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Trump to meet with China trade negotiator

AFP  |  Washington 

US is due to meet Thursday with China's top trade negotiator, a said, as talks resume to keep frictions between the economic powers from becoming a trade war.

China's leads the trade delegation from that also will meet Thursday and Friday with a US team led by "The is meeting with Liu this afternoon," economic told reporters.

"It means that there's great interest here in furthering the deal and furthering negotiations and trying to reach some remedies regarding unfair and illegal trading practices. That's what we want." The US has threatened to impose 25 percent punitive duties on up to $150 billion in Chinese goods while has targeted $50 billion in American exports.

US and US Trade also will participate in the talks, which the said are focused on "rebalancing" trade relations but which have US complaints over how treats American intellectual property at their center.

In Beijing, the commerce ministry said hoped the two sides could resolve the trade frictions during the talks.

"But of course we've prepared a response for various possibilities," said at a Thursday press briefing.

The talks, part of a busy week of trade negotiations and tight deadlines in Washington, have become enmeshed in political intrigue after a Trump considered a hardliner on China was left out.

Trump Peter Navarro, who was seen as having a more dominant role following the departure of economic over trade issues, was left off the list of participants, unlike the talks in two weeks ago.

According to press reports, Navarro sparred with Mnuchin over his handling of the China talks and was barred from attending the meetings this week, but Kudlow downplayed those reports.

Trump has also faced accusations of quid-pro-quo after vowing to soften punitive US sanctions on the Chinese telecoms equipment firm -- an announcement which came after AFP reported that a Chinese state firm would pour cash into a Trump-tied in

Trump, however, has denied "folding" in the US stance toward

The administration also this week is trying to reach a deal with and to revise the 24-year old North American Free Trade Agreement and ease tensions with the over the and aluminum tariffs.

The EU has a temporary exemption from the tariffs but that waiver expires June 1. Ross said he has been discussing the issue with his European counterpart, including the possibility of imposing import quotas on the trade bloc.

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

First Published: Thu, May 17 2018. 23:30 IST