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Trump praises China talks; aides downplay friction over Huawei arrest

Trump praises China talks; aides downplay friction over Huawei arrest

The US Commerce Department said the country's trade deficit with China in October expanded 7.1 percent from the previous month to a record 43.1 billion dollars.

While at the conclusion of Saturday's working dinner, both the US and Chinese delegations said that what amounted to a trade war "truce" between the leaders had been reached, the messaging from the White House that followed seemed to only muddy the waters.

After the meeting, Washington agreed to hold off on Trump's threat to raise tariffs on $200 billion in Chinese imports to 25 percent beginning January 1, leaving them at the current 10 percent rate.

The White House on Monday had to correct a statement by economic adviser Larry Kudlow, who incorrectly told reporters in a conference call that the 90-day negotiating period between the USA and China would begin on January 1 instead of December 1.

The two sides also will discuss intellectual property protection, technical cooperation, market access and their trade balance, Gao said.




In return, Washington said China would purchase "very substantial" amounts of United States agricultural, energy, industrial and other products. "China is supposed to start buying Agricultural product and more immediately".

China and the United States have been engaged in a trade war after Trump announced in June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs in a bid to fix the US-Chinese trade deficit.

Furthermore, Kudlow seemed to downplay Trump's assertion following the meeting that China agreed to reduce or eliminate its tariffs on American automobiles, telling reporters that there was no "specific" agreement reached.

"All of these help to safeguard China's legitimate interests, and are also in the interests of the United States, and even more are in line with the expectations of the worldwide community", he added in a statement carried on the foreign ministry's website.

"When it comes to the trade policies that have been proposed so far specifically, I think we can all expect that there will be further tariff increases on USA imports of Chinese goods, whether that's within the 90-day window that we are now operating under a pause or outside that window", Anderson told a small group of reporters in Beijing on Thursday.