Trump Administration Officials Weigh Various Approaches to China Trade

Trump Administration Officials Weigh Various Approaches to China Trade

Trump Administration Officials Weigh Various Approaches to China Trade

November 15, 2018 (EIRNS)-Weeks before U.S. President Donald Trump and China's President Xi Jinping are scheduled to address the trade issues at Buenos Aires during the G20 meeting at the end of this month, trade talks between China and the United States have begun again.

When asked about slapping tariffs on an additional US$267 billion worth of Chinese goods, the president replied: "We may not have to do that".

In his earlier remarks on China, Pence seemed to offer criticism and a warning to Beijing when he said that "empire and aggression have no place in the Indo-Pacific".

"I actually think he did the president a great disservice", Kudlow said.

Coming amid a downturn in U.S. stocks that has almost erased gains for the year, Trump's comments have led some to speculate that he is trying to influence market sentiment with the positive trade headlines.

China has floated a list of compromises it's willing to consider ahead of the Group of 20 summit in Buenos Aires later this month when Trump and Chinese president Xi Jinping are set to meet for dinner.

Also, the overall list deserves to be looked at with skepticism in part because China has previously made pledges on economic and trade reforms that it had not fulfilled, he said. "But at some point, I think that we are doing extremely well with respect to China", Trump said.

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The relationship between the two countries has deteriorated in recent months, and U.S. Vice President Mike Pence on Tuesday said China needed to change its behavior to avoid a new cold war with the United States.

But solving the tech-related disputes won't be easy as it involves more-complicated concerns over competition and national security, said Tu Xinquan, the executive dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing.

Some firms have even warned that they might have to postpone investment plans if they can not insure a steady supply of material.

"The most probable scenario will see that China and the USA reach some kind of preliminary framework of agreement, where the two sides can drop tariff measures and start to work things out in a more regular, productive way", GRisk's Feng said.

Kristian Rouz - US President Donald Trump, members of his cabinet, and economic advisers are reportedly considering a range of different approaches to tackling what they believe is China's malicious trade practices.

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