Monday, 10 December, 2018

China says talks with United States on trade battle have resumed

White House National Economic Council Director Larry Kudlow. Chip Somodevilla  Getty Images White House National Economic Council Director Larry Kudlow. Chip Somodevilla Getty Images
Ellis Copeland | 16 November, 2018, 22:56

"If there is a deal - if and when there is a deal, it will be on President Donald J. Trump's terms. We didn't know that before but that's a certainty".

The FT report also said "signs have emerged" that Lighthizer was "now more involved and participating in the negotiations", though it did not provide evidence or sources for this assertion.

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".

Lighthizer has played a key role in negotiating trade deals with South Korea, Canada and Mexico.

A US Treasury team discussed trade with their Chinese counterparts on Tuesday, a Treasury spokesman said on Wednesday.

U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to impose further tariffs, but he added the situation was still not acceptable to him.

China's Commerce Ministry says high-level trade talks between Beijing and Washington have resumed.

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"We have another $267bn [in tariffs ready] to go, if we want to", he said.

The top USA trade official, Robert Lighthizer, who is seen as one of the more strident trade hawks in the White House, has told industry executives that the next round of tariffs on China is "already on hold", according to a source cited by The Financial Times on Thursday.

The two countries resumed talks after the call between the two leaders, ending a three month hiatus that saw relations deteriorate as the United States accused China of interfering in U.S. domestic politics and seeking to undermine Trump.

Responding to Pence's remarks, Chinese Foreign Ministry spokeswoman Hua Chunying said China had always been a "model student" when it came to respecting global rules and norms.

The Trump administration has been increasingly vocal in its criticisms of Beijing since the USA midterm elections.

Pence also said he believed that Beijing fully understands the U.S.'s position and the seriousness of its stance in the ongoing trade dispute.

"This is one of the major goals that they [Chinese officials] are working hard on - to prevent those tariffs from coming into force early next year".

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