Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Afterwards, Mr Trump described the conversation as "long and very good" and said in a tweet that their discussions on trade were "moving along nicely".

The two countries already have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to slap tariffs on the remainder of China's $US500 billion-plus ($A690b) exports to the United States if the disputes can not be resolved.

"President Xi Jinping also stressed that China-U.S. trade has always been serving as ballast and a stabilizer for China-U.S. relations". "We talked about many subjects, with a heavy emphasis on Trade", the United States president tweeted.

Xinhua, China's state news agency, reported on Friday that Mr Trump had told the Chinese leader that "he looks forward to meeting Xi during the G-20 summit so they can have an in-depth discussion about some major issues".

However, the Trump administration is still set to slap tariffs on all Chinese imports if these talks fail.

China and the United States are locked in an increasingly bitter trade war.

Separately, the South China Morning Post - also citing unnamed sources - reported that Mr Trump had offered to host a dinner for the Chinese president after the G20 summit.

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Tennessee Senator Lamar Alexander told the official the USA and China are competitors not adversaries and suggested they can prosper together.

In the phone call with Trump, Xi also said he and Trump hoped to expand bilateral trade cooperation, he was quoted as saying on CCTV state television. And they're having a hard time, and they'll be fine, ' Trump said Wednesday.

"The two countries" trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-U.S. trade issue, ' Xi said.

Federal Bureau of Investigation director Christopher Wray said the US has filed a civil lawsuit seeking to prevent the two indicted companies, Taiwan-based United Microelectronics Corp. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using USA trade secrets and blocking the further transfer of trade secrets. "China does not want to see this", he said, according to Xinhua.

US Senator Lamar Alexander of Tennessee told Li that the delegation was there "to show our respect to a great country and a great people", and that the two countries "are competitors but not adversaries".

The two nations had already imposed tariffs on $50 billion of each other's goods before the September sanctions.

In recent months, China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Mr Trump change his mind. China has responded with retaliatory duties on $110 billion worth of U.S. goods.

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