U.S. 'looking for a deal' with China on trade: White House adviser

17 May, 2018, 07:04 | Author: Angel Logan
  • RTS1RM81

Republican congressman Adam Kinzinger (Ill.) said he was "pretty concerned" and "blown away" by President Donald Trump's recent announcement that the US would help to revive Chinese phone company ZTE, in a move that seems like a stark departure from the president's usual "America First" rhetoric.

The president surprised many in Washington over the weekend by saying he's working with Chinese President Xi Jinping to help ZTE "get back into business, fast". But in a series of tweets on Wednesday, Trump caused confusion by saying the ZTE issue "pertains to the larger trade deal".

"Our country has been losing hundreds of billions of dollars a year with China", he said.

He also said he had not yet seen China's demands, adding "the USA has very little to give, because it has given so much over the years".

This week's meetings follow US-China trade talks in Beijing earlier this month where the two countries failed to reach an agreement on the long list of US demands.

Trump tweeted on Wednesday: "There has been no folding as the media would love people to believe, the meetings haven't even started yet!" According to a document seen by Bloomberg News, Beijing asked the U.S.to open government procurement to Chinese firms, and soften the Commerce Department penalty on ZTE, among other things. "China has much to give!"

Wyden, who is also on the Senate Select Committee on Intelligence, was one of 32 Senate Democrats who on Tuesday signed a letter accusing Trump of putting China's interests ahead of United States jobs and national security.

Trump tweeted his support for ZTE earlier this week, putting the president at odds with the Commerce Department and its decision to impose trade restrictions on the company amid allegations it violated US sanctions.

In retaliation to that China threatened to impose a 25% tariff on $50 billion worth of USA exports.

ZTE was fined $1.2 billion in March 2017, but last month it was hit with a steeper sanction, prohibiting USA firms from supplying the telecommunication equipment maker with needed parts.

The company shut its main operations after the Commerce Department last month banned USA companies from selling components to ZTE for seven years for violating the terms of a settlement deal for illegally shipping goods made with US parts to Iran and North Korea.

Uncertainty over relations between the USA and China has roiled financial markets and raised concerns among businesses anxious about a trade war.

USA companies are estimated to provide 25 percent to 30 percent of components used in ZTE's equipment, which includes smartphones and gear to build telecommunications networks.

A Chinese delegation was due to hold talks in Washington this week, with both sides threatening to impose massive tariffs on each other's exports.

Republican US Representative Mac Thornberry, chairman of the US House Committee on Armed Services, said at a Bloomberg event on Tuesday that he did not expect lawmakers would seek to remove a ban on ZTE technology from a must-pass annual defense policy bill making its way through Congress. Marco Rubio, R-Florida, tweeted Tuesday.



Lionel Messi says Neymar joining Real Madrid would be 'terrible'
Barcelona talisman Lionel Messi claims to have no interest in being considered "the best in history", with no motivation taken from a personal battle with Real Madrid superstar Cristiano Ronaldo .

The Right Stuff Author Tom Wolfe Dies at 88
Born in Virginia in 1931, Wolfe went straight into reportage out of university, beginning at the Springfield Union in MA . He is survived by his wife Sheila, the cover designer for Harper's Magazine , his daughter Alexandra, and son Tommy.

Russia, Iran discuss nuclear deal after United States withdrawal
Johnson said the Europeans were "under no illusion about Iran's disruptive behaviour, but we think we can tackle those in other ways outside the JCPOA".

Te Aroha hosting mass vow renewal ceremony to celebrate Royal wedding
On Monday, Ms Markle's half-sister Samantha admitted involvement in faking the photos, but insisted it wasn't motivated by money. Ms Markle, 36, will not have a maid of honour as she wanted to avoid choosing just one of her closest friends.

Women should have got angrier sooner: Hayek
The Mexican-born star subsequently claimed that one way to achieve equality would be for actors to spurn "inflated fees". Hayek said Weinstein's direct responses were only to herself, and the accusations lodged against him by Nyong'o .

TFF hits out at DFB after criticism of Ozil & Gundogan's Erdogan meeting
"That's why it's not good that worldwide players allow themselves to be manipulated for his electoral campaign". It's not that easy, and both have said they did not want to make a political statement.

N Korea cancels talks with South Korea and warns US
KCNA, North Korea's state media outlet, claimed that the military drills were a rehearsal for a potential invasion of the country. In March, Mr Trump stunned the world by accepting an invitation to meet Mr Kim.

Pakistan stops USA diplomat Colonel Joseph Hall fleeing after fatal accident
Sources said that the USA diplomat wasn't present at the airbase but would reach there after being allowed to leave the country. Hall was not granted permission to leave, according to Dawn , and he later returned to the US Embassy in Islamabad .

Mariners beat Tigers 9-5 for doubleheader split
After a brief examination by the Seattle trainer, Cano left the game and was replaced by infielder Andrew Romine . Kyle Seager homered for Seattle, and Goodrum went deep for the Tigers (17-22).

Baseball notes: Cano hit by pitch, has fracture on right hand
Castellanos was hit by a pitch in the first inning of the second game of Saturday's doubleheader , and he left soon after that. Robinson Cano chased Fulmer from the game in the fifth when he hit a 3-run home run to make it 6-2 Seattle.