US Vice President Threatens China with 'All-Out Cold War'

China needs to make policy changes to avoid cold-war situation: Pence

The US-China trade war, after upsetting the demand and supply forces and wasting billions on taxes, is finally headed towards a dialogue.

The U.S. president has repeatedly criticized Chinese practices of industrial subsidies, intellectual property theft, the lack of a level playing field for U.S. companies in China and the trade deficit.

While two industry sources familiar with the contents of the response told Reuters it was largely a restatement of previous Chinese commitments, it was seen as a necessary starting point for continued negotiations.

If China wants to avoid a cold-war scenario anytime in the future then it needs to make massive changes in its economic, military and political activities as demanded by the States, said Vice President of the United States Mike Pence. "If and when there is a deal, it will be on President Donald J. Trump's terms - not Wall Street terms", Navarro, a former economics professor, said during a speech at the Center for Strategic and International Studies in Washington.

When those tariffs went into effect earlier in the year, Malmstrom acknowledged the European Union had targeted some iconic American imports like Harley-Davidson motorcycles and bourbon to put pressure on US leaders.

The United States had said it would not start formal negotiations on trade until it saw concrete proposals from China to address its concerns. "We're convinced China knows where we stand", Pence said.

Chinese Commerce Ministry spokesman Gao Feng, asked on Thursday about the Chinese response, said that "high-level" contact had resumed since Trump and Xi spoke by phone. "The working groups of the two countries are now maintaining close contacts in order to implement the agreements reached by the leaders in the telephone conversation", Gao Feng, the Chinese Commerce Ministry's spokesman told a briefing.

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The US and China have resumed contact "at all levels" over trade ahead of a planned meeting between President Donald Trump and China's Xi Jinping, White House economic adviser Larry Kudlow said.

Future trade talks could hinge on whether or not tariffs rise on January 1.

The opening bid falls short of numerous core demands the White House has repeatedly detailed as must-haves in trade talks with Beijing, including addressing technology transfers and intellectual property theft, according to one of the people briefed. Top US officials have sent conflicting signals in recent weeks. But everything depends on the country whether it wants to avoid a cold-war situation any time soon or not, Pence further added.

He advised the Chinese government to come with concrete proposals that address all the issues now going on with the USA including respect for worldwide rules and norms, rampant intellectual property theft, forced technology transfer and restricted access to Chinese markets.

Responding to Pence's remarks, Chinese Foreign Ministry spokeswoman Hua Chunying said China had always been a "model student" when it came to respecting global rules and norms.

Washington should "respect China's sovereignty, security and development interest, as well as the path of development chosen by the Chinese people", said the spokeswoman, Hua Chunying.

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