Trump says China will Eliminate trade Hurdles - Tweet

Trump says China will take down trade barriers because it's 'right thing to do'

"President Xi and I will always be friends, no matter what happens with our dispute on trade", Trump tweeted Sunday morning.

The further tariffs were being considered "in light of China's unfair retaliation" against earlier USA trade actions, which included a proposed $50 billion of tariffs on Chinese goods, Trump said in a White House statement on Thursday. "A deal will be made on [trade]".

The president also mentioned the dispute may have ended on good terms, saying both countries will continue to have a 'great future'.

China retaliated by unveiling planned levies on US$50 billion worth of major United States exports including soybeans, cars and small aircraft.

'We call on the global business community including the United States industrial and commercial circles to take prompt and effective measures and urge the USA government to correct its errors, ' it said.

But China had ample weapons and ammunition to fight a trade war, the Global Times said.

The new White House economic adviser, Larry Kudlow, said on Sunday a "coalition of the willing" - including Canada, much of Europe and Australia - was being formed to pressure China and that the U.S. would demand that the World Trade Organization be stricter on Beijing. Kudlow said tariffs have only been proposed, and are now undergoing a public preview process; no final decisions have been made.

Larry Kudlow, Trump's new top economic advisor, has expressed interest in negotiating with the Chinese as the tariffs are all still proposals and nothing is official. "So far, no tariffs and no action have been enacted".

"I don't think there's any trade war in sight", Mr. Kudlow said on "Fox News Sunday".

Another adviser, Peter Navarro, told NBC's "Meet the Press" that while "there are discussions" with the Chinese, the United States is moving forward on tariffs and investment restrictions against Beijing.




The advance in the Dow Jones Industrial Average since Trump's inauguration is now 20.7 percent, placing the former NY real estate developer in eighth position at this point in his tenure among presidents since 1900, according to data compiled by Bloomberg.

White House officials tried to downplay the threat of an all-out trade war with China as the heartland becomes an early casualty.

The Chinese government exuded confidence in the aftermath of the implementation of new tariffs and the Chinese Vice Minister of Finance declared that "China is not afraid of a trade war". China rarely inflames sensitive issues in public.

The United States, charging China with unfair trade practices and theft of intellectual property, proposed some $50 billion in tariffs on Tuesday - 25 percent tariffs on more than 1,300 Chinese industrial and other products from flat-panel televisions to electronic components.

After the USA unveiled a list of $50 billion in potential tariffs on Chinese products, Beijing responded with plans to implement billions in penalties beans, on US soybeans, cars and other items.

The President failed to offer a reason for the announcement or mention if China had indicated that it planned to drop its tariffs.

The U.S. list of affected Chinese products had included high-tech items in areas like aerospace and pharmaceuticals, while China had proposed new levies on U.S. products like soybeans and whiskey.

Gains in USA equities prices since Trump was inaugurated - which Trump, along with his family and members of his administration have regularly claimed credit for - have eroded since late January, and trade tensions have been behind some of the reversal.

The president has long talked up his friendship with Xi, whom he has praised for consolidating power in China despite its limits on democratic reforms.

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