China To US: Drop Tariffs Or No Trade Deal

President Donald Trump left shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka Japan

China apparently apprehend that Trump may still retain some of the tariffs on Chinese exports even after a trade deal as he said on March 21 that he wanted some tariffs to remain in place for a "substantial period of time", even extending beyond any trade deal.

Due to that, the economic frictions between the two countries were triggered by the USA imposition of tariffs on Chinese goods, those measures must cease after a consensus was reached, Ministry of Commerce spokesman Gao Feng said.

United States and Chinese officials are working to fix a time for top-level trade talks by telephone this week, but a face-to-face encounter has not been scheduled yet, U.S. officials said. That will happen, ' top White House economic advisor Larry Kudlow told Fox Business Network on Friday. "The face-to-face may not be for another week, but I don't want to get ahead of that curve", he said.

Improved sentiment between US and China after the G-20 summit may be short-lived after China reiterated its "clear and consistent" policy on trade.

The U.S. has placed 25 percent tariffs on $250 billion worth of Chinese goods, although President Trump agreed to a ceasefire after meeting with Chinese President Xi Jinping at the G20 summit in Osaka, Japan last week.

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China is apparently clear and consistent in its requirement, with no room for negotiations regarding the matter.

This is one of the US's requirements for reaching a trade deal.

Trump initiated that trade war with China last year, when he first imposed unusually heavy tariffs on imports from the country, seeking extensive structural changes from Beijing and alleging that it had engaged in intellectual property theft over many years, which China strongly denies.

The decision triggered a backlash among lawmakers on Capitol Hill but White House officials said the changes should not create any additional risk to United States national security. The leaders of the world's two largest economies had agreed to a ceasefire in tariff impositions, with a pledge to restart trade negotiations.

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