United States reached out to China for new trade talks, sources say

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Trump also said he put off challenging China more directly a year ago because he needed its assistance during nuclear talks with North Korea, but he has recently accused China of trying to hinder those discussions.

About half of American firms are making less money, and a similar amount are reporting higher production costs, according to the survey.

Trump threatened a third tranche of tariffs on another $267 billion of Chinese imports last week, which would mean levying duties on almost everything China exports to the U.S. Trump said at the time those tariffs were "ready to go on short notice", but the administration hasn't yet published a list for public comment.

Some businesses are concerned about rising costs of imported materials; others, particularly farmers, about retaliatory tariffs imposed by China and Europe on US exports.

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Stocks in Europe rose earlier as prospects for U.S. Beebe said that could be the consequences of price increases or the psychology around how people make purchasing decisions. Financial markets have been whipsawed this week by conflicting reports on the status of trade talks between the world's two largest economies.

AmCham's survey results come a day after more than 60 USA industry groups launched a coalition called Americans For Free Trade, which aims to halt the White House's proposed tariffs.

"It is hard to see how tariffs that hurt USA companies and US consumers will advance the Government's objectives with respect to China's technology policies", Apple said in its letter. He also wants a sharp reduction in the $375 billion United States trade deficit with China.

"The U.S. administration runs the risk of a downward spiral of attack and counterattack, benefiting no one", Zarit said in statement.

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Chinese Foreign Ministry spokesman Geng Shuang told reporters on Thursday that China welcomed the invitation, and the two countries were discussing the details.

More companies say they will suffer if Trump goes ahead with his planned tariff hike and Beijing retaliates, according to the American Chambers of Commerce in China and in Shanghai.

"Chinese officials said they have grown wary of the Trump administration's unpredictable decision-making process and may be hesitant to accept without a clear sign US negotiators have authority to speak for the president", the original report said. More than half of USA firms are already feeling Beijing's wrath from non-tariff measures like heightened regulatory scrutiny, more inspections and slower customs clearance, according to the survey. The new round would be in addition to $50 billion in Chinese goods that already face a 25 percent duty. Some of them have criticized Trump's tactics but many echo USA complaints about Chinese market barriers and industrial strategy.

Trump's Twitter post is consistent with his recent bravado toward China, but it could make Chinese leaders dubious that Trump will be willing to negotiate a deal.

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