You are here: Home » Reuters » News
Business Standard

Trump tweets: China has 'much to give' in trade negotiations

Reuters  |  WASHINGTON 

(Reuters) - U.S. said in tweets on Wednesday that "nothing has happened" with China's Corp and that has "much to give" on trade, denying suggestions that his administration was "folding" in negotiations with

Trump on Monday had defended his decision to revisit penalties on for flouting U.S. sanctions on trade with Iran, in part by saying it was reflective of the larger trade deal the is negotiating with

"Nothing has happened with except as it pertains to the larger trade deal," Trump said on

"We have not seen China's demands yet, which should be few in that previous U.S. Administrations have done so poorly in negotiating. The U.S. has very little to give, because it has given so much over the years. has much to give!"

The has yet to reveal any details of trade talks expected this week between a delegation led by China's Liu He, the top economic adviser to Xi Jinping, and senior officials.

Liu is due on Capitol Hill on Wednesday afternoon for meetings with members of the trade-focused House as well as with Orrin Hatch, congressional aides said.

U.S. lawmakers on Tuesday rejected any plan by Trump to ease restrictions on ZTE, calling the firm a security threat and vowing not to abandon a Commerce Department ruling that bans sales of American components and software to the company for violating terms of a sanctions settlement deal.

The ban has caused ZTE to cease operations, and Trump on Sunday tweeted that he had instructed the to take steps that would restore ZTE's ability to operate.

A group of 33 Democratic senators signed a letter urging Trump to instead focus on strategies to change China's trade practices, such as eliminating market-distorting subsidies and forced

"Offering to trade American sanctions enforcement to promote jobs in is plainly a bad deal for American workers and for the security of all Americans," wrote the senators, led by Senate "America's policies toward China should put American workers, farmers and businesses first, not China's."

Trump tweeted on Wednesday: "There has been no folding as the media would love people to believe, the meetings haven't even started yet!"

(Reporting by and David Lawder; Editing by and Susan Thomas)

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

First Published: Wed, May 16 2018. 22:12 IST
RECOMMENDED FOR YOU