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It’s good to talk, but US-China tensions are far from over

03 November 2018
It’s good to talk, but US-China tensions are far from over

Both sides reported that they had constructive discussions on North Korea and trade, with Chinese state media saying that Trump supported "frequent, direct communication" between the presidents and "joint efforts to prepare for" the planned meeting on the sidelines of the Group of 20 summit, which is scheduled to take place from from November 30 to December 1.

President Donald Trump teased a prospective trade deal with China on Friday, but many analysts are skeptical the trade war is going to end anytime soon.

Kudlow said a meeting between Trump and Chinese President Xi Jinping later this month at the G-20 summit was definite and would include trade talks.

"China very much wants to make a deal", Trump told reporters in Washington just hours after his top economic adviser expressed caution about talk of a possible US-China trade agreement. Washington, Europe and other trading partners say those violate China's market-opening obligations and some American officials worry they might erode U.S. industrial leadership. At a campaign rally in Columbia, Missouri, he later said "they want to make a deal".

"There was the belief overnight that we were close to a trade deal with China and now it looks like that is not the case".

But Trump struck a more affable tone on Twitter after the phone call with Xi.

The Trump administration also has taken action to hit the Chinese semiconductor industry, indicting two companies accused of stealing trade secrets and banning U.S. software and equipment exports to one of them.

The two countries already have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to slap tariffs on the remainder of China's $500 billion-plus exports to the United States if the disputes can not be resolved.

The two countries have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to put tariffs on the remainder of China's US$500 billion-plus exports to the United States if the disputes can not be resolved.

In comments in state media, Xi said he hoped China and the United States would be able to promote a steady and healthy relationship, and that he was willing to meet Trump in Argentina.

"We will see what happens at the G20 and with Liu's talks, but I am not optimistic that anything momentous will come out of this", Zimmerman said.

The two countries have imposed tariffs on hundreds of-billions of dollars of each other's goods and Trump has threatened to put tariffs on the remainder of China's $500-billion-plus exports to the United States if the disputes can not be resolved.

President Donald Trump's steep tariffs on billions of dollars worth of Chinese products don't seem to be particularly effective at re-balancing trade.

"Both leaders attach great importance to China-US ties and economic ties", Lu said.

The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods. In Beijing Trump's move was seen as an insult to Xi, who sent a personal emissary to Washington for the negotiations, and cemented a view that Trump's real goal is to thwart China's rise.

China has responded with retaliatory duties on $110-billion worth of US goods.