DONALD Trump and Xi Jinping have arrived for showdown talks in Japan aimed at resolving their two countries bitter trade war.
Beijing has reportedly drawn up a list of demands to end the trade war, the next round of which could see the US President slap an additional $300 billion in tariffs on Chinese goods.
The pair are due to meet on Saturday on the sidelines of the G20 Summit, taking place in Osaka.
A key Chinese demand is that the United States removes a ban on the sale of technology to Huawei, which has been blacklisted amid espionage suspicions.
Beijing also wants the Trump administration to lift previous punitive tariffs and drop efforts aimed at getting China to buy more US exports, the Wall Street Journal reported.
Chinese officials said Xi was not expected to take a confrontational stance with his US counterpart and will offer to help America in its dealings with North Korea, the paper reported.
“We urge the US to immediately cancel its pressure and sanctions measures on Huawei and other Chinese companies,” CNBC reported Ministry of Commerce spokesman Gao Feng saying.
“Those who are ultimately hurt are US companies and consumers.”
Trump has already imposed levies on $200 billion worth of Chinese imports in a bid to force the country to clamp down on intellectual property theft.
He said he was ready to go ahead with “Phase 2” of his plan to impose tariffs on Chinese goods currently not covered by the levies.
“You have another $325 billion that I haven’t taxed yet – it’s ripe for taxing, for putting tariffs on,” he told Fox.
“My Plan B with China is to take in billions and billions of dollars a month and we’ll do less and less business with them.”
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The US and China were close to a deal in May but the talks broke down.
Trump has signalled that would start with 10 per cent on items including such consumer mainstays as clothing, mobile phones and laptop computers.
That was the tactic he used with the last round of tariffs and he then ramped them up to 25 per cent when he felt China wasn’t taking action to address US concerns.
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