Mnuchin said the United States wants China to do away with

The US and China are in talks to try to avoid a trade war

The moves have fueled fears that the situation could escalate into a full super cheap jordans blown trade war between the world’s two largest economies. But Treasury Secretary website that sells jordans for cheap Steven Mnuchin said Sunday that he’s been talking to cheap jordans 14 Chinese officials in an effort to prevent that.”We’re not afraid of a trade war, but that’s not our objective,” he said in an interview on Fox News.”We cheap nike jordans uk are going to proceed with cheap retro jordans wholesale our tariffs. we’re also working on investment cheap cheap jordans restrictions,” Mnuchin said. “But we are simultaneously having negotiations with the Chinese to see if we can reach an agreement.”Related: What happens when the world’s two biggest economies turn on each otherThe US government wants China to do a lot cheap jordans manufacturer china more to open up its vast economy to US businesses and bring cheap jordan 4s down the massive trade deficit between the two countries.Trump has set a target of cutting the deficit in goods with China by $100 billion. It soared to $375 billion last year cheap jordans from china , according to US where can you get jordans for cheap figures.Mnuchin said the United States wants China to do away with rules that require foreign companies to set up joint ventures with real cheap jordans websites Chinese firms in many industries, such as automobiles, and to stop forcing American businesses to hand over valuable intellectual property in order to operate in China. Intellectual property theft is the reason the Trump administration gave for the planned cheap vogue jordans $50 billion in tariffs on Chinese goods.Intellectual property theft nearly killed this American companyMnuchin and US Trade Representative Robert Lighthizer detailed the US requests in a letter to a top Chinese economic official late last week, according to the Wall Street Journal. They included asking Beijing to reduce tariffs on American cars, increase spending on US semiconductors and provide greater access to the Chinese financial sector, the Journal reported, citing unidentified people with knowledge of the matter.Related: Why Trump’s tariffs on China are a big dealA Treasury Department spokesperson declined to confirm the report.”We cheap jordans near me are having very productive conversations with them,” Mnuchin told Fox, adding that he was “cautiously jordans cheap price hopeful” that the two sides could reach a deal. But cool cheap jordans in the absence of “an acceptable agreement that the president cheap jordan retro 11 signs off on,” the Trump administration will press ahead with get jordans cheap the tariffs and other measures, he warned.China’s point man for the talks is Liu He, a Harvard graduate who is one of President Xi Jinping’s most trusted advisers. Liu was in Washington for talks with US officials the week that Trump announced plans for the tariffs on steel and aluminum and was recently appointed to the position of vice premier.Mnuchin and Liu spoke as recently as this weekend.”Secretary Mnuchin called Liu He to congratulate him on the official announcement of his new role,” the Treasury spokesperson said. “They also discussed the trade deficit between our two countries and committed to continuing the dialogue to find a mutually agreeable way to reduce it.”Related: China’s new economic guru is trying to stop a trade warChina’s official news agency Xinhua also reported the conversation , saying that Liu criticized the US allegations cheap jordans 4 u of Chinese intellectual property theft and warned Mnuchin that China “has the capability to safeguard its national interest.”But Liu also said that China “hopes to see both sides remain sensible and work together to cheap jordans for sale online preserve the overall stability of China US trade relations,” according to the Xinhua report.Some experts are skeptical that Beijing will give Trump what he wants.”China may be able to come up with some big ticket imports to allow it to appear to be trying to reduce the bilateral trade imbalance,” Mark Williams, chief Asia economist at research cheap retro jordans mens firm Capital Economics, wrote in a note to clients on Friday. “But China won’t be able to reduce the annual imbalance by $100bn as Mr Trump has demanded.”And “the chances of China making substantive changes to its practices on intellectual property are also low,” Williams said, adding that the practices are seen in Beijing as “a key element” of efforts to develop the Chinese cheap retro jordan shoes economy.

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