{"id":62426,"date":"2018-04-06T12:04:47","date_gmt":"2018-04-06T12:04:47","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=62426"},"modified":"2018-04-06T12:04:47","modified_gmt":"2018-04-06T12:04:47","slug":"exclusive-u-s-willing-talk-trade-china-no-session-set-yet-official","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/exclusive-u-s-willing-talk-trade-china-no-session-set-yet-official.html","title":{"rendered":"Exclusive: U.S. willing to talk trade with China, no session set yet – official"},"content":{"rendered":"

Exclusive: U.S. willing to talk trade with China, no session set yet – official<\/span><\/strong><\/h2>\n

The United States is willing to negotiate with China on trade, but only if talks are serious, as previous attempts produced little progress, a senior U.S. official told Reuters late on Thursday as trade tensions between the two nations escalated.<\/span><\/p>\n

No formal negotiating sessions have been set, the official said. \u201cThere is ongoing communications with the Chinese on trade,\u201d said the official, who requested anonymity to discuss the Trump administration\u2019s trade strategy.<\/span><\/p>\n

The official said Republican President Donald Trump, who has already sought $50 billion in new tariffs on China, will insist on \u201cverifiable, enforceable and measurable deliverables\u201d from China in any trade negotiations.<\/span><\/p>\n

The comments came as Trump said late on Thursday he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China \u201cin light of China\u2019s unfair retaliation\u201d against earlier U.S. trade actions.<\/span><\/p>\n

In a statement, Trump said the U.S. Trade Representative had determined that China \u201chas repeatedly engaged in practices to unfairly obtain America\u2019s intellectual property.\u201d<\/span><\/p>\n

The senior official said: \u201cWe\u2019ve had a type of negotiation in different forums where China has made lots of different commitments that they haven\u2019t followed through on.<\/span><\/p>\n

\u201cWe don\u2019t want to go down that path. But the president has been clear, the administration has been clear, we\u2019re not trying to start a trade war. We\u2019re simply trying to get fair and reciprocal treatments so we\u2019re open to those conversations.\u201d<\/span><\/p>\n

The official said China had committed seven times to stopping forced technology transfers, a practice in which China allegedly seeks to obtain U.S. intellectual property (IP) through joint venture requirements, something that China denies.<\/span><\/p>\n

\u201cThis president is not going to tolerate hollow commitments or refusal to change bad practices. And if the way that we effectuate that is through negotiations, that\u2019s great,\u201d the official said.<\/span><\/p>\n

The Trump administration on Tuesday targeted 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing\u2019s IP, sending world financial markets gyrating.<\/span><\/p>\n

China retaliated the next day with a list of duties on U.S. imports including soybeans, planes, cars, beef and chemicals.<\/span><\/p>\n

Source:-https:\/\/www.reuters.com\/article\/us-usa-trade-china-negotiations-exclusiv\/exclusive-u-s-willing-to-talk-trade-with-china-no-session-set-yet-official-idUSKCN1HC31H<\/span><\/p>\n

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