China is trying to persuade the United States to drop $360\nbillion in Chinese imports before President Xi Jinping agrees to go to the\nUnited States to sign a partial trade deal with US President Donald Trump,\naccording to people familiar with the matter.<\/p>\n\n\n\n
Negotiators asked the Trump administration to cut tariffs on\nabout $110 billion on goods imposed in September and cut the 25 percent tariff\nrate to about $250 billion that began last year, according to a source on the\ntrade discussions.<\/p>\n\n\n\n
Chinese officials also indicated that the United States\ncould temporarily waive some tariffs, according to people familiar with\nBeijing’s stance. In return, China could remove tariffs on the reciprocal quantity\nof US goods, mostly agricultural products.<\/p>\n\n\n\n
China had earlier demanded that Trump cancel plans to impose\nduties on about $160 billion in imports, which would hit favored consumers such\nas smartphones and laptops.<\/p>\n\n\n\n
The Financial Times reported earlier that US officials were\ndiscussing whether to remove tariffs in September, including clothing,\nappliances and flat-panel displays. The Ministry of Commerce in Beijing did not\nrespond to the comments on China’s position.<\/p>\n\n\n\n
US Trade Representative Robert Lighthizer and other\nofficials have consistently argued that paying $250 billion in goods is a way\nto make sure that China lives up to its obligations and should exist in the\nlong run.<\/p>\n\n\n\n
Chinese President Hu Jintao on Tuesday reaffirmed China’s\ncommitment to economic openness and the global trading system in a speech in\nShanghai, showing a softer tone than his speech to the same conference a year\nago, with some disguised blows to America and Trump’s policies. The two\npresidents are working on a face-to-face meeting to agree on the first phase of\nthe trade deal, which includes Chinese pledges to increase purchases of US\nagricultural products, maintain currency stability and protect intellectual\nproperty.<\/p>\n\n\n\n
China is reviewing US locations, where the Chinese president\nwould meet Trump, the Bloomberg News reported on Monday. Chinese officials had\ninitially hoped the signing would be linked to an official state visit, he\nsaid, adding that no final decision had been made.<\/p>\n\n\n\n
US Trade Secretary Wilbur Ross said at a news conference in\nBangkok on Tuesday that the completion of one phase would help rebuild trust\nbetween the two sides, hoping that the deal would be a prelude to further\ndiscussions.<\/p>\n","protected":false},"excerpt":{"rendered":"
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