China’s president puts out terms for ending the trade war with the U.S. – demanding Trump stop banning Huawei technology and lift permanent tariffs
- Chinese President Xi Jinping has developed plans to present to President Trump
- The Wall Street Journal reported the terms of what he is seeking just as Trump landed in Japan
- The two leaders are set to meet on Saturday
- Trump’s trade negotiators will meet counterparts earlier
- China wants ban on U.S. tech sales to telecom giant Huawei
- Xi also wants the U.S. to lift tariffs the Trump administration imposed
Chinese President Xi Jinping is preparing to present President Donald Trump with a list of demands for ending the U.S. trade war that has rattled markets as Trump prepares to impose an additional $300 in tariffs.
The Wall Street Journal published China’s latest demands almost precisely as Trump landed in Osaka.
One of China’s key demands is for the U.S. to pull back a ban on U.S. technology sales to telecom giant Huawei, according to the Journal, which cited Chinese officials.
Chinese President Xi Jinping arrived in Osaka shortly before President Trump. He is preparing to present a list of demands to end the trade war, as Trump considers whether to impose $300 billion in additional tariffs
The Chinese also want the punitive tariffs imposed by the Trump administration for what Trump says are a range of unfair and anti-competitive trading practices.
Chinese officials told the paper Xi was not expected to take a ‘confrontational’ tone, but will describe how he sees the bilateral relationship working.
President Donald Trump, second from left, attends dinner with Australian Prime Minister Scott Morrison, second from right, in Osaka, Japan, Thursday, June 27, 2019. Also attending are many of his top trade advisors
Trump has inveighed against Chinese trade practices, accusing China of ‘ripping off’ the U.S.
Chinese officials forecast Xi was not expected to take a ‘confrontational’ tone with Trump
The posture comes as Trump has been preparing to slap an additional $300 billion in tariffs on China if the two sides fail to reach an agreement.
Trump has complained that China walked back from commitments it had made in talks that broke off in April.
He is accompanied by a team of his top negotiators: chief trade negotiator Robert Lighthizer, Treasury Secretary Steven Mnuchin, chief of staff Mick Mulvaney, and advisor Peter Navarro.