China's Xi to present Trump with terms for settling trade deal: WSJ

Chinese President Xi Jinping is expected to present U.S. President Donald Trump with the terms it expects the U.S. to meet before Beijing is willing to settle the countries' contentious trade fight.

The Chinese Ministry of Commerce"We urge the U.S. to immediately cancel its pressure and sanction measures on Huawei and other Chinese companies, and push for the stable and healthy development of China-U.S. trade relations," Gao Feng, spokesman for the Ministry of Commerce said in Mandarin, according to a CNBC translation.

Gao added the China is unchanged on its position on the trade dispute, as laid out by lead negotiator and Vice Premier Liu He in May.CNBC's Evelyn Cheng and The Associated Press contributed to this report.

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