The Business and Industry Council said China`s undervaluation level was at least 40 percent, and said tariffs were the only way to remedy this: “Nothing else has worked, nothing else will work.” [27] Two days before the two sides signed a provisional trade deal, the US Treasury dropped its characterization as China`s monetary manipulator. James Andrew Lewis, of the Center for Strategic and International Studies, said what the U.S. needs in China is the obligation to abide by the rules and standards of international trade and extend mutual treatment to U.S. companies in China. [316] The U.S. White House reportedly canceled a trade planning meeting with two Chinese vice ministers before trade talks in Washington D.C. .