Cease-fire in US-China trade war doesn’t bridge differences

Cease-fire in US-China trade war doesn’t bridge differences

The United States has imposed 25% import taxes on $250 billion in Chinese products and is threatening to target another $300 billion - a move that would extend the tariffs to virtually everything China ships to the United States.

Mr Trump on Saturday announced American companies would "continue" to do business with the beleaguered tech giant.

Xi, for his part, recounted the era of "ping-pong diplomacy" that helped jump-start U.S. But Trump on Saturday sounded much more optimistic about the future, even appearing to rebut the notion in his administration - repeated two days ago by acting Defense Secretary Mark T. Esper - that China is a long-term strategic competitor. "Cooperation and dialogue are better than friction and confrontation".

Trump had his first face-to-face sit-down with Saudi Arabia's Mohammed Bin Salman since the US intelligence community concluded that the crown prince directed the grisly murder of Washington Post columnist, and American resident, Jamal Khashoggi previous year. He has long sought to minimize the crown prince's role in Khashoggi's murder, and has been reluctant to criticize the killing of the royal critic at a Saudi consulate in Turkey a year ago.

Trump also met Saturday with Turkish President Recep Tayyip Erdogan, an ostensible North Atlantic Treaty Organisation ally whom the US sees as drifting dangerously toward Russia's sphere of influence. "Donald Trump suggests he would allow #Huawei to once again purchase US technology!"

With Erdogan, Trump said the leaders will "look at different solutions" to Turkey's planned purchase of the Russian-made S-400 surface-to-air missile system.

Relations between the USA and China soured at the beginning of May when a near-deal crumbled after Washington officials accused China of reneging on some of its promises.

"Turkey has been a friend of ours", Trump said.

USA microchip firms in particular "are selling products that are widely available from other countries".

A day earlier, Trump met with Russia's Vladimir Putin and, with a smirk and a finger point, jokingly told him, "Don't meddle with the election".

The company's fate has become central in the ongoing US-China trade battle.

He has said the new tariffs, which are paid by USA importers and usually passed onto consumers, might start at 10 per cent.

President Donald Trump's decision to allow expanded sales of US technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top White House aide said on Sunday.

China hawks close to the Trump administration quietly say Trump has recently done more to threaten China's hold on manufacturing and tech supply chains than any prior president.

Several observers noted, though, that markets may remain somewhat cautious because of unpredictable nature of the Trump Administration and the stop-and-start history of trade talks between the two countries. "Huawei is one of few potent levers we have to make China play fair on trade", said Senate Minority Leader Chuck Schumer, D-N.Y.

In a report previous year, the Office of the United States Trade Representative accused Beijing of resorting to predatory tactics to challenge American technological supremacy. Jacob Parker, vice-president of China operations at the U.S. The bill blocks transfer of sensitive technology to China and prevents Chinese state companies from receiving USA federal funds. The world's two largest economies are in the midst of a bitter trade war, which has seen them level increasingly severe tariffs on each other's imports.

Under the cease-fire scenario, existing tariffs and counter-tariffs on many of each other's goods would remain in place. The tete-a-tete between the United States and Chinese leaders - the first since the last G20 in December - cast a long shadow over this year's gathering in Osaka. "We are also relieved that President Trump has reconsidered his threat to impose additional tariffs, which would have accelerated harm to all American consumers, workers, and businesses of all sizes".

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