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Washington will also press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China, the statement from the White House said.

U.S. President Donald Trump's earlier threats of tariff hikes resulted in very intense negotiations with Beijing "in a way that we haven't seen for so many years", said William Zarit, chairman of the American Chamber of Commerce in China.

The White House also says the USA is planning new investment restrictions and export controls. The final list of covered imports subject to penalty will be announced by June 15 and imposed shortly thereafter.

Xi's address at the opening of the joint annual conference of the Chinese academies of sciences and engineering therefore addresses the crux of the whole trade deficit issue - China's uncompromising focus on acquiring core technologies.

The change would come as President Donald Trump's administration attempts to crack down on what it says is theft of United States intellectual property by China.

The US state department will implement measures from June 11 to "enhance security for some Chinese visa applicants", the official said.

Hua gave no indication whether Beijing planned to act on its threat to retaliate by raising duties on a US$50 billion list of United States goods, including beef and soybeans.

The tariffs and investment restrictions, as well as a case brought by the U.S. against China before the World Trade Organisation, are the outcome of an investigation launched previous year into intellectual property practices in China.

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"I wouldn't say we are in favor of, specifically, export controls, investment restrictions", Zarit said at a news conference. A delegation led by U.S. Commerce Secretary Wilbur Ross is due to arrive Saturday in China.

After Beijing promised to retaliate in kind to any duties, the president raised the ante to slap tariffs on an additional $100 billion in Chinese goods.

This reductions may help the two nations reach a consensus at trade talks scheduled for this weekend. "We should not act in the opposite manner", Hua said, referring to emerging USA visa policy. In particular, China's favoring of its own companies over foreign firms and its handling of intellectual property rights, or lack there of, with companies that do business on the mainland.

In addition to the bilateral talks with Beijing, the U.S. also will continue to pursue the complaints filed in the World Trade Organization as well as the cases against individual products.

The Trump administration has already won a WTO trade dispute with China in February.

According to China, it was a surprise movement that totally opposes the two countries' agreement.

Trump has long said that China has taken advantage of the United States with unfair trade practices, including industrial subsidies and prohibitive trade barriers.

But Navarro told host Maria Bartiromo on Wednesday: "This is a trade dispute that we are having with China".