Tuesday, 21 August, 2018

US Lawmakers Say They Pressed Xi Aide on China's Unfair Trade Practices

White House trade and manufacturing adviser Peter Navarro a member of the U.S. trade delegation to China leaves a hotel in Beijing US Lawmakers Say They Pressed Xi Aide on China's Unfair Trade Practices
Kenny Thornton | 17 May, 2018, 09:51

The United States and China launch trade talks on Thursday in a bid to avert a damaging tariff war, with the White House's harshest China critic relegated to a supporting role, senior Trump administration officials said on Wednesday.

Assistant to the President for Trade and Manufacturing Policy Peter Navarro, Assistant to the President for Economic Policy Larry Kudlow, and Deputy Assistant to the President for International Economic Affairs Everett Eissenstat participated in the USA trade delegation in China. Separately, the White House said US Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, and top economic adviser Larry Kudlow, among others, would participate.

This week's talks are taking place against the backdrop of three days of hearings on the administration's plan to impose tariffs on an initial $50 billion worth of Chinese goods to put pressure on China to do a better job of protecting USA intellectual property and to halt practices that force American companies to transfer technology.

Neither country has imposed the tariffs. -China flights, a person familiar with the episode said.

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

The U.S. -China trade talks in DC this week are a continuation of those Beijing-based trade meetings.

Brady and Hatch said the issue of ZTE didn't come up during Liu's meetings with lawmakers.

Liu left the meeting with several other Chinese officials without speaking to reporters.

Tencent reports over a billion WeChat users in Q1
Smartphone games revenues alone were up 68 percent year-on-year to 21.7 billion yuan, thanks to titles such as "Honour of Kings". Net income climbed 61% to 23.3bn yuan (US$3.7bn) in the three months ended March, the Shenzhen-based company said on Wednesday.

Ways and Means committee members Tom Reed, a New York Republican, and Democratic Representative Sandy Levin, of MI, said a goal in the meeting with Liu was to show bipartisan support for countering China's trade practices. Additionally, lawmakers took the Chinese to task for alleged transfers of USA intellectual property to Chinese firms.

"They are certainly mindful of impending threats of tariffs", Neal said.

US lawmakers on Tuesday rejected any plan by Trump to ease restrictions on ZTE, calling the company a security threat and vowing not to abandon the Commerce Department ruling banning sales of American components and software to the company for violating terms of a sanctions settlement deal.

Meanwhile, Mr Trump earlier on Wednesday denied caving in to China over United States sanctions on the telecoms equipment maker ZTE.

"Nothing has happened with ZTE except as it pertains to the larger trade deal", Trump wrote on Twitter.

Liu arrived in Washington on Tuesday afternoon for economic and trade consultations with the US side at the invitation of the USA government.

"We've changed now our designation in the national security strategy of China to a strategic competitor". Navarro also anxious that Mnuchin is leading the administration down the wrong path on trade with China, said the source briefed on the trip.

Navarro has much more strident views on China's trade history, ones that Trump has often agreed with.

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