Trump says 'no folding' in trade negotiations with China

President Donald Trump waves to Uzbek President Shavkat Mirziyoyev as he leaves following a visit to the White House in Washington, Wednesday, May 16, 2018. (AP Photo/Susan Walsh)

President Donald Trump says there has been "no folding" in his trade negotiations with China, as he addresses his efforts to help a Chinese telecommunications company that violated U.S. sanctions

WASHINGTON — President Donald Trump says there has been "no folding" in his trade negotiations with China, as he addresses his efforts to help a Chinese telecommunications company that violated U.S. sanctions.

Trump tweeted on Wednesday, "Nothing has happened with ZTE except as it pertains to the larger trade deal."

He added that, "We have not seen China's demands yet." He also said: "There has been no folding as the media would love people to believe."

The White House said that Treasury Secretary Steven Mnuchin will lead talks Thursday and Friday with Chinese Vice Premier Liu He aimed at heading off a trade war between the world's two biggest economies.

Commerce Secretary Wilbur Ross, U.S. Trade Rep. Robert Lighthizer, White House economic adviser Larry Kudlow and trade advisers Peter Navarro and Everett Eissenstat will also participate.

The Trump administration has proposed tariffs on up to $150 billion in Chinese products to punish Beijing for forcing American companies to turn over technology in exchange for access to the Chinese market. China has counterpunched by targeting $50 billion in U.S. products.

Trump tweeted his support for ZTE earlier this week, putting the president at odds with the Commerce Department and its decision to impose trade restrictions on the company amid allegations it violated U.S. sanctions.

Trump has also drawn criticism from Democrats and Republicans that the company poses a national security risk. Sen. Marco Rubio, R-Fla., questioned how the U.S. would be able to enforce the "cancellation" of the Iran deal "if we are not going to be enforcing it on companies in powerful countries that are helping Iran evade sanctions already."

Rubio said the Chinese telecom companies are "agents of the Chinese government. And they don't just steal national security secrets, they steal commercial secrets. They will use a ZTE phone to spy on any American company and steal their intellectual property."

Related News

Medicaid estimate renews cost concerns over...

Aug 12, 2016

Government cost estimates for expanding Medicaid to millions more low-income people are increasing...

Studies shine light on mysterious placenta, how...

Aug 12, 2016

Placenta is most mysterious organ: Scientists don't know how this tissue that nourishes a fetus...

3 years into nation's hemp experiment, crop's...

Aug 12, 2016

Three years into the nation's hemp experiment, the crop's hazy market potential is starting to come...

Tepid retail sales lower expectations for US...

Aug 12, 2016

Tepid retail spending in July lowers expectations for US economic growth in coming months

US producer prices slid 0.4 percent in July

Aug 12, 2016

US producer prices fell last month by the biggest percentage since September, pulled down by...

Pressuring Trump, Clinton releases 2015 tax...

Aug 13, 2016

Hillary Clinton and her husband earned $10.6 million last year, according to a tax filing released...

Here at The World Agenda, we bring innovation to digital news for you to keep abreast of worldwide news instantly anywhere.

Contact us: sales[at]theworldagenda.com