Donald Trump: Only time will tell on US-China trade
14 April, 2017, 19:10
US President Donald Trump and China's President Xi Jinping agreed to develop a "100-day plan" to address trade issues, US officials said, as the leaders of the rival economies at the weekend ended their two-day summit bereft of any major outcomes.
Trump is hailing the rapport he developed with Xi during last week's Florida summit, which seems to have yielded an immediate easing of tensions.
The summit was already the most important in Trump's 11-week presidency, and the first conducted not with an ally but a rival. The conventional wisdom is that, with this unexpected shift in policy, Trump has put Xi on notice: if China fails to act on North Korea, the US will take unilateral military action.
The US leader apparently did speak to Xi about another thorny issue, telling him of "the importance of protecting human rights and other values deeply held by Americans", the White House reported.
"I believe that with the passage of time we will make efforts to bear our great historical responsibility for promoting the development of Sino-US relations, to create prosperity for both countries and their people and to uphold global peace and stability", President Xi said.
"I think truly progress has been made", Trump said, declaring his relationship with Xi as "outstanding".
China will make concessions to give the USA better market access in two areas - financial sector investments and beef exports - in efforts to avoid a trade war, the Financial Times reported.
Ross said the Chinese delegation expressed an interest in reducing the trade deficit, which has provided the communist nation with trillions of dollars of hard currency but which has also restricted domestic consumption and fuelled inflation.
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After arriving in Seoul on Monday, the Chinese envoy in charge of the North Korean issue will talk with South Korea's representative Kim Hong-kyun, according to the ministry.
U.S. Secretary of State Rex Tillerson on ABC TV's "This Week" on Sunday likewise pointed out that the missile strike on Syria served as a warning to countries including North Korea.
"They agreed to increase cooperation and work with the global community to convince the DPRK to peacefully resolve the issue and abandon its illicit weapons programs", US Secretary of State Rex Tillerson has said of the talks' results.
Abe said he and Trump also "frankly exchanged opinions" over the issue of Syria as well as North Korea, following Thursday's USA military strike on a Syrian military airfield from which a chemical attack was allegedly launched, killing dozens of civilians including children.
Sources briefed on Xi's plans promised a package of Chinese investments aimed at creating more than 700,000 American jobs - the same number China's regional rival Japan pledged to Trump during Prime Minister Shinzo Abe's Mar-a-Lago visit in February.
"I think as time goes on, every day that has passed, he more and more has understood the gravity of USA leadership", said GOP Sen.
Mr Ross said the Chinese had addressed ways to shrink the massive trade deficit the United States has with China, the balance of which Trump had used to accuse China of stealing American jobs.
Agreeing to negotiate directly with North Korea would signal a drastic shift from former President Barack Obama's policy in dealing with the provocative nation.
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