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China sends written response to US trade reform demands - US government sources

China sends written response to US trade reform demands - US government sources

However, the sources gave no further details and it was not clear if the response contained concessions that would satisfy Trump.

Chinese President Xi Jinping is also expected to make a pledge to change Beijing's economic, military, and political behavior during his meeting with US President Donald Trump on the sidelines of the G20 summit in Buenos Aires on November 30.

"We now know that we will in fact discuss trade at the G20 meeting in Argentina". China hit back with tariffs on $110 billion in United States goods.

Mr Pence said China must offer concessions on a wide range of issues including intellectual property theft, forced technology transfer, restricted access to Chinese markets, respect for worldwide rules and norms, efforts to limit freedom of navigation in global waters and Chinese Communist Party interference in the politics of Western countries.

"Working teams are maintaining close contact to earnestly implement the consensus reached by the two leaders by telephone", he told a regular weekly briefing. He has also threatened to target another $267-billion worth of goods if his demands are not addressed.

Trade talks could hinge on whether tariffs rise in January.

"Right now we're having communications at all levels of United States and Chinese government", Kudlow told CNBC.

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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 USA domestic politics and seeking to undermine Trump.

Vice President Mike Pence said that the Trump administration does not plan to budge in its trade dispute with China, even if that means a cold war.

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"China respects USA sovereignty, security, and development interests", she told a daily news briefing in Beijing.

Mr Pence said: "We seek an Indo-Pacific where every nation is free to follow its own path and pursue its own interests, where the seas and skies are open to all engaged in peaceful activity, and where sovereign nations grow stronger together".

"This is one of the major goals that they [Chinese officials] are working hard on - to prevent those tariffs from coming into force early next year".


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