Trump talks up orders on trade, but neglects to sign them

Trump talks up orders on trade, but neglects to sign them

It will be Xi's first meeting with Trump, whose presidency began on January 20, and comes as the two sides face pressing issues, ranging from North Korea and the South China Sea to trade disputes.

Relations between China and the USA under former President Barack Obama were strained by issues including China's island-building in waters surrounding global shipping lanes in the South China Sea, allegations of cyberhacking and a US policy rebalance to Asia.

"My view is that the United States is about the least protectionist of the major countries, and that China is one of the most protectionist", he was quoted as saying by media reports.

The President of China Xi Jinping will be visiting United States to have meeting with President Donald Trump at his Mar-a-Lago retreat in Florida on April6-7.

Trump, who has taken a harsh stance on China's trade practices, last week tweeted that the meeting "will be a very hard one", citing massive trade deficits and American job losses.

The timing of the meeting appears tricky, with a US review of China's market-economy status under the World Trade Organization expected to be announced as early as this week. So far, he has not slapped tariffs on Chinese imports nor has he branded the country a currency manipulator as he threatened. "We'd like the rhetoric and the behaviour to become more congruent", he said.

"China will continue to work with the United States to think creatively and keeping pushing for greater balance in China-U.S. trade", Zheng said.

Mr Ross said the review would also examine the effects of trade deals that have failed to produced forecast benefits.

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"For instance, due to concerns that Trump might launch a trade war, entrepreneurs like Alibaba chairman Jack Ma reached out (to the administration) via non-official channels", An said.

Trump has frequently accused China of keeping its yuan currency artificially low against the dollar to make Chinese exports cheaper, and "stealing" American manufacturing jobs. -China meetings and conversations aimed at mending ties after strong criticism of China by Trump during his election campaign.

The two leaders had spoken by phone on February 9 during which Trump had told Xi that he would honour the "One China" policy on Taiwan.

"It's a little bit hard to say that someone is an evil-doer if they are providing a product we can't", he said. He wrote in part: "We can no longer have massive trade deficits and job losses".

Trump tweeted Thursday evening that his first meeting with the Chinese leader would "be a very hard one in that we can no longer have massive trade deficits. and job losses".

A second order calls on Customs and Border Protection to impose "countervailing duties" on goods that have been subsidized by foreign governments. But foreign trade has also created savings by USA consumers for helping to reduce prices for clothing, cars and furniture, among other items.

China-US trade in goods amounted to Dollars 519.6 billion in 2016. The surplus with the USA previous year represented 68 per cent of Thailand's total trade surplus of $17.9 billion. The United States has long complained that WTO rules allow exports to be exempt from value-added taxes, but do not allow export exemptions from the US corporate income tax.

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