The Vice President said Mr Trump, who meets Mr Xi in Buenos Aires at a G20 meeting on November 30, is leaving the door open for a deal but only if Beijing commits to meeting his demands.
A string of comments from both the United States president himself and his top economic advisor Larry Kudlow over the past several weeks indicated that there is movement towards a deal. "We didn't know that before but that's a certainty".
Speaking at the Center for Strategic and International Studies, Navarro said that "globalist billionaires" from Wall Street banks and hedge funds were "unregistered foreign agents" acting as part of a "Chinese influence operation" attempting to pressure President Donald Trump into cutting a trade deal with China.
When asked about a report that China this week had presented a list of possible concessions ahead of the talks, Mr Ross said in an interview on Thursday (Nov 15) that everything leading up to the meeting is just "preparatory".
Three US government sources said that China had sent a response to US demands on those and other issues.
A US team led by Treasury Under Secretary David Malpass discussed trade issues with a Chinese team via videoconference on Tuesday, a US Treasury spokesperson said on Wednesday.
"We have another $267bn [in tariffs ready] to go, if we want to", he said.
Trade tensions have escalated between Beijing and Washington this year as Trump has slapped $250 billion of Chinese products with new tariffs.
In an address to a Washington think tank on Friday, Mr Navarro, head of a White House trade council, said Wall Street figures were pressuring the White House to reach a resolution with Beijing.
Trade talks could hinge on whether tariffs rise in January.
"This is a follow up to Pence's speech at the Hudson Institute, which was widely seen as a announcing a full frontal cold war stance with China, and that follows itself from the publication of the National Defense Strategy at the beginning of this year, which obviously changes the priorities of USA foreign security policy", Woodward told hosts Brian Becker and John Kiriakou.
"China respects United States sovereignty, security, and development interests", she told a daily news briefing in Beijing.
"Then so be it", Pence said. "But it will depend on both sides".
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