China warns US sanctions will void trade talks

President Trump and Chinese president Xi Jinping during Trump's visit to China last November. The US has threatened

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The talks were led by US Commerce secretary Wilbur Ross and Chinese Vice-Premier Liu He in Beijing.

"Chinese officials know these talks are precarious, but may underestimate the domestic political cost Trump now sees in lifting the ZTE ban without major concessions from China", said Andrew Gilholm, the director of China analysis at Control Risks, a political and security consulting firm.

China had agreed last month in Washington to "significantly increase" its purchases of us goods and services, Reuters reported.

"China is willing to increase imports from other countries, including the United States, to satisfy the Chinese people's increasing consumption needs and the country's high-quality economic growth", the statement said.

Asked specifically on Fox's "Sunday Morning Futures" if the U.S.is willing to throw away its relationship with China by proceeding with threatened tariff hikes, Peter Navarro, director of the White House National Trade Council, pointed in part to an unfair relationship involving a multi-billion dollar trade deficit, Defense Secretary Jim Mattis' warning of China's activities in the South China Sea and the threat of China stealing USA intellectual property.

Mr Ross's China visit comes days after Washington threatened to impose extra tariffs on $50bn of Chinese goods.

Trade analysts warned Ross's hand might be weakened by the Trump administration's decision Thursday to go ahead with tariffs on steel and aluminium imports from Canada, Europe and Mexico.

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The 50-member strong USA raised topics including additional Chinese purchases of United States exports.

Ross left Beijing for Washington early Sunday evening.

He says steel tariffs will protect U.S. steelmakers, which he says are vital to national security.

Treasury Secretary Steven Mnuchin, who announced the tariff truce with China, said at the G7 summit in Canada that the United States was pushing for "structural changes" to the Chinese economy.

"Our meetings so far have been friendly and frank, and covered some useful topics about specific export items", Ross said, in brief comments before reporters. "This is about structural changes", Mnuchin said Saturday.

United States tensions with China had eased after Beijing promised on May 19 to "significantly increase" purchases of farm goods, energy and other products and services following the last round of talks in Washington.

The world's two largest economies have been at loggerheads over trade and industrial practices for months with the talks under way in the Chinese capital the third formal round of negotiations.

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"But I also fundamentally believe that if there are structural changes that allow our companies to compete fairly, by definition, that will deal with the trade deficit alone". China balked at making concessions unless the US lifted the tariff threat.

The two-day talks in Beijing which ended on Sunday followed an earlier round in Washington where officials had met to discuss the situation.

The U.S. government has said a team of commerce, treasury and agriculture officials were in Beijing to make preparations.

China too threatened a tit-for-tat retaliation but blinked in the end with a categorical undertaking to import more goods from the United States, sparking off concerns over the likely trade war between the two countries.

China's delegation included central bank governor Yi Gang, Commerce Minister Zhong Shan, and Ning Jizhe, a deputy head of the National Development and Reform Commission, a powerful planning body.

The U.S. team had also wanted to secure greater intellectual property protection and an end to Chinese subsidies that have contributed to overproduction of steel and aluminum.

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