Trump says China wants trade deal, United States may not impose more tariffs

Under pressure to liberalise its economy China is making the right noises. But there are no free lunches

Trump has imposed tariffs on $250-billion of Chinese imports to force concessions from Beijing on the list of demands that would change the terms of trade between the two countries.

"Then so be it", Pence said.

At the end of the day, the only way the U.S. is likely to hit the breaks on its stance toward China is if "the voices of the United States big businesses become rowdy enough on the problems that the tariffs are causing", according to Woodward.

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However, he said that several key items were lacking, meaning that the list was still "not acceptable to me yet".

"The president's attitude is, we want to make sure they know where we stand, what we are prepared to do, so they can come to Argentina with concrete proposals that address not just the trade deficit that we face..." Trump has threatened to impose tariffs on all remaining Chinese imports - about $267-billion more in goods - if Beijing fails to address USA demands.

But the statements seemed to contradict comments from Trump's Commerce Secretary Wilbur Ross, who just hours earlier had said a deal with Beijing before January was "impossible". "He was freelancing and he's not representing the president or the administration".

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Senior administration officials have argued that such negotiations by previous American presidents have resulted in Washington being outplayed by the Chinese, who have used the USA political calendar as an advantage.

When asked by a reporter from Voice of America about Taiwan, Pence repeated earlier statements that Taiwan's embrace of democracy provides a better path for all Chinese people to follow, while emphasizing that the USA would stand by its obligations to the island country, without specifically mentioning any particular agreement or treaty, reports Liberty Times.

One person briefed on the list presented by Beijing this week said it wasn't clear that the Chinese were willing to make those sorts of concessions, especially after Republican losses in the House in this month's midterm elections. Also missing were any concessions related to what the US has long claimed are state-directed Chinese cyber-attacks on American companies to steal intellectual property, the person said.

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"I think we'll probably get them too", he added, speaking to reporters after a bill signing at the White House. "Impossible", he said, according to Bloomberg. "I actually think he did the president a great disservice". "We expect a material slowing in the fourth quarter of this year - so right now - into the first quarter of next year", Seth Carpenter, UBS' top US-focused economist, said in London on Thursday at the launch of the bank's 2019 Global Economic Outlook.

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