Trump says China woes help USA in trade talks, downplays Apple warning

US manufacturers say Trump tariffs will bring higher prices, not more jobs

US manufacturers say Trump tariffs will bring higher prices, not more jobs

It said the American delegation will be led by the deputy USA trade representative, Jeffrey Gerrish, but offered no other details.

China's leaders have offered to narrow its politically sensitive trade surplus with the United States by purchasing more soybeans, natural gas, and other American exports.

USTR said the U.S. delegation would also include under secretaries from the U.S. Departments of Agriculture, Commerce, Energy and Treasury, as well as senior officials from those agencies and the White House.

Those familiar said other USA attendees include Mr Gil Kaplan, Undersecretary of Commerce for International Trade; Mr Ted McKinney, Undersecretary of Agriculture for Trade and Foreign Agricultural Affairs; and Ms Merry Lin, director for global and Asia economics at the National Security Council.

China on Friday confirmed that a vice ministerial level delegation from the United States will visit Beijing next week for "proactive and constructive talks" to flesh out agreements reached between President Xi Jinping and U.S. counterpart Donald Trump in Argentina last month.

While Trump and other officials have said talks between the two sides are progressing well, they have given few details on concessions that China has made. Officialsfrom both countries spoke on the phone Friday, it added.

Shares in Apple slid nine percent after it announced late Wednesday that it was trimming its sales forecast for the most recent quarter, citing steeper-than-expected "economic deceleration" in China - one of its largest overseas markets - amid the US-China trade war.

Lighthizer's office was also responsible for the original report previous year that laid out allegations of Chinese theft of United States intellectual property and formally kicked off the tariff process.

Stock markets across the globe dropped Thursday after tech giant Apple said sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in the world economy. China's Shanghai Composite and Hong Kong's Hang Seng Index were both up about 2%.

The two governments have raised tariffs on billions of dollars of each other's goods in the fight over US complaints that Beijing violates its market-opening obligations by stealing or pressuring companies to hand over technology.

China's economy has lost momentum in the previous year as the governmenthas tried to curb risky lending.

Despite the December truce, "most firms expect trade war to escalate", the report said.

The talks are going ahead despite tension over the arrest of a Chinese tech executive - Huawei's chief financial officer, Meng Wanzhou - in Canada on USA charges related to possible violations of trade sanctions on Iran. The US government is seeking the extradition of the executive, Meng Wanzhou, over alleged violations of sanctions on Iran.

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