High-level trade talks with US has resumed, keeping close contact: China

High-level trade talks with US has resumed, keeping close contact: China

"We are willing to negotiate with the US", Chinese Premier Li Keqiang said at an event Tuesday in Singapore, adding that the talks should be carried out on the basis of mutual respect and good faith. "The channels are now open again, but there's a lot of work to get to - whether it's a modest de-escalation or ceasefire".

Lighthizer has played a key role in negotiating trade deals with South Korea, Canada and Mexico. "But it will depend on both sides". Even Commerce Secretary Wilbur Ross raised doubts earlier this week over whether the governments could reach a deal anytime soon.

"China has long agreed to make concessions: import as many USA goods as possible and greatly relax local market access for US companies". "If it was just tariffs, I think we could work it out very, very, very quickly". Top US officials have sent conflicting signals in recent weeks.

Since then, lower-level discussions have been held and US National Economic Council Director Larry Kudlow on Tuesday said that the two sides were in touch "at all levels".

The Trump administration hiked tariffs on $250 billion of Chinese goods over complaints Beijing steals or pressures foreign companies to hand over technology as the price of market access.

The top U.S. trade official, Robert Lighthizer, who is seen as one of the more strident trade hawks in the White House, has told industry executives that the next round of tariffs on China is "already on hold", according to a source cited by The Financial Times on Thursday. Trump has rejected deals negotiated by aides such as Mnuchin and Ross that were focused on increasing purchases rather than substantive reforms.

Navarro, the toughest China critic in the White House, gave a fiery speech on China Friday.

The tariff rate on $200 billion in Chinese goods is set to increase to 25 percent from 10 percent on January 1.

Mr Pence said China must offer concessions on a wide range of issues including intellectual property theft, forced technology transfer, restricted access to Chinese markets, respect for global rules and norms, efforts to limit freedom of navigation in worldwide waters and Chinese Communist Party interference in the politics of Western countries.

Navarro has been an influential advocate inside the administration for tougher China policies.

"This is a follow up to Pence's speech at the Hudson Institute, which was widely seen as a announcing a full frontal cold war stance with China, and that follows itself from the publication of the National Defense Strategy at the beginning of this year, which obviously changes the priorities of United States foreign security policy", Woodward told hosts Brian Becker and John Kiriakou. But some argue the tariffs aren't the best way to address the problems.

The United States has consistently sought concessions from China on intellectual property and technology, as well as tariffs on imports of U.S. goods.

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