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China asks U. S. for talks to defuse trade tensions after Trump's tariffs announcement

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China’s Commerce Ministry shot back at Trump late Friday, saying his tariffs plan would have a “huge impact” on international trade.
BEIJING — President Xi Jinping’s top economic adviser told U. S. business leaders in Washington that China hopes the White House will revive high-level dialogue on economic disputes and name a new chief liaison to defuse mounting trade tensions, a person briefed on the matter said.
The adviser, Liu He, said he will take charge of reform efforts this month and wants a list of U. S. demands for what China could do to ease tensions, according to the person, who requested anonymity to discuss a confidential meeting.
Liu was speaking at an event with executives including former Treasury Secretary Hank Paulson and the CEOs of JP Morgan Chase and chipmaker Qualcomm.
The requests were part of the conciliatory message that Liu was tasked with bringing this week to the United States, China’s largest trading partner. Instead, his trip was overshadowed by President Donald Trump’s Thursday announcement of new tariffs on steel and aluminum imports.
In public pronouncements and meetings with U. S. delegations since 2013, China’s ruling Communist Party has repeatedly pledged to allow free market competition to play a “decisive role” in China’s economy as a guiding principle — something Liu reiterated this week in Washington.

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