China says it's preparing retaliatory tariffs against US - Tariffs are a threat to European businesses, economists warn - Steel workers react to EU exemption
China is trying to highlight it is open to importing more at a time it is under pressure to open its markets further. Critics say it is more talk than action.
Asian shares have jumped to three-week highs following a report that US President Donald Trump is aiming for a swift trade deal with China. The news came only days after Washington had threatened more punitive tariffs.
Washington has banned exports to the Chinese state-controlled chipmaker accusing Fujian of stealing intellectual property. The move comes amid reports that the US plans to slap tariffs on all of China's imports.
The US does not want a "Cold War" policy towards China, US top diplomat Mike Pompeo said at a high-level summit with Chinese officials in Washington. The two sides traded blows over militarization in the South China Sea.
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