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00:00:00
the US and China appeared deadlocked over trade negotiations Sunday with the White House bracing itself for potential retaliatory tariffs from Beijing just days after the latest round of deal talks collapsed White House economic adviser Larry Kudlow told fox news Sunday that a key sticking point was China's refusal to make changes to its laws those changes centered around the protection of American intellectual property and the prevention of currency manipulation among other issues we would like to see these corrections and an agreement which is codified by law in China not just the State Council announcements we need to see something much clearer and until we do we have to keep our tariffs on that's part of the enforcement process as far as we're concerned but Beijing is holding firm a commentary in the ruling Communist Party paper people's daily due for publication Monday said quote at no time will China for fit the country's respect and no one should expect China to swallow bitter fruit that harms its core interests tensions between the two sides escalated Friday with the U. S. hiking tariffs on two hundred billion dollars worth of Chinese goods after president Donald Trump said Beijing broke the deal by reneging on earlier commitments Kudlow on Sunday said there was a strong possibility trump would follow through with plans to meet with Chinese president xi gin paying in June during the G. twenty summit in Japan meanwhile former defense secretary Robert gates appearing on face the nation said the U. S. has a major problem when it comes to negotiations with China the Chinese have an advantage because they have a strategy we doubled they have set goals they have a strategy for achieving those goals and we really don't have a strategy we haven't had a strategy in quite awhile Kudlow on Sunday also contradicted trump who has said he loves collecting big terrace from China bike knowledge in that it's not China who pays the tariffs , but American companies who import Chinese goods a cost that is often passed on to the U. S. consumer