Xi has list of demands to settle US-China trade war

Ann Santiago
June 30, 2019

During a 80-minute meeting with Chinese President Xi Jinping, Trump agreed not to proceed with plans to impose a 25 percent duty on another $300 billion worth of Chinese goods.

"If Chairman Kim of North Korea sees this, I would meet him at the Border/DMZ just to shake his hand and say Hello (?)!", he wrote.

U.S. President Donald Trump said the talks were "back on track".

China has lashed back with tariffs on $110 billion in American goods, focusing on agricultural products in a direct and painful shot at Mr. Trump supporters in the USA farm belt.

The U.S. president has said he would extend existing tariffs to cover nearly all imports from China into the United States if the meeting brought no progress on wide-ranging U.S. demands for economic reforms.

U.S. President Donald Trump says he will hold off on imposing additional tariffs on China after a meeting with President Xi Jinping that resulted in the stalled trade negotiations getting "right back on track".

China has said the United States is making unreasonable demands and must also make concessions.

In a report a year ago, the Office of the United States Trade Representative accused Beijing of resorting to predatory tactics to challenge American technological supremacy.

At the Group of 20 meeting in Osaka, Japan, Trump and Xi agreed to a cease-fire in the trade conflict.

The United States and China have agreed to resume trade negotiations, easing a protracted row that has fuelled a global economic slowdown.

On Huawei, Trump said the USA commerce department would meet in the next few days on whether to take it off a list of firms banned from buying components and technology from US companies without government approval.

Trump said afterwards that the meeting had gone as well as it could have, and that negotiations with China would continue. China insisted this week that Huawei must be removed from the blacklist under any deal.

Trump said the two will "look at different solutions" to Turkey's planned purchase of the Russian-made S-400 surface-to-air missile system. An escalating trade war would cost billions of dollars to China and the U.S. and would have huge global implications, disrupting world supply chains.

The President responded by increasing tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent - further inflaming relations with China responding by raising their own levies on USA imports.

United States firms can again deal with Huawei.

It is now unclear if the new announcement means Google will lift its forthcoming Android ban on Huawei and begin trading with the firm again.

Observers had expected Xi and Trump so call a truce and at least agree on a date for more detailed discussions, as Trump attempts to limit the economic fallout at home in the run up to the 2020 presidential election. "We're going to work with China where we left off", he said.

Trump had threatened to extend existing tariffs to nearly all Chinese imports into the United States if the meeting brought no progress on wide-ranging US demands for reforms.

Still, it's unclear whether they can overcome differences that led to the collapse of a previous truce reached at the G20 in November.

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