold public hearings on the Trump administration's proposed tariffs on approximately 50 billion U.S. dollars worth of imported Chinese goods from Tuesday to Thursday. "Free and open trade, I think that's the solution".
An even higher-stakes fight looms over American allegations that China steals technology and forces USA companies to hand over trade secrets in exchange for access to the Chinese market.
His comments come as U.S. President Donald Trump's top trade and economic officials prepare to meet with Chinese Vice Premier Liu He to discuss trade concerns ranging from intellectual property protections to farm goods to steel capacity.
Also in April, Trump threatened to introduce extra tariffs on the Chinese imports worth about 150 billion dollars per year.
White House spokeswoman Lindsay Walters confirmed United States officials were in talks with China about the company, saying that Mr Trump expects Commerce Secretary Wilbur Ross "to exercise his independent judgement, consistent with applicable laws and regulations, to resolve the regulatory action involving ZTE based on its facts".
As of Monday, the USTR's Office has received over 2,700 filings of written comments regarding the administration's tariff approach, with major USA business groups opposed to tariffs on Chinese products.
China's first domestically built aircraft carrier begins maiden sea trial
However, a source close to the navy said it was " too early to estimate " when the new ship would be combat-ready. China only has one aircraft carrier (pictured, the ship at its 2007 launch), which is called the Liaoning .
At the Beijing talks, the Trump administration handed China a list of hard-line demands that trade experts said could make it even more hard to resolve the trade disputes. They have been making hundreds of billions of dollars a year from the US, for many years.
The move was announced in a tweet by Trump on Sunday and comes amid pressure from China's government to back off the sanctions on ZTE, a major Chinese government-linked telecommunications giant.
Branstad, speaking at a conference in Tokyo, said the Chinese appeared "taken back" by the significance of the list.
As part of this, they also entered into an agreement with the USA government.
"We're still very far apart", he said.
ZTE should not be operating in the United States and should not have easy access to American technology, Rubio said.
One area the world's two most powerful economies likely won't be able to address during discussions this week is China's practice of what is known as technology mercantilism, in which it distorts policies and systems in order to expand domestic technology production.