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State media reacts defiantly after White House’s suggestion that it could still impose tariffs on US$50 billion of Chinese goods

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The White House has taken aggressive new steps in its effort to reduce a $337bn trade deficit with China, announcing that it will impose a 25% tariff on $50bn of Chinese goods containing “industrially significant technology”.

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President Donald Trump said Tuesday that his administration has not yet reached a deal with Beijing to save telecom company ZTE.

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China is offering US President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the US trade deficit with China by up to US$200 billion (S$269 billion) a year, US officials familiar with the proposal said.

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Chinese Vice Premier Liu He arrives in Washington on Tuesday for trade talks with the U.S. delegation led by Treasury Secretary Steven Mnuchin.

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Chinese Ambassador to the United States Cui Tiankai said here Friday that the trade imbalance between China and the United States cannot and will not last in the long run.

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The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington's drive to cut its trade deficit with Beijing.

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Exploratory free trade talks are underway this week as Canadian and Chinese officials visit one another's countries to discuss what a potential agreement might look like.

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Top diplomats from the EU and China have pledged closer cooperation on trade and geopolitical issues amid concerns about US protectionism under president Donald Trump.

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