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China opposes U.S. abuse of export control, urges cooperation

China opposes U.S. abuse of export controls and urges the United States to return to a track of cooperation, a commerce ministry spokesman said on Thursday, days before the two countries' leaders are set to meet for talks on trade issues.

On Wednesday, U.S. President Donald Trump said a trade deal with Chinese President Xi Jinping was possible this weekend when the two meet at a summit of leaders of Group of nations (G20) in Japan, but he was prepared to impose tariffs on virtually all remaining Chinese imports if disagreement persisted. Trump has suggested that Huawei could be part of a deal.

On May 31, the commerce ministry said it was working on an "unreliable entities list" after Washington slapped additional tariffs on $200 billion of Chinese goods and added Huawei to the U.S.'s own export blacklist.

China will consider putting foreign firms on a list designating them as "unreliable" if they adopt discriminatory measures against Chinese entities, hurt its industries and threaten its national security, Gao Feng, the spokesman, said. Details of the list will be released soon, he added.

Trump is set to hold much-anticipated trade talks with Xi Jinping in Osaka on Saturday.

On Thursday, the South China Morning Post said the United States and China had agreed to a tentative truce in their trade dispute, citing sources

Asked about a news report of truce in the trade war with the United States, Gao said China welcomed actions that helped reduce tension.