China plans to present President Donald Trump with a list of demands on the U.S. before any trade can be reached, the Wall Street Journal reported Thursday morning.
Those demands include the U.S. lifting its ban on selling U.S. technology to Huawei and dropping the tariffs already imposed, the Wall Street Journal reported.
From the Wall Street Journal:
Among the preconditions, said Chinese officials with knowledge of the plan, Beijing is insisting that the U.S. remove its ban on the sale of U.S. technology to Chinese telecommunications giant Huawei Technologies Co. Beijing also wants the U.S. to lift all punitive tariffs and drop efforts to get China to buy even more U.S. exports than Beijing said it would when the two leaders last met in December.
President Xi Jinping plans to present these demands to President Donald Trump when the two leaders meet in Osaka, Japan.
The demands make it less likely that the U.S. and China will reach a deal in the near-term. Indeed, the Chinese terms are likely to be viewed as so onerous that they may prevent the two sides from formally re-opening trade talks. U.S. officials believe that the already imposed tariffs should remain in place even if a trade deal is reached.