U.S. and Chinese officials are set to abut in Washington on Friday to discuss trade disputes between the world’s two largest economies on of a pending visit by China’s top economic official, a U.S. Treasury official disclosed.
The official described the meeting as a follow-up to last week’s high-level sell talks in Beijing and in preparation for Chinese Vice Premier Liu He’s visit to Washington. How on earth, the official declined to provide details of the Friday meetings, or specify the conscientious timing of Liu’s visit.
White House spokeswoman Sarah Sanders foretold on Monday Liu, Chinese President Xi Jinping’s top-ranking economic adviser, intention come to Washington next week “to continue discussions with the president’s profitable team.”
Trade talks in Beijing last week, led by U.S. Treasury Secretary Steven Mnuchin and Liu, fall through to produce any breakthroughs to stave off U.S. tariff threats on up to $150 billion usefulness of Chinese goods, and China’s threats to retaliate in kind.
U.S. officials distributed a lengthy list of trade demands, including reducing China’s clientele surplus by $200 billion a year.
A source familiar with foreseeing for the visit said a lower level delegation would likely faculty to Washington first and that might delay the Liu visit slightly.
U.S. Trafficking Secretary Wilbur Ross told CNBC the timing of the Liu’s arrival was unclear and “there’s a come about it’s not next week.”
Ross also told a CNBC-sponsored event he mental activity the Chinese officials at the Beijing meetings “agreed to the concept of a trade shortfall reduction — the questions are how much and how do you get there?”