President Donald Trump signed a pair of executive orders Friday focused on reducing the trade deficit just days before he holds his first meeting with his Chinese counterpart.
"It will demonstrate the administration's intention not to hipshoot, not to do anything casual, not to do anything abruptly", Ross told a White House briefing. But foreign trade has also created savings by USA consumers for helping to reduce prices for clothing, cars and furniture, among other items.
"China will continue to work with the United States to think creatively and keeping pushing for greater balance in China-U.S. trade", Zheng said.
Trump has resisted acting on a campaign promise to declare China a currency manipulator on his first day in office, but tensions have persisted over how his administration's China policy would evolve.
Ni Shixiong, a professor at Fudan University's Center for American Studies in Shanghai, said the talks may push Trump to clarify his positions on key issues regarding China, including Taiwan and North Korea.
"China has been taking out massive amounts of money & wealth from the USA in totally one-sided trade, but won't help with North Korea", then president-elect Trump wrote in January.
Over the past four years, Thailand has had a trade surplus with the USA - $8 billion in 2013, $9 billion in 2014, $9.8 billion in 2015, and $12.2 billion in 2016.
The report, Ross said, will examine whether deficits are being driven by things like cheating, specific trade obligations, lax enforcement and World Trade Organization rules.
Ross took pains to say that currency misalignment was not the same as manipulation, and only the U.S. Treasury could define currency manipulation. "We'd like the rhetoric and the behaviour to become more congruent", he said.
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One order calls for the completion of a large-scale report that will track trade deficits country-by-country and product-by-product, while the other would improve the collection of duties on imports.
We'll start the program today with a look ahead to President Trump's meeting this week with Chinese President Xi Jinping. The order will establish more effective bonding requirements, among other measures.
"With regard to the problems existing between China and the United States in trade relations, both sides should, in a mutually respectful and mutually beneficial way, find appropriate resolutions, and ensure the stable development of Sino-US trade relations".
"We're not here for tweets", Navarro shot back at a reporter who asked about the tweet.
The U.S. trade deficit totaled $502.3 billion past year, a slight increase from 2015, according to the Commerce Department.
While economists concede the benefits of trade can be uneven, they argue the job losses that Trump blames on trade pacts can largely be attributed to automation.
Trump has portrayed trade deficits as strangling economic growth and devastating factory jobs at home.
The report also brought up longstanding complaints about online piracy of movies, books, music, video games and software in China as well as a ban on USA beef that has been in place since 2003.