See More on Facebook

Diplomacy, Economics

Trump says Mnuchin, USTR to travel to China for trade talks in days

Trump makes overture to China to deescalate trade war talks.


Written by

Updated: April 25, 2018

US President Donald Trump said on Tuesday that Treasury Secretary Steven Mnuchin and US Trade Representative (USTR) Robert Lighthizer will travel to China in a few days for trade talks.

“In fact, we’re having Secretary Mnuchin and a couple of other folks heading over to — Bob Lighthizer — heading over to China,” Trump said at a press conference with visiting French President Emmanuel Macron at the White House.

“They (Chinese officials) came here, as you know, last week. And we’re having very substantive discussions on trade,” Trump said, referring to bilateral discussions of trade on the sidelines of spring meetings of the International Monetary Fund (IMF) and the World Bank, which concluded here last week.

During the spring meetings, Christine Lagarde, managing director of the IMF, and other financial leaders around the world called on the United States and China to resolve trade tensions through dialogues and rules-based multilateral institutions.

“I believe the trade will work out … hopefully it’ll be good for everybody concerned,” Trump said.

Trump’s remarks came after Mnuchin said Saturday that he was considering a trip to Beijing to discuss trade issues with his Chinese counterparts.

“China has received the information about the US side hoping to come to Beijing for consultations on economic and trade issues and we welcome it,” Chinese Foreign Ministry spokesperson Lu Kang said on Tuesday.

“I want to stress that China-US economic ties are mutually beneficial in nature and have long been delivering tangible benefits to the business communities and consumers of the two countries,” Lu said.

The Trump administration has recently threatened to impose tariffs on up to $150 billion of Chinese imports, while China has vowed to retaliate against US exports if the Trump administration moves forward with the tariffs.

“These problems can be solved through bilateral consultations or within a commonly recognized multilateral framework. However, they can never be solved through unilateral means,” said the Chinese spokesperson.

Unilateralism and trade protectionism will inevitably harm others without benefiting oneself as the global economy is deeply integrated, China’s Foreign Ministry spokesperson Hua Chunying said last week.

Citing a report from the Brookings Institution, Hua said a US-China trade war would result in a loss of more than 2.1 million jobs in 2,700 US counties.



Enjoyed this story? Share it.


China Daily
About the Author: China Daily covers domestic and world news through nine print editions and digital media worldwide.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Diplomacy, Economics

US, NK head toward discussions on nuclear inspections

Summit talks, meetings on nuclear inspections to take place soon. With the leaders of US and North Korea expected to meet soon for a second summit, the two countries are set to restart negotiations on nuclear inspections. US President Donald Trump said Monday that the venue of his second summit with North Korean leader Kim Jong-un would be announced in “a pretty short period of time.” Trump made the comments after talks with President Moon Jae-in in New York, during which Moon conveyed Kim’s proposals to Trump including the date and location for a second summit. Moon’s meeting with Trump follows his three-day trip to North Korea las


By The Korea Herald
September 26, 2018

Diplomacy, Economics

China releases a white paper detailing trade war stance

White paper warns US actions risk global economic woes. China published a white paper on Sino-US trade frictions on Monday, defending the legitimacy of its positions on trade and innovation practices while accusing the United States of trade bullying and intimidation. The document was released as a new round of tariff hikes between the two sides took effect amid growing concern over undermining global growth. On Monday, new US levies on $200 billion worth of Chinese goods came into force, followed by Beijing’s new tariffs on about $60 billion worth of US imports. It showed that Sino-US tariff tensions that had grown for the past several months had hit a new high point, observers said. On the same day, China released the white paper — The Facts and China’s Position on China-US Trade Friction — which aims to clarify facts about the bilateral economic and trad


By China Daily
September 26, 2018

Diplomacy, Economics

Cooperating on energy in face of tariffs

At Houston oil and gas industry forum, US, China executives discuss future. The US energy industry expects a strong long-term energy relationship with China, a US energy official told US and Chinese oil and gas executives the day after China announced a retaliatory 10 per cent tariff on US natural gas. Steve Winberg, US Energy Department assistant secretary for fossil energy, on Wednesday assured the energy executives that the US has never revoked a liquefied natural gas (LNG) export authorization, nor plans to do so. “Some potential exporters and financiers have expressed concern that the US may rescind or revoke LNG export authorization. Let me be very clear that these concerns are unfounded,” Winberg said on Wednesday at the opening of the two-day 18th US-China Oil and Gas Industry Forum in Houston. The forum has been a collaboration of the US Energy Department, Ch


By Cod Satrusayang
September 25, 2018

Diplomacy, Economics

Swift assistance needed to rehabilitate Hokkaido’s quake-stricken industries

To realize Hokkaido’s post-quake rehabilitation, it is indispensable to rebuild its industries. A half month has passed since the Hokkaido earthquake, which registered the highest level on the Japanese seismic intensity scale of 7. A power blackout that spread to all parts of the prefecture has been resolved. The No. 1 unit at the Tomato-Atsuma thermal power plant — a facility that plays a central role in the supply of electricity there — has been brought back on line. The government has withdrawn its request for power-saving, and neon lighting has returned to flourishing areas in Sapporo. However, scars from the earthquake have not yet healed. Even if the amount of direct damage, including that caused to roads, rivers and forest land, is calculated alone, the figure exceeds ¥150 billion. There are still many disaster victims in evacuation centers. T


By The Japan News
September 25, 2018

Diplomacy, Economics

Ending Rohingya Crisis: Bangladesh tables 3 proposals at UN meeting

Bangladesh Prime Minister Sheikh Hasina yesterday made three recommendations for solving the Rohingya crisis at its root while at the UN meeting in New York. According to her second recommendation, Myanmar must create a conducive environment by building trust and guaranteeing protection, rights and pathway to citizenship for all Rohingyas. If needed, it should create a “safe zone” inside the country to protect all civilians. Her third recommendation says atrocious crimes against Rohingyas in Myanmar should be prevented by bringing accountability and justice, particularly in the light of recommendations of the Fact-Finding Mission of the UN Human Rights Council. The PM was speaking at a high-level event on the “Global Compact on Refugees: A Model for Greater Solidarity and Cooperation” at the UN headquarters in New York. “In Bangladesh, now we’re faced with the largest forced mov


By Daily Star
September 25, 2018

Diplomacy, Economics

Moon, Trump discuss ‘corresponding measures’ for NK denucelarization

South Korean President Moon Jae-in arrived in New York on Sunday for a bilateral summit with US President Donald Trump that is partly aimed at brokering a second US-North Korea summit. South Korean President Moon Jae-in and US President Donald Trump on Monday discussed possible ways to reward North Korea for its denuclearization measures that will apparently include a second US-North Korea summit. “The leaders agreed to continue communicating closely about corresponding measures,” said Kim Eui-kyeom, a spokesman for South Korea’s presidential office Cheong Wa Dae. In their bilateral summit held in New York, the leaders of South K


By The Korea Herald
September 25, 2018