US Officials to Pressure China on Trade at Beijing Summit
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US officials visiting Beijing this weekend will press China to limit textile exports and crack down harder on piracy, reflecting pressure for trade concessions ahead of US elections in November, economists and trade lawyers said.
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In advance of sending a high-level U.S. delegation to Beijing, the Bush administration on Friday said China must move faster on reforms addressing America's soaring trade deficit or run the risk of a protectionist backlash.
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American and Chinese officials ended two days of economic talks Thursday by calling for calmer heads to avoid trade spats after clashing over who was responsible for Beijing's massive trade surplus.
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Global finance chiefs sought a way  on Friday to put pressure on China to let its currency rise in  value to ease global trade imbalances and also aimed to craft a  message to soothe turbulent financial markets.
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Officials of the United States textile industry said that they would petition to block the expected flood of Chinese imports.
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President Bush is likely to raise U.S. concerns about China's currency policies when he meets at a summit in Chile with Chinese President Hu Jintao, a senior U.S. official said on Wednesday.
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Soaring oil prices may again hijack  Friday's gathering of finance chiefs from the world's top  economic powers, though a U.S. drive to pressure  China over  currency policy was gathering steam on Thursday.
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Taiwan will top the agenda when US Secretary of State Colin Powell visits Beijing, a Chinese Foreign Ministry spokeswoman said yesterday, calling for Washington to end arms sales to the self-ruled island.
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Lawmakers on Friday urged the U.S.  and Chinese governments to follow two days of high-level talks  on trade and economic concerns with concrete action.
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The United States sees potentially  escalating trade friction with China next year as Beijing is  stepping up restrictions on foreign investment and recent U.S.  Congressional elections create uncertainty, a U.S. trade  official said on Friday.
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The Senate is likely to pass a bill  aimed at forcing Beijing to change its currency policies by  threatening a 27.5 percent tariff on Chinese exports to the  United States, a top Republican senator said on Thursday.
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Federal Reserve Chairman Ben  Bernanke will accompany Treasury Secretary Henry Paulson and  other cabinet officials to Beijing next month to try to  persuade China to alter its economic policies, senior U.S.  government officials said on Thursday.
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A top U.S. commerce official said he told China to expect American textile makers to seek new limits on Chinese imports as soon as next week, as he also urged Beijing to do more to stop piracy and lower trade barriers.
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Senior U.S. and North Korean officials plan to meet in Beijing on Wednesday as they try to prepare for fresh multilateral talks on ending Pyongyang's pursuit of nuclear arms, the State Department said on Tuesday.
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China sought to assure its trade partners on Thursday that its food products were safe, after the United States called Chinese food exports a "top concern" and pressed Chinese officials to strengthen oversight.
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A senior American trade official said here today that the United States would limit apparel imports from China if American manufacturers provided evidence that such limits were needed.
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NASA chief Michael Griffin is to hold talks Sunday with Chinese space officials, the US embassy said, in what would be the first visit to China by the head of the US space agency.