China's trade surplus with USA eases as Trump visits

China's trade surplus with USA eases as Trump visits

China's trade surplus with USA eases as Trump visits

US President Donald Trump arrived in China last night as part of his Asia trip and many are wondering how the president has managed to keep tweeting while within the communist nation's censorship apparatus. And during tea time, Trump and Xi bonded over video clips of Trump's granddaughter singing and reciting ancient poems in Chinese.

President Donald Trump nodded appreciatively as China's Xi Jinping showcased a centuries-old temple in Beijing's Forbidden City.

USA and European trade officials have complained for years that despite China's promises of opening, their companies face an imbalance in tariffs for market entry, intellectual property theft, forced technology transfers and targeted rules that make doing business in China unfair compared with the access Chinese companies have overseas.

Trump's predecessor, Barack Obama, spoke out in support of free speech in two visits to China.

As Trump toured the Forbidden City, his commerce secretary Wilbur Ross joined his Chinese counterpart Wang Yang in Beijing's Great Hall of the People to oversee the signing of $9 billion of deals for everything from Montana beef to water purification equipment.

"I'm sure we've got the gear aboard this airplane to allow that to happen", the official continued. The accusations of alleged currency manipulation, restriction of market access and intellectual property theft by China have been subdued as well.

"On behalf of @FLOTUS Melania and I, THANK YOU for an unforgettable afternoon and evening at the Forbidden City in Beijing, President Xi and Madame Peng Liyuan".

The president said he was "having a great time" and at one point exclaimed "wow". "With President Trump, they think that the state-visit plus treatment will impress him and buy China some good will", Bonnie Glaser, China expert at the Center for Strategic and International Studies in Washington, told AFP.

Lin-Manuel Miranda to Star in 'Hamilton' in Puerto Rico
The show will continue its tradition of a $10 lottery for a portion of the seats. THR reports " Hamilton " will be staged at Teatro UPR in San Juan.

The Trump administration has been sending signals that it will maintain an Asian presence, for instance, boosting the so-called freedom of navigation missions in the South China Sea, which are aimed at undermining China's claims.

Xi said the girl deserved an "A+", Xinhua reported. "We hope all parties do things that are conducive to better relations, trust and mutual understanding".

At the start of the day, Trump abandoned a surprise visit to the Demilitarized Zone (DMZ) that divides the two Koreas because of bad weather, leaving him "pretty frustrated" according to the White House.

Trump is expected to demand that China curtail its dealings with Pyongyang and expel North Korean workers.

The Trump administration sees Beijing as the key to controlling North Korea, which depends on China for its economic survival and 90 percent of its trade.

"China has almost exhausted its leverage over North Korea", he says, "and the North is becoming increasingly hostile towards us". Beijing perceives the water mass, which is vital for its maritime trade and may become a major source of hydrocarbons in the future, as rightfully belonging to China.

But so far Chinese officials have been wary at the prospect of taking more punitive measures against North Korea. "It has to come down", Trump said Monday in Japan, before signaling that the United States "will take very, very strong action" against countries that he believes have taken advantage of the US. Trump said last week that the $347 billion (€299 billion) trade deficit with China was "so bad that it's embarrassing".

Both issues are prioritized in China as well. The US says the area should belong to no one, remaining legally open for America's own military patrols.

Related news