U.S. President Donald Trump will sign executive orders on Friday aimed at identifying abuses that are causing massive U.S. trade deficits and clamping down on non-payment of anti-dumping and anti-subsidy duties on imports, his top trade officials said.
China, the largest source of the US's trade deficit, has repeatedly run afoul of the US' anti-dumping laws, and Trump has repeatedly accused the country of hurting the USA economy through unfair trading practices.
"Nevertheless, it's pretty clear picking up a fight with China would not be good for him and the United States", he said.
The White House confirms that President Trump will host Chinese President Xi Jinping at Mar-A-Lago in Florida on April 6.
In remarks in the Oval Office, Trump said he'd seen first-hand as he travelled the country how bad trade deals had hurt American workers. Among other things, he has accused China of unfair trade practices and threatened to declare it a currency manipulator. "We'd like the rhetoric and the behaviour to become more congruent", he said.
Rex Tillerson, U.S Secretary of State completed his trip in China where he agreed for working together with China on North Korea and emphasising Trump's wish to improve understanding.
Speaking of Washington's trade deficit with Beijing, Zheng explained that this was a result of the global distribution of industries and the division of labour, as well as the two countries' different economic structures.
But Peter Navarro, director of the White House National Trade Council, insisted the orders had nothing to do with the visit and were not an attempt to send a message to China. "This is not our policy", Zheng told a briefing about the Xi-Trump meeting.
"They're cheaters! From now on, those who break the rules will face the consequences and they'll be very severe consequences", Trump was quoted as saying by USA Today.
Throughout the campaign Trump had vowed to put America's trading relationship with the world on a more advantageous basis and put "America first".
The tool has been in the U.S.'s trade arsenal but has been rarely employed, according to Spicer.
A second order calls on Customs and Border Protection to impose "countervailing duties" on goods that have been subsidized by foreign governments.
Trump tweeted Thursday evening that his first meeting with the Chinese leader would "be a very hard one in that we can no longer have massive trade deficits. and job losses".
The yuan fell 6.5 percent past year in its biggest annual loss against the dollar since 1994, knocked by pressure from sluggish economic growth and a broadly strong USA currency.
"We can no longer have massive trade deficits and job losses". The United States has long complained that WTO rules allow exports to be exempt from value-added taxes, but do not allow export exemptions from the US corporate income tax.
In light of Trump's particular brand of "twit-diplomacy" and otherwise unpredictable nature, a number of writers have focused on the strong personality of both presidents, highlighting perhaps the biggest question mark surrounding the summit.