China's stance on Huawei dispute remains tough and clear

Negotiations between the United States and China have soured dramatically since early May when Chinese officials sought major changes to the text of a proposed deal that the Trump administration says had been largely agreed

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Trump was quoted as saying: "If we made a deal, I could imagine Huawei being possibly included in some form or some part of it". And though China can hardly approach the WTO with clean hands itself, it will probably win its case if it goes to the WTO.

He said he would see Chinese leader Xi Jinping at the end of June during the G-20 summit in Osaka, Japan.

"As the "Grey Rhino" of China-US trade war rampages, many people are anxious that the "Black Swan" of global economic crisis might come in the aftermath", said ambassador Zhang on the trade war between the two world's largest economies.

"So I'm still hopeful we can get back to the table". "It's a transfer coming in, and we're doing again through the CCC [Commodity Credit Corporation] program which was authorized, as we used past year, but actually the tariff money that we were receiving, the revenue we were receiving is what the president has meant to fund the farmers who have been hurt by these retaliatory tariffs".

"Yet it's been all talk and no action", said Greiner.

The Trump administration has imposed 25% tariffs on $250 billion in Chinese imports and has plans to hit another $300 billion worth. He said these issues could be remedied if the United States is able to increase global trade pacts such as the U.S. Mexico Canada Agreement and other deals with Japan and the European Union.

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President Trump recently signed an order which placed Huawei on the U.S. trade black list, banning USA companies from doing business with Huawei. "A mutually beneficial agreement must be based on mutual respect, equality and mutual benefit".

China said on Thursday it had lodged solemn representations with the United States after it escalated a trade war between the two countries by placing Chinese telecoms equipment maker Huawei Technologies on a blacklist for USA suppliers. The news sent the firm's Shenzhen-listed shares down 5.54 percent.

Moving on to the topic of deregulation, Trump said, "As of next week we are signing some additional voiding of some really dumb regulations".

China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains.

Trade talks between Beijing and Washington stalled this month as Trump accused China of backing out of a deal that the United States said was nearly completed. Huawei denies it is controlled by Beijing.

He however expressed his disappointment that, "the United States has repeatedly turned its back to the consultations, frequently "changing faces" by resorting to higher tariffs with no care about its own image and reputation in the face of the world".

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Now he's not sure how long it will take to resolve the trade dispute.

"China-US trade consultation process has been repeatedly thwarted, which were totally imputed to US".

"All of the Chinese people are ready to embark on a new "Long March" journey with greater courage and resilience and will never yield to foreign bullying and assault", state-run Xinhua News Agency said in a commentary yesterday.

China has threatened to retaliate against U.S. sanctions without giving details.

Although the news was welcomed by some farmer groups that had borne the brunt of the trade tensions, most still called for an end to the trade war with China.

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