Trump sending high powered trade delegation to China
US President Donald Trump is sending a high-powered trade delegation to China later this week to hold high level discussion with the Chinese leadership on the dispute between two nations on trade and economic issues.
The delegation to be led by Treasury Secretary Steven Mnuchin includes the Commerce Secretary Wilbur Ross and the US Trade Representative Robert Lighthizer.
Trump's top advisors on trade and economic policies Larry Kudlow and Peter Navarro would also be part of the US delegation, the White House said.
In the last one month, Trump has taken a series of measures to address the challenge of massive USD500 billion trade deficit with China. Prominent among them being increasing import duties on steel and aluminium and proposing to do the same with several hundred other Chinese items.
China too has responded by retaliatory actions. Trump has said that such a huge trade deficit with China is not acceptable to his administration.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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