Reuters reports, "Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute. Trade talks between the world's two largest economies broke down more than six weeks ago after U.S. officials accused China of backing away from commitments, prolonging a costly trade dispute that has harmed the global economy and disrupted supply chains. U.S. Trade Representative Robert Lighthizer told a congressional hearing he will speak by telephone with Liu He, China's vice premier and chief negotiator in the trade talks, 'in the next day and a half' and then expects to meet with Liu in Osaka, site of the June 28-19 G20 summit, along with U.S. Treasury Secretary Steven Mnuchin before Trump's meeting there with Xi.
Bloomberg reports, "Both China's Xi Jinping and North Korea's Kim Jong Un have suffered from President Donald Trump's penchant for walking away from talks. Now, he'll have to worry about what they tell each other behind closed doors. Xi's state visit to Pyongyang on Thursday -- the first such visit by a Chinese president in 14 years -- will showcase a renewed camaraderie between two neighbors that battled the U.S. together in the Korean War. The trip also sends Trump a pointed message about China's broader influence ahead of potentially pivotal trade talks between American president and Xi on the sidelines of the Group of 20 summit in Osaka, Japan. For Kim, it's another chance to demonstrate he's got options beyond a third meeting with Trump, after the second ended in collapse in February. The North Korean leader may find a more receptive audience for complaints about U.S. after Trump rejected China's latest trade offer last month."
The Wall Street Journal reports, "China has decided to retain antidumping and antisubsidy tariffs on U.S. distillers' dried grains, a livestock feed the U.S. farm industry has tried for years to promote among Chinese feed mills. The decision followed requests by the U.S. Grains Council earlier this year to review the tariffs imposed in 2017, given changes in the Chinese market and concerns about the public interest, the Ministry of Commerce said Wednesday. After a two-month investigation, the ministry said it was necessary to maintain the tariffs because if the measures were terminated, U.S. products could return to the Chinese market in large amounts. The ministry cited difficulties faced by some domestic producers despite the tariffs on U.S. competitors. Wednesday's decision means the antidumping duties of 42.2%-53.7% and antisubsidy tariffs of 11.2%-12% on distillers' dried gains from the U.S. will last through 2021."