U.S. lawmakers push back on Trump talk of helping China's ZTE

США и Китаю удастся достичь выгодного соглашения в сфере торговли- Трамп

Relations between the U.S. and China have become fractious in recent weeks.

Liu's trip to Washington follows a visit by Mnuchin and other USA officials to Beijing earlier this month, where they conveyed a demand that China slash its trade surplus with the U.S.by $200 billion by the end of 2020.

Trump now appears, at least for the moment, to be walking back from that tougher stance and seeking a quicker resolution of trade conflicts with the Chinese. "Everyone around the world agrees with the president that China's unfair and often illegal trade practices have to be changed".

China is part of this trend, but the logic for M&A openness is different for each side so the dynamic is unlikely to be straightforward tit-for-tat. "We are insane to allow them to operate in USA without tighter restrictions". China hit back with its own list of goods subject to possible retaliatory duties.

But Democratic lawmaker Adam Schiff cautioned against being too soft on the company, saying on Twitter: "Our intelligence agencies have warned that ZTE technology and phones pose a major cyber security threat".

"A reversal of the ZTE decision could temporarily tamp down trade tensions by allowing the Chinese to make concessions to the USA without losing face", said Eswar Prasad, a professor of trade policy at Cornell University. "We'd like to see China being just as open as the United States", Branstad said.

It is also uncertain how willing China would be to make substantial concessions in technology, for example by abandoning its Made in China 2025 plan to boost its domestic hi-tech sector, beyond promising no forced technology transfers, better protection for intellectual property and wider market access.

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After ZTE failed to take action against company employees involved in the illegal exports, the Commerce Department last month banned US companies from supplying goods to ZTE for seven years.

This sometimes leads to glaring contradictions, like an announcement to end a suspension of economic sanctions on Iran on May 8th, while announcing five days later, with his comments on ZTE, that the USA government would only enforce those sanctions selectively. JP Morgan stated that the very fact that Trump is trying to solve problems for ZTE is indicative of the warming up of connection between United States of America and China.

"They are basically conducting an all-out assault to steal what we've already developed and use it as the baseline for their development so they can supplant us as the leader in the most important technologies of the 21st century", Rubio said at a Foreign Relations Committee hearing on Asia policy.

Despite now ceasing main business operations, China's second biggest telecom equipment maker is still trying to have the ban modified or reversed. An extreme scenario - but not a fanciful one - is that these conflicting pressures eventually become irreconcilable for some firms, and national industries and standards start to develop separately, not globally.

"American workers and companies confront rampant theft of USA intellectual property, agricultural policies that disadvantage American farmers, restrictions on market access for US service providers and manufacturers, and mercantilist industrial policies that have cost USA workers their jobs", they wrote. US firms in China could face bureaucratic hold-ups or regulatory investigations involving anything from customs and inspection, through antitrust and anti-bribery cases, to cybersecurity law compliance issues.

"We're still very far apart", he said. Trump may change his mind again. But overall the level of U.S.

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