As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi

Thursday, US President Donald Trump praised his relationship with Chinese President Xi Jinping as officials from the world’s 2 largest economies began trade talks in Beijing.

A deal to fundamentally change China’s economic policies is viewed possible during the 2 days of talks, though a package of short-term Chinese measures could delay Washington’s decision to impose tariffs on about $50-B worth of Chinese exports.

The discussions are being led by US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. They are expected to cover a wide range of US complaints about China’s trade practices, from forced technology transfers to state subsidies for technology development.

As Secretary Mnuchin arrived, President Trump Tweeted: “Our great financial team is in China trying to negotiate a level playing field on trade! I look forward to being with President Xi in the not too distant future. We will always have a good (great) relationship!”

The US Embassy in Beijing said the US delegation planned to meet Chinese officials on both days, in addition to US Ambassador Terry Branstad, before leaving Friday evening.

In Washington, the US-China Business Council (USCBC) which represents American companies doing business in China, said it was pleased the 2 governments were talking and urged a deal to end forced technology transfers and improve China’s intellectual property protections.

Chinese Foreign Ministry spokeswoman Hua Chunying said at a briefing in Beijing: “The outcome should be mutually beneficial and Win-Win.”

 “The US wants greater access to China’s market, but it should not use trade actions as a battering ram to force China to open its doors. It is already in the process of opening them wider,” Xinhua, the English-language newspaper said.

In doing so, China expected Washington to reciprocate and open its market to Chinese investment and competition, it said.

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