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Trump, Lighthizer discuss China, NAFTA trade talks - White House

Reuters  |  PALM BEACH, Florida 

By Steve Holland

PALM BEACH, (Reuters) - was briefed on Saturday by envoy on with and talks on revising the North American Free Agreement with and Mexico, a said, as the administration considers several new tariff moves in coming weeks.

The meeting comes as Trump mulls whether to impose broad restrictions on and aluminum imports and punitive actions against arising from an investigation into Beijing's alleged theft of intellectual property.

Lighthizer also briefed Trump on China's economy and pending enforcement actions, as well as the negotiations, said in a statement from Florida, where Trump is staying at his Mar-a-Lago resort. She did not provide details.

Lighthizer currently is preparing for the next round of talks in has taken a hard line in the negotiations, which appear stalled with just two rounds of left, saying that concessions are the only way for and to keep the deal.

this week welcomed Trump's suggestion that talks could be extended beyond March when Mexico's campaign kicks into high gear.

Trump's opportunity to impose new tariffs or quotas follows a Commerce Department Section 232 investigation that looked into whether imports are a threat to national security. The department submitted the long-awaited report to the on Thursday.

Next week, the results of a separate investigation of rising aluminum imports will go to the

China's excess production capacity for both and aluminum has emerged as a major irritant for the and Europe, prompting them to consider new steps to protect domestic industries and jobs from a flood of Chinese imports.

Meanwhile, reported on Friday that exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution.

A synchronized uptick in the global economy over the past year has been a boon to and much of trade-dependent Asia, with Chinese exports in 2017 growing at their quickest pace in four years.

The sharp December imports slowdown, however, is raising concerns that the world's second-biggest economy faces domestic-demand pressure as authorities turn off cheap credit and restrict speculative financing.

(Reporting by Steve Holland; Writing by Lesley Wroughton; Editing by and Bill Trott)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 14 2018. 08:48 IST