China appeals to USA to accept its technology progress

China appeals to USA to accept its technology progress

China appeals to USA to accept its technology progress

U.S. Trade Representative Robert Lighthizer will lead a second day of negotiations Thursday with Chinese Vice Premier Liu He, the highest-level talks since Trump met Xi on December 1 and declared a 90-day truce aimed at reaching a lasting deal to end the trade war. "I can tell you on March 1st the tariff on China goes to 25 percent", Trump said at the White House.

The trade talks are the result of an agreement last month between President Trump and Chinese President Xi Jinping to stop the tit-for-tat tariff conflict between the two countries for 90 days starting on New Year's Day.

Trump's comments Thursday - including that an agreement has a "very good chance of happening" - were the clearest articulation he has given so far of his desire to resolve his trade war with China.

While the administration says its prosecution of Huawei is not related to the trade talks, the case illustrates what authorities have described as a long-standing problem in China.

"Hopefully, they're going to buy lots of corn and lots of wheat and lots of everything else that we have, but they're also talking heavy technology, heavy manufacturing services and everything else", Trump said.

Myron Brilliant, executive vice president and head of worldwide affairs at the U.S. Chamber of Commerce, said officials have told him that progress is being made on some issues but not on concerns about forced-technology transfers and other industrial policies.

The Chinese delegation has proposed to the U.S. that Mr Trump meet Mr Xi in the tropical Chinese city of Hainan after his planned summit with North Korean leader Kim Jong Un in late February, the Wall Street Journal reported, citing people briefed on the matter.

On Monday, the US Justice Department announced two indictments against Huawei, accusing the firm of stealing trade secrets, fraud and obstruction of justice.

Meanwhile, Mr Trump, a self-described "Tariff Man", rejected a previous proposal from Beijing to resolve the dispute with increased purchases of U.S. goods.

U.S. President Donald Trump has threatened to withdraw from the global trade body if it doesn't "shape up".

The Trump administration opened high-stakes trade talks with China on Wednesday.

US Commerce Secretary Wilbur Ross, centre left, chats with Chinese Vice Premier Liu He, centre, during a group photograph session after their meeting at the Diaoyutai State Guesthouse in Beijing, June 3, 2018.

Chinese officials are in Washington, D.C., this week for negotiations with top US officials as the world's top two economies seek and end their trade dispute.

He pushed Trump to renegotiate NAFTA and vigorously defended the punitive tariffs imposed on USA imports of steel and aluminum, a protectionist measure that prompted the departure of Trump's former chief economic adviser, Gary Cohn, who was more pragmatic than dogmatic and highly respected by financial markets.

Chinese officials have said their policies do not coerce technology transfers.

Trump took a tough stance with China past year to end Beijing's decades-long protectionist and trade-distorting practices, by imposing tariffs and investment restrictions. New and expanded plants are happening all over the U.S.

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