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Hopes Low as U.S., China Resume Trade Talks
The U.S. and China are to resume trade negotiations today in Washington, D.C., but expectations of a major breakthrough are next to nil.
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The U.S. and China are to resume trade negotiations today in Washington, D.C., but expectations of a major breakthrough are next to nil.
Analysts say a modest deal may be possible. But months of talks have produced no movement on the biggest demand by the Trump administration: that China stop using illicit methods to extract and develop technologies from Western companies.
The U.S. also bruised the likelihood of progress this week by blacklisting several Chinese tech companies. The Dept. of Commerce claims China is using artificial intelligence and facial recognition technologies developed by the companies to control and repress its Muslim population.
The Trump administration currently is imposing tariffs on more than $360 billion worth of Chinese goods, with plans to cover an additional $160 billion on Dec. 15. China has responded to date with levies covering $120 billion worth of U.S. products.
Some analysts believe China will try to focus this week’s talks on modest but achievable trade deals and win a reprieve from additional tariffs.
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