Trump to Meet China's Economic Chief Over Trade Dispute Thursday

White House trade and manufacturing adviser Peter Navarro a member of the U.S. trade delegation to China leaves a hotel in Beijing

These meetings are a continuation of the talks held in Beijing two weeks ago and will focus on rebalancing the United States-China bilateral economic relationship.

President TrumpDonald John TrumpGiuliani says Federal Bureau of Investigation may have placed spy in Trump campaign Giuliani: There is "nothing illegal about looking for dirt on political opponents" Giuliani: If Mueller subpoenas us, we will challenge it MORE's trade adviser, Peter Navarro, reportedly got in a shouting match with Treasury Secretary Steve Mnuchin during recent talks in China.

The White House's harshest China critic, Peter Navarro, will also take part in the talks, reports Bloomberg.

"I am very hopeful", said Kudlow.

Chinese officials who arrived in Washington on Tuesday for trade talks with the USA will likely present a proposal for the US trade delegation on Wednesday, possibly extending the negotiating process, according to Larry Kudlow, chief economic adviser to President Trump.

Industry experts say that in the complex world of modern electronics, the fate of ZTE Corp. could directly or indirectly affect scores of USA companies and thousands of American jobs. On the Chinese side, that included "appropriately dealing with the ZTE case", according to an unofficial translation. "That's the area we will be exploring very, very promptly".

But Trump's tweet on Wednesday seemed to indicate there would be relief for ZTE only if China and the United States reach a larger trade deal.

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He noted that his ongoing USA visit aims to, according to the consensus of the two presidents, continue in-depth communication with the US side on bilateral economic and trade issues. China, on the other hand, threatens to retaliate against these tariffs. China has vowed to retaliate on products including US soybeans and airplanes.

Close to 125 witnesses are scheduled to testify at the hearings, which conclude on Thursday, in a sign of the concern in the US business community over the administration's move. Past year it sold more than 20 million smartphones in the United States, almost half its worldwide sales.

He said that China and the U.S. have far more shared interests than differences, and China-U.S. relations will grow smoothly when the two countries properly handle each other's core and major interests.

Liu told one group of House lawmakers in a meeting Wednesday that he "recognizes there are problems" in the U.S.

On Wednesday, Liu met with House Ways and Means Chairman Kevin Brady, R-The Woodlands, whose committee oversees trade policy.

"His hope for this trip was to begin to address the trade imbalance, increasing demand of Chinese consumers for USA products as well as to begin to take steps on the structural reforms that have been raised", Brady said after a roughly 45-minute meeting with the Chinese delegation. -China Business Council, said it is unclear whether major progress would be made. "They are really under the radar", said Jeff Fieldhack of Counterpoint Technology Market Research.

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