Top Chinese economic adviser to visit United States next week for trade talks

China Trade Talks Continue Next Week in DC

China Trade Talks Continue Next Week in DC

The April surge in the US-China trade gap was partly the result of rebounding Chinese exports in April, rising 12.9 percent from a year earlier and bouncing back from a 2.7 percent drop in March.

Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. Exports amounted to USD200.4 billion.

High-level discussions between the two sides in Beijing last week appeared to make little substantive progress in defusing trade tensions apart from an agreement to hold more talks.

"We think it shows the United States side's willingness to reach a consensus with China on economic and trade issues", China's ministry of foreign affairs spokesperson Geng Shuang said at a news briefing.

China's trade surplus with the USA swelled to $22.2 billion, up from $15.4 in March and the first increase since November, as exports to the US grew at a double digit pace.

"We believe this shows the United States wishes to reach a consensus with China on trade issues", ministry spokesperson Geng Shuang said at a regular media briefing.

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Giuliani also put the repayment at '$460,000 or $470,000', which is far more than the $130,000 the attorney said he wired Daniels. He said that it's clear to the American people, "what's going on and it's a cover up". "But a storm's a-comin', baby", she said.

On Tuesday morning, Mr. Trump tweeted that he would talk with Chinese President Xi Jinping at 8:30 a.m. ET.

"We are working on something that we think will be great for everybody", said Sanders who promised to keep reporters "posted as discussions are ongoing". President Donald Trump's demands that China slash its surplus with the US have become a cornerstone of his combative economic policy.

Of note, the country's trade surplus with the USA expanded to $22.19 billion in April - compared with a surplus of $15.43 billion in March, customs data showed. For January-April, it rose to US$80.4 billion, compared with about US$71 billion in the same period previous year.

The massive imbalance in bilateral trade between the world's two biggest economies will likely reinforce US President Donald Trump's determination to continue taking a tough stance toward Beijing.

Economists at ANZ said some Chinese exporters might be accelerating electronics shipments amid the tariff threats.

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