Chinatopix Via AP / AP
In this Aug. 1, 2016 photo, laborers work in the steel market in Yichang in central China’s Hubei province. China has expressed “grave concern” about a U.S. trade policy report that pledges to pressure Beijing but had no immediate response to President Donald Trump’s plan to hike tariffs on steel and aluminum. The Commerce Ministry said Friday, March 2, 2018, that Beijing has satisfied its trade obligations and appealed to Washington to settle disputes through negotiation.
Saturday, March 3, 2018 | 10 a.m.
BEIJING — A person briefed on the matter says President Xi Jinping's top economic adviser has told U.S. business leaders in Washington that China hopes the White House will revive high-level dialogue on economic disputes and name a new chief liaison to defuse mounting trade tensions.
The person said Liu He told a round-table of executives, including former Treasury Secretary Hank Paulson, that he would take charge of China's economic reform efforts later this month and sought a list of U.S. demands for what China could do to ease tensions. They requested anonymity to discuss a confidential meeting.
Liu was dispatched to Washington to smooth over ties with China's largest trading partner. But the trip has been overshadowed by President Donald Trump's announcement Thursday of tariffs on steel and aluminum imports.
