Larry Kudlow: We're asking China to change its approach

Larry Kudlow: We're asking China to change its approach

The vice premier and other senior Chinese officials, including central bank chief Yi Gang, are in the United States for a second round of trade negotiations.

He said that China and the U.S. have far more shared interests than differences, and China-U.S. relations will grow smoothly when the two countries properly handle each other's core and major interests.

"Secretary Ross, who's in charge of this, has always regarded it as an enforcement issue, not as a trade issue", Kudlow said, adding that nonetheless, Commerce will review the case and "they'll take a look at the remedies".

The White House's harshest China critic, Peter Navarro, will also take part in the talks, reports Bloomberg.

The controversy comes as Trump appears increasingly open to smoothing over differences with China in an attempt to avert a trade war before the midterm elections.

Liu is expected to spend four days in the US for trade talks.

Brady said the issue of ZTE didn't come up during his meeting with lawmakers. He tweeted that he was directing the Commerce Department to ease a seven-year ban on Chinese telecommunications giant ZTE doing business with US companies because he was concerned about too many Chinese jobs being lost.

Nigeria unmoved in FIFA World Rankings, Ghana climb
Among Africa's World Cup-bound sides‚ Tunisia remain number one on the continent (and 14 in the world)‚ followed by Senegal (28). The next ranking on June 7, 2018 - seven day to the commencement of the 2018 Fifa World Cup at the Luzhniki Stadium, Moscow.

Trump is not only at loggerheads with intelligence agency chiefs over the threat that ZTE may pose to USA national security; a move to help the company would also reverse a decision by his own Commerce Department, which last month barred US companies from selling components and software to ZTE for seven years after finding that the firm breached USA sanctions on Iran. Last year, ZTE procured components and software from 211 USA companies. Trump has threatened to impose tariffs on as much as $150 billion in Chinese imports to punish Beijing for violating American intellectual-property rights.

He noted that his ongoing USA visit aims to, according to the consensus of the two presidents, continue in-depth communication with the US side on bilateral economic and trade issues.

USA lawmakers expressed their willingness to maintain good relations with China.

Barring a major breakthrough in this week's talks, tariffs on the initial $50 billion worth of goods could go into effect in the coming weeks or months.

Liu told one group of House lawmakers in a meeting Wednesday that he "recognizes there are problems" in the U.S.

Among the US lawmakers Liu met with were Orrin Hatch, president pro tempore of the Senate and chairman of the Senate Finance Committee and Kevin Brady, chairman of the House Ways and Means Committee.

"His hope for this trip was to begin to address the trade imbalance, increasing demand of Chinese consumers for US products as well as to begin to take steps on the structural reforms that have been raised", Brady said after a roughly 45-minute meeting with the Chinese delegation. "They are really under the radar", said Jeff Fieldhack of Counterpoint Technology Market Research.

Related Articles

  • Google's autoplay update is being reversed after causing issues for unintended targets

    Google's autoplay update is being reversed after causing issues for unintended targets

    The autoplay-video blocker is created to fix one of the greatest problems of the Internet: autoplaying videos on websites. Google is rolling back a recent Chrome browser update that inadvertently broke the audio in many HTML5-based Web games .
    Nadal cruises into Italian Open third round, Thiem exit

    Nadal cruises into Italian Open third round, Thiem exit

    After the match, Pliskova didn't shake hands with the chair umpire and struck the chair several times with her racquet. In the women's tournament, top seeds Simona Halep and Caroline Wozniacki advanced to the third round in straight sets.
    How High Can Oil Prices Go?

    How High Can Oil Prices Go?

    Goldman also said the tight market left “room for OPEC to exit (its production cuts) without significant price impact.”. Zarif's message that Iran hopes China will maintain the levels of imports", said one person briefed on the meetings.
  • BSF soldier killed as India, Pak exchange fire along IB in Jammu

    BSF soldier killed as India, Pak exchange fire along IB in Jammu

    Sharma said Pakistan is their hostile neighbour which always is in a process to infiltrate terrorists into this side. This time it is not going to be an exception. "Pakistan is trying hard to push them into Indian side", he said.
    CBS adds revival of 'Murphy Brown' and new take on 'Magnum PI'

    CBS adds revival of 'Murphy Brown' and new take on 'Magnum PI'

    Take a gander at the shows coming to TV below, and if you're wondering when they'll air, you can check CBS's fall schedule here . CBS announced its fall schedule Wednesday morning, placing the revived sitcom the behind " Mom " at 9:30 on Thursdays.
    Pope Francis decries 'spiral of violence' in Middle East

    Pope Francis decries 'spiral of violence' in Middle East

    He explained that is symbolized the fire of faith passing from the godparents and parents to the child. "I express my great pain for the deaths and the wounded", he said.
  • Trump's Surgeon General Jumps Into Action In Medical Emergency On Delta Flight

    Trump's Surgeon General Jumps Into Action In Medical Emergency On Delta Flight

    Adams tweeted Wednesday afternoon that he was "glad to be able to assist", and said the unidentified patient was doing well. It was not immediately clear what situation Adams was referring to and what happened on the flight.
    Samsung Intros Sunrise Gold & Burgundy Red Galaxy S9

    Samsung Intros Sunrise Gold & Burgundy Red Galaxy S9

    The Burgundy Red edition will be the most hard to find as it will be available in just a few days in China and South Korea . Samsung's rumoured Android Go smartphone is being tested for four markets in the Indian sub-continent, a new report claims.
    Seven sausage dogs maul woman to death at home

    Seven sausage dogs maul woman to death at home

    Most recently, Garcia worked as a housekeeper at the Hilton Inn in Ardmore, Oklahoma, in order to support her family financially. Six of the dogs are believed to have been mixed with a terrier, but one - the biggest and oldest - could be part-border collie.
  • Nintendo Switch's Go Vacation Brings the Vacation to You

    Nintendo Switch's Go Vacation Brings the Vacation to You

    Okami HD for Nintendo Switch releases in North America, Europe, and Japan on August 9, 2018. The game boasts more than 50 mini-games and activities to enjoy.
    OnePlus 6 vs OnePlus 5T: Should you upgrade?

    OnePlus 6 vs OnePlus 5T: Should you upgrade?

    Cameras are arguably the weakest part of any OnePlus phone , but the company seems to have done a great job on paper. In case you were wondering, you're getting the 8GB/256GB RAM and storage combo if you're buying the Avengers model.
    Actress' unborn baby dies after Park Slope crash

    Actress' unborn baby dies after Park Slope crash

    In March, Miles and her daughter, Abigail Blumenstein , were hit when a driver ran a red light in Brooklyn, New York City. Bruns claims she had a seizure before running the red light, which is what ultimately led to the horrific crash.