Donald Trump’s chief looking to negotiate changes to china economic system

Vastavam web: U.S. President Donald Trump’s chief trade negotiator said on Tuesday he was not looking to negotiate changes to China’s state-driven economic system in trade talks in Beijing this week but would seek to expose it to more foreign competition.U.S. Trade Representative Robert Lighthizer told the U.S. Chamber of Commerce he viewed the talks with top Chinese officials on Thursday and Friday as the start of a long learning process for Washington and Beijing to better manage their trade differences.Lighthizer will be part of a Trump administration delegation that includes U.S. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, White House trade and manufacturing adviser Peter Navarro and new White House economic adviser Larry Kudlow.

Ross said earlier on Tuesday that Trump was prepared to levy tariffs on China if the delegation did not reach a negotiated settlement to reduce trade imbalances.But Ross and Navarro, who spoke to steel company executives in Washington on Tuesday, both said any final decision would be made by Trump.

Lighthizer downplayed the potential imposition of tariffs on China in his remarks to the most powerful U.S. business lobby, which has opposed tariffs to try to force changes in China’s trade practices.