US-China trade talks to resume next week in Washington

Chinese Vice Premier Liu Hee will head to Washington next week to resume talks with the United States and avoid a trade war between the two countries, the White House said Monday.
Liu, who is close to President Xi Jinping, who oversees the economic policy of the Asian giant, led a first round of talks on Thursday and Friday in Beijing with a senior US delegation led by Treasury Secretary Steve Menuchin.
The talks did not resolve the trade dispute between the two countries, especially over the huge US trade deficit with China, which US President Donald Trump strongly condemns.
"The Chinese vice premier will come here next week to continue talks with the US administration's economic team," White House spokeswoman Sarah Sanders said Monday.
Liu, a former student at Harvard University, is known for his English proficiency.
China is facing a new tariff threat that may be imposed from May 22 and takes about $ 50 billion worth of exported products to the United States.
Beijing is responding with $ 50 billion in taxes on its imports of US products such as soybeans, cars, beef and others.
According to a document published by the Bloomberg agency, which was the starting point of the talks in Beijing, the US administration is demanding a reduction of at least $ 200 billion by 2020 for the deficit in annual exchanges with China ($ 375 billion in 2017, according to Washington).
It also calls for reducing China's customs duties to the level it adopts and putting an end to government subsidies to some vital industrial sectors, to transfer technology to US companies, and to strengthening the protection of intellectual property rights.
But these demands are difficult for China, and demand "fair treatment" for Chinese companies operating in the United States, according to Bloomberg.

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