BEIJING | The Latest: US officials arrive in Beijing for trade talks

Where should Europe be innovating? | Oli Scarff  AFP via Getty Images

"It's a big, big challenge".

Consultation between China and the United States on economic and trade issues will be constructive as long as the US delegation comes with sincerity, said a Chinese Foreign Ministry spokesperson Wednesday. "It has not worked well for us".

The US has called on China to reduce its bilateral trade surplus with the US by $100 billion, targeting Beijing's initiative "Made in China 2025". But experts say the U.S. government needs to come up with a smarter response. But Branstad has vowed to support Trump's tougher approach to China on trade issues.

Leading the talks for China will be Liu He, President Xi's top economic advisor and a Vice Premier.

Earlier Tuesday, Ross played down the possibility of a breakthrough. Talks are scheduled to start on Thursday.

"You never know where you are until you actually get into the conference room" and an outcome can't be prejudged, Ross said.

After being pressed several times on whether he was optimistic about the trip, Ross said "I wouldn't be going all the way over there if I didn't think there was some hope".

President Donald Trump will have the final say on accepting any USA agreement with China, Ross said, indicating he doesn't expect an announcement immediately from the meetings.

Slowing down China's tech development "is not a reasonable goal", said James Lewis, senior vice president at the Center for Strategic and International Studies in Washington.

Blake Wheeler: Epic effort in Game 3 win
The Jets opened the series with a 4-1 win in Nashville before the Predators picked up a 5-4 double overtime victory in Game 2. Jacob Trouba made a mistake at the Nashville blue line and Viktor Arvidsson was all alone from the Nashville side of centre.

"This won't be, suddenly in Beijing, a breathtaking release (that) everything is solved", Ross said.

But the administration's China hawks, Lighthizer and White House trade and manufacturing adviser Peter Navarro, are likely to favor a harder line demanding more fundamental trade changes, even if it means tariffs and short-term economic pain.

To pressure China to play by global rules, experts and tech companies argue the U.S. government should put together a united front with allies who are also alarmed by Beijing's industrial policy.

Ross, in his CNBC interview, did not provide details on the Trump administration's specific demands on China, but said: "We have a pretty good idea of what we need to come out with".

The trade group - which represents more than 60 big tech companies including Apple, Amazon and Facebook - said many countries share the United States' concern about Beijing's unfair trade practices.

"As an emerging market currency, the Chinese government is unwilling to let the yuan actively appreciate against other EM currencies", said Li Liuyang, senior foreign exchange analyst at China Merchants Bank in Shanghai.

Separate action against imports of aluminium and steel, following a Section 232 investigation, has targeted China more than other countries because of deals or temporary exemptions Trump has granted to USA allies, including South Korea, Mexico and Canada.

"Delegation heading to China to begin talks on the Massive Trade Deficit that has been created with our Country", he tweeted as the team prepared to leave.

Related News:



Most liked

JK Rowling Apologizes for Killing Off Dolby in 'Harry Potter' Final Book
Others expressed how they're still not over his death, remembering his last words and the touching funeral that followed. If you're a diehard HP fan, you'll recall that May 2 is the date of the (fictional) Battle of Hogwarts .

Analyst Stance On Two Stocks: Amazon.com, Inc. (AMZN), TripAdvisor, Inc. (TRIP)
According to Finviz reported data, The SMA20 of the stock is at 7.03 percent, SMA50 is 4.4 percent, while SMA200 is 30.04 percent. Checchi Capital Advisers Llc increased Ishares Inc (Put) (IEMG) stake by 218,426 shares to 235,200 valued at $11.08M in 2017Q4.

ROSENSTEIN: I 'Won't Be EXTORTED' By Impeachment Threats
The Justice Department's No. 2, however, conceded the legislators have been substantial in exposing misconduct in some cases. The judicial system will determine whether the Mueller investigation overstepped its authority.

Arizona teachers to end strike if lawmakers reach budget deal
The devil is in the details. "They more they know, the more at ease they feel about what's going on", she said. The work in that direction, however, left teachers unimpressed - and unwilling to go back to work just yet.

Justify installed the early 3-1 favorite for Kentucky Derby
Bevin chose Kentucky Derby week to ceremonially sign HB 259", said Senate Majority Leader Thayer. "I'm constantly meeting people". Jockey Mike Smith can use the colt's early speed to position him well for the long run to the chaotic first turn.

Hours-long RV chase through California turns into standoff
Officers didn't do that with Houk because of the children, who were unharmed and reunited with their mother, Rodriguez said. Video from the RV chase was provided from KEZI 9 News' sister station 23ABC News in Bakersfield, California.

Mehbooba, Omar condemn stone pelting against school bus in Shopian
In Jammu and Kashmir's Shopian district, a group of stone-pelters attacked a school bus carrying students in Kanipora village. Forces retaliated with bullets and tear-smoke shells when youth pelted stones on them.

Charles Barkley Apologizes To Draymond Green Even Though He 'Meant It'
He went on to say that he "probably said the same thing about Dennis Rodman , but I thought I actually did punch him when he played".

Iowa abortion bill could draw women to Minnesota for procedures, advocates say
The Iowa legislature passed a bill late Tuesday night to prohibit abortions after an unborn baby has a detectable heartbeat. If the bill is passed, then Iowa's only OBGYN residency program at the University of Iowa would lose its accreditation.

Live Scorecard For IPL T20 DD Vs RR
Delhi Daredevils have a strong batting line-up that starts with an explosive and dependable duo of Colin Munro and Prithvi Shaw. A heavy spell of rain in Jaipur that night meant Delhi had to chase down 71 off six overs - they managed only 60.

FOMC Holds Rates Steady, Sees Inflation Near Target
The FOMC considers 2 percent the ideal inflation mark, because it's typically a key indicator of strong economic health.

In Scotland banned cheap whiskey
First Minister Nicola Sturgeon praised Scotland for being "bold enough and courageous enough" to take the step. Scottish lawmakers say the law will make cheap spirits - like popular strong ciders - more expensive.

Pentagon Bans Sale of ZTE, Huawei Phones on Military Bases
The US government imposed a ban on American tech, which means ZTE can't buy phone components created by US companies. In light of this information, it was not prudent for the department's exchanges to continue selling them.

Kerala SSLC Results Tomorrow @ Keralaresults
The results will also be made available on their official app, "Saphalam" which is available on Google Play Store. Hence it is most likely that the Kerala Class 10 result 2018 will also be announced around this date.

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.