FIRST AIRED: May 8, 2018

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Transcript

00:00:02
>> China's top economic official will visit Washington next week to pick up talks with the Trump White House to avert a looming trade war. Vice Premier Liu He is one of the Chinese President Xi Jinping's leading economic advisors, his visit will come a week after the first face to face talks between two sides in Beijing.
00:00:20
However, that meeting ended with few breakthroughs beyond an agreement for more talks. White House Spokeswoman Sarah Sanders mentioned next week's visit on Monday, saying the two countries were working on something that quote, will be great for everybody. On Tuesday, Beijing's foreign ministry stopped short of confirming the meeting would happen but said China saw the talks as stepping in the right direction.
00:00:43
>> We have noted US White House spokesperson statement, we believe the shows United States' desire to reach consensus with China on trade issues. This is a positive signal.>> US president Donald Trump has threatened to imposed tariffs on up to $150 billion worth of Chinese goods. He claims that Beijing has stolen US intellectual property.
00:01:05
Last week, the US delegation issued a list of demands to Liu and other officials. Among them, slashing the US trade deficit with China by $200 billion. For their part, China requested that Trump back off his tariff threats and rollback a ban on US companies selling components and software to China's device maker ZTE.