Presidents’ top economic aide plans US trip amid trade row

President Xi Jinping’s top economic advisor Liu He will head to the US next week in a sign of an expanded role managing the mounting trade tensions between the governments in Beijing and Washington, a source said.

As US President Donald Trump considers harsh tariffs on steel and aluminum imports from China, Liu’s visit could mean yet another mandate for the Harvard-educated advisor whose understanding of the US and ties to local business leaders could help ease friction between the governments.

Expected to be appointed vice-premier in charge of financial policy by the National People’s Congress next month, Liu, 66, also has been named by analysts as a possible candidate to head China’s central bank. Liu is scheduled to arrive in Washington on Tuesday, the source said. He will be the second member of the powerful 25-member Politburo to travel to the US this month. China’s top diplomat Yang Jiechi visited earlier in February, an indication of how much attention China is giving to ties with the US as the rhetoric out of Washington becomes more pointed.

Earlier this month, China’s ambassador to Washington warned the Trump administration against adopting a confrontational approach toward China. In December, Trump called Russia and China “rival powers” when he unveiled his first national security strategy.