U.S., China Are Close to a Trade Deal?but the Trade War Could Continue
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Summary
That would help sell the deal to the president who has pledged to reduce the chronic U.S. trade deficit with Beijing.Trump on Friday asked China to immediately remove all tariffs on U.S. agriculture, though he didn’t indicate if his demand was limited to retaliatory duties or more far-reaching.But Lighthizer and his team are more focused on China making structural changes to its intellectual property practices and policies that require U.S. companies to transfer their technology to Chinese entities as a condition of doing business in the country.Trump’s deal will most definitely be scrutinized by Democrats and more hawkish members of his own party who have been outspoken about the need for the president to hold a tough line in the talks with Beijing.
As said here by Jenny Leonard, Bloomberg