China says talks with United States on trade battle have resumed

US china trade war might settle after G-20 summit

Chinese officials have outlined a series of potential concessions to the Trump administration for the first time since the summer as they continue to try to resolve a trade war, according to three people familiar with the discussions.

Xi and Trump are due to meet this month at a gathering of the Group of 20 major economies in Argentina. "That'll set if there is going to be a real framework", he said at the ribbon-cutting for Cheniere Energy Inc.'s new liquefied natural gas export terminal in Corpus Christi, Texas. She said "many jobs will be lost in the U.S".

Still, the reformulated offer - which includes easing restrictions on foreign investment and eliminating requirements for joint ventures with Chinese partners in some sectors - raises the stakes over whether the two sides will be able to strike a framework agreement in the two weeks ahead of the G20 summit.

Even Commerce Secretary Wilbur Ross raised doubts earlier this week over whether the governments could reach a deal anytime soon. "If it was just tariffs, I think we could work it out very, very, very quickly".

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.

In a speech to a Washington think-tank on Friday, Peter Navarro - a White House trade adviser who is one of the most outspoken China hawks in the administration - warned "Wall Street" bankers not to get involved in shuttle diplomacy with Beijing.

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The Trump administration has already slapped tariffs on $250 billion in Chinese products since July.

He advised the Chinese government to come with concrete proposals that address all the issues now going on with the U.S. including respect for worldwide rules and norms, rampant intellectual property theft, forced technology transfer and restricted access to Chinese markets.

Future trade talks could hinge on whether or not tariffs rise on January 1.

In this context, Pence singled out "rampant 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".

In our copyright material "Impact on the world economy: a trade war United States and China", noted that the deterioration in trade relations between the superpowers US and China is on the rise.

USA stocks struggled to hold early gains on Tuesday after oil prices slumped, just as hopes were rising for progress in the American-China trade dispute. "But it will depend on both sides". They pose a dilemma for US importers who must decide whether to absorb the higher cost of the goods or pass it on to consumers, and some exporters are hurting from China's retaliatory tariffs.

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