China trade talks won't succeed - SCMP

Trump: U.S. does not want to discuss Huawei with China

Trump: U.S. does not want to discuss Huawei with China

Liu He, China's top negotiator on trade, spoke with U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin, according to a statement from the Commerce Ministry.

President Donald Trump said on Wednesday the United States does not want to discuss the US blacklisting of Huawei Technologies with China as the two biggest world economies try to end escalating trade tensions.

On Sept. 1, the USA introduced 15 percent tariffs on US$112 billion worth of Chinese goods, including textile products.

It said the two sides would "maintain close communication" ahead of the talks.

Trade teams from the two countries will hold talks in mid-September before the high-level talks next month, the ministry said.

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Beijing has agreed to narrow its politically sensitive trade surplus with the USA but is reluctant to give up development strategies it sees as a path to prosperity and global influence.

"The bigger impact is on China in our estimates at this point", International Monetary Fund chief economist Gita Gopinath told Bloomberg Television, referring to the tariffs.

Chinese Commerce Minister Zhong Shan, Governor of the People's Bank of China Yi Gang, and Vice Chairman of the National Development and Reform Commission Ning Jizhe also took part in the phone conversation. The news comes just days after China announced it had filed a lawsuit with the World Trade Organization (WTO) on Monday (Sept. 2), the day after the newest tariffs went into effect.

Some within the Trump administration are skeptical that China is willing to make the sort of broad commitment to reforms sought by the US that caused a breakdown in talks in May, according to people familiar with the officials' thinking.

The last round of talks in July in Shanghai ended with no indication of progress. "Investors are slowly coming to terms that a trade deal is increasingly remote, with both sides talking tough and preparing for a long battle".

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