'If China, US reach a phase-one deal, both sides should roll back existing additional tariffs in the same proportion simultaneously,' China said.

President Donald Trump has said he plans to impose 10 per cent duties on an additional USD 300 billion of Chinese imports.

Eminent economist Arvind Panagariya said as the large multinationals 'are coming out' of China, 'it is an opportune time for India to do whatever it will take to bring these multinationals to the Indian shores'.

China last week defended its repeated attempts to block the listing of the Jaish-e-Mohammad chief as a global terrorist.

The spokesperson in the American embassy said Washington will continue to work with the UN sanctions committee to ensure that the designation list is updated and accurate.

A high-powered Chinese delegation is currently in the US for talks with the US on a trade deal.

In addition to the US turning a blind eye to Pakistan's nuclear weapons programme, China also convinced the US to start giving more military and financial aid to Pakistan.

The policy guidance establishes a clear framework for disposition of authorisation requests for transfers to China that are currently on hold because of military diversion and proliferation concerns.

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With regard to Russia, CAATSA arises from the country's "aggression in Ukraine, annexation of Crimea, cyber intrusions and attacks, interference in the 2016 elections, and other malign activities," the State Department said.