Cargill has 'significant concerns' over US-China trade spat

Cargill has 'significant concerns' over US-China trade spat

The United States is seeking to make a trade deal with China, White House economic adviser Larry Kudlow said on Tuesday as bilateral talks between the world's two economic powerhouses resume in Washington this week.

Chinese negotiators who were holding trade talks with U.S. counterparts in Beijing in late April, asked the United States to hear ZTE's appeal, and take into account the company's efforts to improve its compliance, and amend the ban. "Everyone is looking for some kind of deal", he told Politico in an interview, adding that no agreement had been reached yet. Given his past vows to stop the flow of U.S.jobs to China and crack down on what he says are unfair trade practices, Trump's tweet of concern about Chinese jobs was something of a backflip. "It's not clear, of course, if he's planning to really reverse it or think of a solution in a larger context, but it is something that is just out of the norm", said Amanda DeBusk, the chair of the worldwide trade and government regulations practice at the firm Dechert, LLP.

Relations between the U.S. and China have become increasingly fractious with regard to trade.

With China's second-largest telecommunication company ZTE literally shut down because of punitive sanctions by the U.S. Treasury, President Donald Trump called for a solution of the situation on May 13, 2018 after talking to China's President Xi Jinping.

Also in April, Trump threatened to introduce extra tariffs on the Chinese imports worth about 150 billion dollars per year. Trump appears willing to negotiate, and just over the weekend announced his intention to help Chinese electronics maker ZTE, which was on the brink of collapse after USA imposed penalties on it last month for breaking sanctions against Iran and North Korea.

This week's meetings follow U.S.

Ikenson said the administration's focus on the $200 billion was "silly", adding that if the USA accepts China's offer to import more goods, Trump can "claim mission accomplished and turn the page".

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It is no secret that the US has a huge trade deficit with China.

ZTE reached a settlement in March 2017 for violating US export laws and paid penalties totaling $1.19 billion.

Branstad, speaking at a conference in Tokyo, said the Chinese appeared "taken back" by the significance of the list.

"We're still very far apart", he said.

Tensions between China and the United States have escalated in recent months.

Increasing U.S. exports of liquefied natural gas could also be an area where the two countries could agree, he said.

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