Friday, 17 August, 2018

Chinese vice premier arrives in USA for economic, trade consultations

White House trade and manufacturing adviser Peter Navarro a member of the U.S. trade delegation to China leaves a hotel in Beijing Chinese vice premier arrives in USA for economic, trade consultations
Ellis Copeland | 17 May, 2018, 12:22

U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross will lead the U.S. delegation in talks with Chinese Vice Premier Liu He, a second U.S. official said.

"We hope the related departments quickly take real action", said Gao, while relaying some of China's other demands such as fair and equitable treatment for Chinese products and investment. But another senior White House official said that while the three men won't be part of the official delegation, they will participate in the negotiations.

Liu is leading China's trade delegation in the United States this week according to a release from the White House detailing this week's meetings. Navarro - a hardliner against China - cursed at Mnuchin and fumed about being shut out of the talks, the sources said.

Kudlow told Breitbart News Saturday radio listeners last weekend that the team never expected to leave China with a trade deal but that talks did go more positively than some media outlets have reported.

Bloomberg reports that White House trade adviser Peter Navarro has been cut out of talks in part because of recent behavior that was described as erratic and unprofessional. The White House pinned focus of the talks to "rebalancing the United States-China bilateral economic relationship".

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Navarro was brought on to the Trump campaign in 2016 after Jared Kushner, Trump's son-in-law, came across the economist's book, "Death By China", during an Amazon search.

Before officials traveled to Beijing for talks, the USA issued a series of demands, including that China reduce its trade surplus with the U.S.by $200 billion in two years.

The U.S. congressmen said that formal talks with the administration were due to begin on Thursday. "Nothing has happened with ZTE except as it pertains to the larger trade deal", Trump said.

US Treasury Secretary Steven Mnuchin will lead trade talks with China due to take place on Thursday and Friday as the countries try to head off a trade war. Trump has threatened to impose tariffs on as much as $150 billion in Chinese imports to punish Beijing for violating American intellectual-property rights.

Liu told one group of House lawmakers in a meeting Wednesday that he "recognizes there are problems" in the U.S. Additionally, lawmakers took the Chinese to task for alleged transfers of USA intellectual property to Chinese firms. However, some witnesses are also using the opportunity to ask the Office of the U.S. Trade Representative to include additional items on the list. "So, it's really hard to know at this point what to expect from an outcome because it could be anything - or nothing, I guess", she said.

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