USA and China are still 'very far apart' on trade: U.S. ambassador

USA and China are still 'very far apart' on trade: U.S. ambassador

USA and China are still 'very far apart' on trade: U.S. ambassador

And, to make Trump's care and feeding of ZTE even stranger, last month the Pentagon ordered that USA military services were to immediately cease buying or using products produced by ZTE because they posed a national security risk.

"Well, honestly I just don't understand President Trump's announcement on Twitter". -China trade talks in Beijing earlier this month where the two countries failed to reach an agreement on the long list of USA demands. "The most notable of these is the retail sales data for April, which is expected to be relatively good for a second consecutive month following a few poor numbers that were a little worrying", Craig Erlam, a senior market analyst for Oanda, said in a commentary.

The Chinese firm has been flagged for violations that include selling sensitive USA technologies to Iran and North Korea in violation of US sanctions laws. The U.S. accused ZTE of misleading American regulators over sanctions against North Korea and Iran.

Earlier today (May 14), Secretary of Commerce Wilbur Ross told reporters that the United States might consider alternatives to banning ZTE from doing business with USA suppliers, though he didn't go into detail on what those options might be. "They've admitted to that". "The question is, are there alternative remedies to the one that we had originally put forward", Ross said following a speech. "That's an area where we will be exploring very, very promptly". He did not say what other options were being discussed. In the past few months, the United States and China have gone back and forth over billions of dollars worth of planned tariffs on each others' goods, and there's hope on both sides that continued talks will cool the escalating trade tensions. "Creating jobs in China is not one of them".

The expert noted that Trump is facing a lot of criticism from both the left and the right for his tweet about ZTE, making it hard for a deal to be struck between the two nations on the fate of the Chinese telecom company.

But the move was panned by lawmakers on both sides of the aisle. Sen.

He noted that the ZTE case showed China remained dependent on US technology.

"Problem with ZTE isn't jobs & trade, it's national security & espionage", Rubio tweeted on Monday.

"What about jobs in America, Mr. President?".

President Trump has directed the Commerce Department to look into easing USA economic sanctions against China's major telecommunication company linked to illicit trade with rogue states. Trump has tweeted this out and everybody says everything has changed now.

Relations between the USA and China have become fractious in recent weeks.

But most of its products rely on core technology supplies from American companies like Qualcomm and Intel.

"I've never seen a president step in and reverse an agency decision like this". "Free and open trade, I think that's the solution".

According to the National Review, China has just announced that it is lending a state-owned construction company, a half billion dollars.

The U.S. government sees the plan as a threat, and proposes to target it with tariffs on China's tech exports.

As the trade talks continue, the US faces what could be a critical juncture over the next several weeks.

ZTE has more than 75,000 employees and is the fourth largest phone maker in the U.S.

Kudlow, who was part of a delegation led by Treasury Secretary Steven Mnuchin that visited Beijing from May 3-4, said the world's two-biggest economies can probably avoid a trade war with an agreement over trade "very soon".

Despite the USA ban, the Washington Free Beacon has reported that ZTE was selling equipment to the Pentagon and Homeland Security Department.

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