US stresses trade concerns with China after Trump announces tariff plan

By REUTERS
March 3, 2018 01:31
1 minute read.
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - Senior US officials stressed concerns about the US trade deficit with China, market access and unfair treatment of US companies in a second day of talks with Chinese President Xi Jinping's top economic adviser at the White House on Friday.

Liu He met US Treasury Secretary Steven Mnuchin, White House economic adviser Gary Cohn, and US Trade Representative Robert Lighthizer after a similar meeting with the three on Thursday.

Their second day of talks came amid heightened economic tensions with Beijing and fears of a trade war after President Donald Trump announced plans to put tariffs on imports of steel and aluminum, triggering threats of retaliation from trading partners and a slide in stock markets.

“We held frank conversations," a White House spokeswoman said.

"We expressed concerns about the trade deficit, lack of reciprocal treatment for US companies, issues related to transfers of technology, and market access barriers in China," she said.

"We continue to be open to an exchange of ideas on how to resolve these concerns."

White House officials said Trump himself did not stop by the meeting with Liu as he sometimes does when senior foreign dignitaries, including Chinese officials, are visiting.

Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after the European Union raised the possibility of countermeasures, France said the duties would be unacceptable and China urged him to show restraint.

Related Content

Breaking news
July 16, 2018
French police clash with unruly fans, clear Champs Elysees

By REUTERS