Navarro contradicts Mnuchin's assertion that trade war with China is on hold

Ivanka Trump's foreign-trademark victories raise conflict of interest questions

Ivanka Trump's foreign-trademark victories raise conflict of interest questions

The United States said that it will continue pursuing steps regarding trade with China, days after Washington and Beijing stated a tentative solution to their dispute and suggested that tensions had cooled.

Washington will also press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China, the statement from the White House said.

The administration previously threatened China with $150 billion in tariffs before China agreed to "significantly increase" purchases of American goods and services in its effort to reduce the trade deficit earlier this month. "The final list of covered imports will be announced by June 15, 2018, and tariffs will be imposed on those imports shortly thereafter", it noted. Those come on top of the $3 billion in tariffs in place as of early April on Chinese imports of USA shipments of pork, fruit, nuts, recycled aluminum and other goods.

Trump has frequently focused on the trade deficit, urging China to boost its imports and lower the gap by $200 billion, while China has refused to agree to any dollar amounts.

The White House also says the United States is planning new investment restrictions and export controls. They said he appears less concerned that he needs Chinese support for his proposed meeting with North Korean leader Kim Jong Un. The White House argues as a result of that investigation that Beijing commits IP theft and forces foreign companies to hand over valuable data in order to operate in the Chinese market and compete with domestic firms.

"From now on, we expect trading relationships to be fair and to be reciprocal", in a statement, which spelled out a list of long-standing U.S. trade grievances", Trump said in a statement.

She urged the USA to "follow the spirit" of the recent consensus reached between Washington and Beijing, to abandon trade wars and back off imposing tariffs on each other.

The NRF cited a study which estimated the tariffs on $50 billion in Chinese imports could shave $3 billion off of US GDP and eliminate 134,000 jobs.

Some of the irresolution comes from lasting divisions within Trump's team, which have complicated trade talks from the start. "We lost the trade war long ago".

Also Wednesday, the Chinese Cabinet announced it planned to complete work by July 1 on another measure sought for years by its trading partners - a "negative list" that would make clear what is off-limits to foreign investment, leaving the rest of the economy open.

And while they do not include apparel and footwear, the industry is concerned about their possible inclusion on any lists extended to additional products imported from China.

Trump also said a deal to ease sanctions on the Chinese tech giant ZTE would be forthcoming.

The change would come as President Donald Trump's administration attempts to crack down on what it says is theft of USA intellectual property by China.

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