US May Not Impose More Tariffs on China

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President Donald Trump said he is optimistic about resolving the USA trade dispute with China after receiving a response to his demands from Beijing, ahead of a widely anticipated meeting with China's Xi Jinping in Argentina this month. Trump has threatened to impose tariffs on all remaining Chinese imports - about $267-billion more in goods - if Beijing fails to address US demands.

A top White House economic advisor on Tuesday publicly rebuked a fellow aide over firebrand speech attacking Wall Street's involvement the US-China trade war.

However, he said that several key items were lacking, meaning that the list was still "not acceptable to me yet".

There is also some speculation that Trump is wary of going into the meeting with Xi amid falling U.S. stock valuations, and sees positive trade news as a tactic to boost the market ahead of the meeting. "We will probably get them, too", he said.

At the end of the day, the only way the USA is likely to hit the breaks on its stance toward China is if "the voices of the United States big businesses become rowdy enough on the problems that the tariffs are causing", according to Woodward.

However, Ross said those talks would serve as a framework to resolving the dispute. "All-out cold war coming if China doesn't change course; we won't back down", Pence was quoted as saying. Some, such trade adviser as Peter Navarro, advocate taking a hard line on trade until China makes deep economic forms.

Trade talks could hinge on whether tariffs rise in January.

Pence said the U.S. is "in a strong position" for a potential escalation of the trade war it has already unleashed on China. "We can't have trade meant for stupid people".

Beyond trade, the Trump administration has warned repeatedly about China's alleged efforts to meddle in US and global affairs.

Trump has imposed tariffs on $250-billion of Chinese imports to force concessions from Beijing on the list of demands that would change the terms of trade between the two countries.

Economists say the tariffs' full bite has yet to hit the American economy but the trade conflict comes at a bad time for China, which is seeing slower growth.

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