Top Chinese economic adviser to meet with US trade delegation

Top Chinese economic adviser to meet with US trade delegation
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Chinese President Xi Jinping’s senior economic adviser is slated to meet with a U.S. trade delegation in Beijing on Thursday and Fridays as tensions on trade between the two countries heat up.

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China said in a statement on Wednesday that Vice Premier Liu He would "exchange views" on trade with the U.S. delegation, which will include Treasury Secretary Steven MnuchinSteven Terner MnuchinUS extends waivers on Iran sanctions amid coronavirus pandemic On The Money: Democrats eye infrastructure in next coronavirus package | Mnuchin touts online system to speed up relief checks | Stocks jump despite more stay-at-home orders Schumer praises choice of Defense inspector general to oversee corporate lending fund MORE, Commerce Secretary Wilbur RossWilbur Louis RossTariffs on imported oil: A bad idea at the wrong time Tourism industry estimates 4.6 million travel-related jobs lost due to coronavirus 2020 census to run ads on 'Premio lo Nuestro' MORE, Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE, White House economic adviser Larry Kudlow and trade and manufacturing adviser Peter Navarro, according to Reuters.

Chinese foreign ministry spokeswoman Hua Chunying said in a news conference on Wednesday that she expected the talks to be constructive if the U.S. acted in good faith.

Trade tensions between the two countries ramped up after President TrumpDonald John TrumpCuomo grilled by brother about running for president: 'No. no' Maxine Waters unleashes over Trump COVID-19 response: 'Stop congratulating yourself! You're a failure' Meadows resigns from Congress, heads to White House MORE announced his plan to slap tariffs on up to $150 billion worth of Chinese goods in an effort to punish China for policies the U.S. says make American companies give up their intellectual property to Chinese competitors. 

The U.S. and China were supposed to take part in trade talks last February when Liu traveled to Washington, D.C., but the administration announced new tariffs on steel and aluminum as Liu arrived in the U.S. 

China did not reveal what specifically was on the agenda for this week's talks.