Trump to discuss trade with China's Xi as talks continue

Clay Curtis
May 11, 2018

China wants the U.S.to stop an investigation into the country's acquisition of sensitive American technologies.

U.S. President Donald Trump and Chinese President Xi Jinping agreed Tuesday to keep sanctions on North Korea until the regime "permanently" dismantles its nuclear weapons program, the White House said.

"The president has a great relationship with President Xi and we are working on something we think will be great for everybody", Sanders said in Washington.

The U.S. Trade Representative might impose the duties after a public comment period ends May 22.

Iowa, a midwestern US state, sits between the Missouri and MS rivers, exported almost 2 billion USA dollars in soybeans to China in 2016, which made up about 4 percent of the state's economy, according to Des Moines Register citing a study by Moody's.

Russia calls on Iran, Israel to hold dialogue
Russian President Vladimir Putin on Wednesday expressed his "deep concern" over Donald Trump's withdrawal from the 2015 deal. The White House said May 9 that new sanctions would be announced probably as early as next week, but gave no details.

Vice Premier Liu He - considered Xi's right-hand man on economic issues - is due in Washington next week after he led talks in Beijing last week with a high-level United States delegation that made little headway in resolving the standoff.

Last week, a seven-member USA delegation returned to Washington and briefed Trump on their meeting with Chinese counterparts.

Commerce Secretary Wilbur Ross said Thursday that China appeared to be open to reducing its trade deficit with the U.S.by as much as $200 billion within two years, along with other White House demands. The high-level meetings are "constructive moves in the right direction" to resolve the tensions, she said.

China's top economic official, Vice Premier Liu He, is scheduled to visit Washington next week to resume negotiations sparked by the Trump administration's threat to impose tariffs on up to $150 billion of Chinese imports. China has warned that $50 billion in U.S. goods are targeted for tariffs and vowed to fight to the end.

Trump also reiterated his commitment to ensuring that the US and China have a balanced investment and trade relationship, according to the statement.

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