Mnuchin to lead U.S. in trade talks with China

China vows to defend its own interests in US trade talks

China has counterpunched by targeting $50 billion in US products. Navarro - a hardliner against China - cursed at Mnuchin and fumed about being shut out of the talks, the sources said. Both officials spoke on condition of anonymity.

President Donald Trump says there has been "no folding" in his trade negotiations with China, as he addresses his efforts to help a Chinese telecommunications company that violated USA sanctions. These meetings are a continuation of the talks held in Beijing two weeks ago and will focus on rebalancing the United States-China bilateral economic relationship.

The blowup was first reported by Axios and comes on the eve of Liu's visit to Washington on Thursday for the next round of trade talks with his USA counterparts.

Liu made the statement during his meeting with current US lawmakers and former US Secretary of State Henry Kissinger, who, along with China's first premier Zhou Enlai, brokered the meeting between US President Richard Nixon and Mao Zedong in 1975 that led to the establishment of diplomatic relations between the US and China, reports state-run news portal Xinhua. -China trade imbalance and other problems with the trading relationship.

One administration official said Navarro is being excluded from the talks this week.

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"We hope the related departments quickly take real action", said Gao, while relaying some of China's other demands such as fair and equitable treatment for Chinese products and investment.

Liu left the meeting with several other Chinese officials without speaking to reporters. Although no official has specified the reason, it is said that Navarro's behaviour at last month's trade delegation in China did not present him as a team player. Liu frequently addressed lawmakers' concerns by saying that China was in the middle of an effort to reform its economy and open it up to more foreign competition.

The lawmakers said the meeting did not address Trump's pledge on Sunday to help Chinese telecommunications equipment maker ZTE Corp 000063.SZ get back in business after a Commerce Department ban cut off its supply of US components.

President Donald Trump on Wednesday continued to defend the lifeline he offered to Chinese telecom equipment maker ZTE Corp, insisting trade talks with Beijing were just getting started. Will Navarro be able to negotiate the US-China trade war terms? "Nothing has happened with ZTE except as it pertains to the larger trade deal", Trump said in a series of tweets Wednesday.

He also said the USA has not yet seen China's demands yet and added, "There has been no folding as the media would love people to believe".

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