China vows to defend its own interests in US trade talks
Updated : May 17, 2018 12:46 PM IST
US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are leading talks in Washington on Thursday and Friday aimed at heading off a trade war between the world's two biggest economies.
The Trump administration has threatened to impose tariffs on up to $150 billion in Chinese imports to punish Beijing over trade practices requiring American companies to hand over technology in exchange for access to the Chinese market. China has counterpunched by targeting $50 billion in US products.
The two countries are reportedly attempting a swap: Relief for ZTE in return for Beijing dropping plans to impose tariffs on US farm products.