FOX News: China to insist US lift Huawei ban during G-20 meeting as part of trade deal, report says
Chinese President Xi Jinping is expected to meet with President Trump on Saturday where he will lay out several demands, including the removal of Huawei from a U.S. blacklist, as part of a trade truce amid stalled talks.
Xi and Trump are slated to meet Saturday in Osaka, Japan, where both leaders will be attending the G-20 summit. Along with removing the ban on Huawei that restricts U.S. tech companies from selling to the Chinese tech giant, Beijing will also ask Washington to drop all tariffs along with the U.S.'s demand to buy more of its exports (on top of what was previously agreed upon), the Journal reported, citing Chinese officials with knowledge of the situation.
Xi isn’t expected to take a “confrontational tone,” the report stated, but rather lay out his ideal bilateral relationship between the two world powers. U.S. officials said they will go into the meeting seeing if their Chinese counterparts are willing to pick up trade talks from where they left off in April.
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WNU Editor: If this WSJ report is true .... China to Insist U.S. Lift Huawei Ban as Part of Trade Truce (Wall Street Journal), it tells me that China will not compromise nor accommodate U.S. demands to lower the trade deficit or lower trade barriers to U.S. goods to China. And while there will be a trade truce (a condition that President Xi insisted upon if he was to meet President Trump) .... Trade war: US and China agree to tentative truce before G20 summit (SCMP), the prospects of a trade deal in the future look dim. My gut is telling me that the Chinese are going to wait until after the U.S. Presidential in 2020, and hope that the Democrats (who have signalled that they oppose many of President Trump's trade war actions) win the White House.
More News On China Laying Its Conditions For A Trade Deal With The U.S.
China’s Xi to present Trump with terms for settling trade deal: WSJ -- CNBC
China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms -- Reuters
Beijing claims it's not afraid of Trump's 'evil threat' after the US president says he plans to 'take in billions and billions of dollars' from Chinese goods with a potential tariff hike -- Daily Mail
China Says Its Demands for a Trade Deal With the U.S. Haven't Changed -- Bloomberg
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