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Encouraged by Xi's remarks but want concrete steps to avert new tariff: WH

Press Trust of India  |  Washington 

The today said it was encouraged by the remarks of Chinese but ruled out reversing its recent move to impose 25 per cent tariff on import of products from amounting to USD 150 billion.

"Certainly, we are encouraged by Xi's words, and his kind words.But at the same time, we want to see concrete actions from China, and we're going to continue moving forward in the process and in the negotiations until those happen," told reporters at her daily conference.

The remarks comes after praised Xi for his remarks.

"Very thankful for President Xi of China's kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and We will make great progress together!" Trump tweeted.

The also suggested the same. "We've been clear with the in areas that are of concern to US workers, US companies, and the overall trade balance. We have had those conversations with them, so I think we're looking like we're in a better place," State Department told reporters at her daily conference.

What we may be seeing is coming to terms with some of our concerns about unfair trade practices and the saying. We stand by to engage with you, the government of and President Xi, on that matter, she said.

In his keynote address at the Boao Forum for after he began his second five-year term last month with prospects of continuing in power for life, Xi said, "China's door of opening up will not be closed and will only open wider."

Without mentioning Trump's concern over the huge trade deficit, Xi said China does not seek trade surplus and have a genuine desire to increase imports and achieve greater balance of international payments under the current account.

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

First Published: Wed, April 11 2018. 07:40 IST