China sends written response to USA trade reform demands: U.S. govt sources

Marco Green
November 15, 2018

The Vice President said Mr Trump, who meets Mr Xi in Buenos Aires at a G20 meeting on November 30, is leaving the door open for a deal but only if Beijing commits to meeting his demands. "Until I see Lighthizer ordered into the fray I don't think there will be a trade deal". "We are at $250 billion [in tariffs] now; we can more than double that", the vice president warned.

We're already looking forward to Round Three!

"Then so be it", he said. "They know what our administration's position is".

"What they are offering is not new", this person said.

"He believes the USA economy is strong enough to weather such an escalation while the Chinese economy is less durable". He added that the U.S. had no intention of ceding influence in Asia to China and will not back down if Beijing choses to continue its current policies.

China's Commerce Ministry says high-level trade talks between Beijing and Washington have resumed.

Vice President Mike Pence has undertaken a kind of "freedom of navigation" operation of his own over the disputed South China Sea, an interview published Tuesday revealed ahead of Pence's visit to Singapore for a series of meetings in the region. In October, the Economic Policy Institute, a Washington, D.C-based nonprofit, released a report showing that the us trade deficit with Beijing has increased dramatically in the 17 years since China joined the World Trade Organization. "They are not capable of it", said Derek Scissors, a China expert at the conservative American Enterprise Institute, who pointed to the two men's lack of experience in hard trade negotiations. The report also said that U.S.

Asked what would happen if Beijing fails to agree to act in Asia in a way that can avoid "a new Cold War" with the United States, Pence appeared to accept that such a reality could be inevitable.

Mnuchin also was behind a framework deal announced in May that Trump later backed away from amid criticism from Democrats and Republicans in Washington that he was going too easy on China.

In an interview with Washington Post columnist Josh Rogin in which Pence focused on the White House's Indo-Pacific policy, the vice president said his trip to the region "is meant to show the United States has no intention of ceding influence or control" to Beijing.

Other reports by Click Lancashire

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