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Commerce Secretary Says Trump-Xi Talks Will Address Trade Imbalances

(Matthew Miller – Reuters)

Meetings between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing this week will focus on addressing trade imbalances between the two countries, U.S. Commerce Secretary Wilbur Ross said on Wednesday.

Ross was speaking at a signing ceremony in the Chinese capital for commercial deals worth about $9 billion on Trump’s visit.

Trump has ratcheted up his criticism of China’s massive trade surplus with the U.S. - calling it “embarrassing” and “horrible” last week – and has accused Beijing of unfair trade practices, fueling worries of increased tension between the world’s two largest trading countries.

“Addressing the imbalance in China trade has been the central focus of collaborative discussions between President Trump and President Xi and achieving fair and reciprocal treatment for the companies is a shared objective,” Ross said. Click here to read more.