Chinese President to have first face-to-face with President Trump

Xi Jinping will visit the Mar-a-Lago estate of US President Donald Trump in Florida on April 6-7.

The two leaders will "discuss global, regional, and bilateral issues of mutual concern", the White House said in a statement.

Trump's aides insist the timing is coincidental, but the administration is touting the moves as evidence of it taking an aggressive but analytical approach to closing a trade gap that is largely due to the influx of goods from China. In others, foreign countries may make products substantially cheaper or better than in the US.

Mr Ross said the report would not focus extensively on currency manipulation, which is under the purview of the US Treasury Department, despite Mr Trump's campaign rhetoric.

"Trump needs to recognise there is very little he can do in terms of getting China to yield by threatening high tariffs, and they would simply have a backfire effect on the United States economy".

During that talk, Trump reaffirmed the United States' commitment to the "One China" policy, according to which countries that seek diplomatic relations with China must break official ties with Taiwan.

China was the biggest contributor to the US$734 billion (S$1 trillion) U.S. goods trade deficit previous year, and the meeting "will be a very hard one" said Mr Trump in a tweet.

The details were ironed out by Secretary of State Rex Tillerson, who visited Tokyo, Seoul and Beijing earlier this month.

Zheng Zeguang, the Chinese vice foreign minister, admitted that there was a trade imbalance with the USA but added that this could change as Beijing pursues reforms to increase domestic demand for goods and services.

The leaders of the world's two largest economies are scheduled to meet next Thursday and Friday for the first time since Trump assumed office on January 20.

The balance of trade still favours the USA, according to analysts. The relationship with China is key.

"So we're going to be very busy during the next 90 days trying to trace through the intricacies of each of these events", he said.

On China-US trade issues, Lu said Beijing is ready to "expand pragmatic cooperation in economic and trade areas, properly tackle economic and trade frictions through dialogue and communication and ensure the healthy, stable development of China-US economic and trade ties". Peter Navarro, director of the White House National Trade Council and author of a book with "Death by China" in the title, dismissed questions about whether the orders should be read as a warning to the nation.

In Thursday's tweet, Trump said the highly anticipated meeting, which is also expected to cover differences over North Korea and China's strategic ambitions in the South China Sea, "will be a very hard one".

China-US trade in goods amounted to $519.6 billion (Rs 33 lakh crore) in 2016.

Reading out the list of countries with which the United States has significant trade deficit, Ross also named India down the line with a trade deficit of Dollars 24 billion.

The signing of the orders comes a week ahead of Trump's meeting with Chinese President Xi Jinping in Florida.

"While China has begun to take steps to address steel excess capacity, these steps have been inadequate to date and even fewer efforts have been taken by China in aluminum and other sectors", USTR said in the report.



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