THAILAND will be among 16 countries to be targeted by the Donald Trump administration in its attempt to narrow the United States' massive trade imbalances.
"We've under collected 2.8 billion of these duties" said Peter Navarro, a top Trump trade advisor outlining the plan.
Earlier this month, a senior U.S. administration official told CNN that Trump planned to host Xi at his estate. China is a primary source of steel dumping in the United States, which has disrupted the domestic market for steel and hurt USA steel manufacturers.
SCOTT HORSLEY, BYLINE: Trump tweeted he expects his meeting with President Xi to be, quote, "very difficult" adding the US can no longer have what he calls massive trade deficits and job losses. Let's not make this a China story.
"China will continue to work with the United States to think creatively and keeping pushing for greater balance in China-U.S. trade", Zheng said.
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.
Officials will have 90 days to produce a country-by-country, product-by-product report that will serve as the basis of future decision-making by the administration on trade-related issues.
"It will demonstrate the administration's intention not to hip shoot, not to do anything casual, not to do anything abruptly, but to take a very measured and analytical approach", said Ross, adding that the administration might take actions before the report has been fully compiled.
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"China-US share trade and economic linkages which are highly complementary", Lu said.
Harking back to the friendly and relaxed relationship between President Xi and President Obama, Wang Xiangwei notes that while "U.S. officials proposed Sunnylands in 2013, it was China that reportedly pushed for an invitation to Trump's private resort".
Ross took pains to say that currency misalignment was not the same as manipulation, and only the U.S. Treasury could define currency manipulation.
The tool has been in the U.S.'s trade arsenal but has been rarely employed, according to Spicer. "We'd like the rhetoric and the behaviour to become more congruent", he said.
"This is a story about trade abuses, this is a story about under-collection of duties, this is a story about 40 countries that basically subsidize their products unfairly and send them into our country or dump their products".
The U.S. trade deficit totaled $502.3 billion previous year, a slight increase from 2015, according to the Commerce Department.
Trump, with a "transactional" view on worldwide relations, is "by nature more likely to accept China's proposal for a relationship featuring non-conflict, non-confrontation, mutual respect and win-win cooperation", said Ngeow Chow Bing, a researcher from University of Malaya. 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. A study released this week by the National Bureau of Economic Research estimates that robots account for up to 670,000 lost factory jobs between 1990 and 2007.