The Trump administration is even considering keeping current tariffs on Chinese goods in place until its government fulfills its trade pledges - such a move would force China to meet its side of the deal.
Chinese officials spoke to their U.S. counterparts as they arrived in Beijing for talks aimed at deescalating an ongoing trade war.
Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal.
Deputy U.S. Trade Representative Jeffrey Gerrish is leading a U.S. working team for two days of meetings in Beijing.
U.S. Navy Destroyer, the USS McCampbell, conducted a freedom of Navigation operation (FONOP) in the South China Sea on Monday, Jan. 7, which quickly drew an angry response from Beijing.
The two sides agreed to hold "positive and constructive" dialogue to resolve economic and trade disputes in accordance with the consensus reached by their respective leaders, Foreign Ministry spokesman Lu Kang told a regular news briefing. These are two issues that president Trump has for months made clear are requirements for relenting on tariffs and making any trade agreement. US Trade Representative Robert Lighthizer has consistently stressed the latter, emphasizing the importance of binding enforcement mechanisms.
USA commerce secretary Wilbur Ross predicted that the United States and Chinaare likely to reach a trade deal, as officials from both nations met for face-to-face talks in Beijingon Monday (New York time).
For their part, Chinese officials are unhappy with USA curbs on exports of "dual use" technology with possible military applications. "China has the good faith, on the basis of mutual respect and equality, to resolve the bilateral trade frictions".
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Hundreds of billions in levies.
"This trade fight couldn't have come at a worse time for China".
Trump raised import duties on Chinese goods in July over longstanding complaints Beijing steals technology or pressures foreign companies to hand it over.
The Global Times said China's growing economy means it can "carry out a more intense boycott" of trade with the United States if needed.
There are growing concerns that the trade war could escalate into a broader conflict between the United States and China, as top Trump administration officials have attacked China on issues ranging from alleged human rights abuses to influence operations in the US.
Beijing and Washington have raised tariffs on billions of dollars of each other's goods, prompting fears the conflict will dampen global economic growth that is showing signs of slowing. There are concerns that USA growth, 3.4 percent in the third quarter, is also slowing even as the country's unemployment rate remains almost at a five-decade low.
Since the two presidents met on December 1, China has made a number of concessions to USA demands, including temporarily cutting punitive tariffs on US -made cars, resuming soybean purchases, promising to open up its markets for more foreign investment, and drafting a law to prevent forced technology transfers. They complain China's companies are treated unfairly in national security reviews of proposed corporate acquisitions, though nearly all deals are approved unchanged.