Trade talks: Top Chinese officials visiting US next week
Top Chinese officials, including China's top economic adviser, the Vice-Premier Liu He, will be visiting the US next week for talks with the Trump Administration's economic team, the White House Press Secretary Sarah Sanders said. Early in the morning, Trump was briefed by Treasury Secretary Steven Mnuchin and other officials who had recently traveled to Beijing for discussions on trade issues. Here's more.
Donald Trump has a great relationship with President Xi
"President has a great relationship with President Xi, and we are working on something that we think will be great for everybody," Sanders said. Chinese delegation's visit comes soon after a US Presidential delegation led by Mnuchin went to Beijing for trade talks, which visit didn't yield any result. Trump wants a substantial reduction in the trade deficit with China, which currently at $500bn.
US and China failed to bridge divisions
"The US and China asked one another to make sweeping concessions but failed to bridge divisions, raising the chances that each government will slap tariffs on tens of billions of dollars of the other country's exports," a daily reported.
