The Treasury Department is proposing that the Trump administration revive twice-yearly talks with China to discuss the economic relationship between the countries, according to people familiar with the matter.
When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost: implying Chinese firms would have to cut their prices to absorb import "taxes" of up to 25 per cent when the goods hit US shores.
US President Donald Trump and his Chinese counterpart Xi Jinping both insisted Friday they would resist pressure to give ground on a trade deal that Washington's leader said could be “very close.”
The top US official for south Asia, Alice Wells had last week said the CPEC the flagship project of President Xi Jinping's multi-billion dollar Belt and Road Initiative (BRI) would increase Pakistan's debt burden and benefit only China.
Microsoft Corp said on Thursday (Nov 21) it had been granted a licence from the US government to export software to Huawei Technologies Co Ltd.