China Trade War Might Settle on the Sidelines of G20 Summit

White House trade advisor Peter Navarro an anti China firebrand was rebuked by a fellow advisor for his unathorized criticisms of Wall Street's involvement in talks with China

The United States was demanding that the Chinese come up with a clear offer before negotiations on a trade deal could start, while Beijing had been reluctant, seeking talks ahead of making any firm proposals.

The FT report also said "signs have emerged" that Lighthizer was "now more involved and participating in the negotiations", though it did not provide evidence or sources for this assertion.

According to a Reuters report Thursday that quotes three US government sources, China has delivered a written response to USA demands for wide-ranging trade reforms.

Her comments came after a meeting in Washington on Wednesday with U.S. Trade Representative Robert Lighthizer. He has clashed with other White House and administration officials who wanted to take a softer line on China, including Treasury Secretary Steven Mnuchin and Kudlow's predecessor, Gary Cohn.

Trump is expected to meet Chinese leader Xi Jinping on the sidelines of a G20 summit in Argentina at the end of November and in early December.

In our copyright material "Impact on the world economy: a trade war United States and China", noted that the deterioration in trade relations between the superpowers US and China is on the rise.

The phone discussion followed a call between Trump and Xi two weeks ago - the first publicly disclosed call in six months.


"Working teams are maintaining close contact to earnestly implement the consensus reached by the two leaders by telephone", he told a regular weekly briefing.

The opening bid falls short of numerous core demands the White House has repeatedly detailed as must-haves in trade talks with Beijing, including addressing technology transfers and intellectual property theft, according to one of the people briefed. The Trump administration has already slapped tariffs on $250 billion in Chinese products since July.

The two countries resumed talks after the call between the two leaders, ending a three month hiatus that saw relations deteriorate as the United States accused China of interfering in US domestic politics and seeking to undermine Trump. It's unlikely a decision is imminent, according to a United States official.

If China wants to avoid a cold-war scenario anytime in the future then it needs to make massive changes in its economic, military and political activities as demanded by the States, said Vice President of the United States Mike Pence.

In comments made before the Chinese response, Wu Baiyi, the director of the Institute of American Studies at the state-run Chinese Academy of Social Sciences, said that a January 1 tariff increase would imperil efforts to reverse trade tensions.

He advised the Chinese government to come with concrete proposals that address all the issues now going on with the United States including respect for global rules and norms, rampant intellectual property theft, forced technology transfer and restricted access to Chinese markets.

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