Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.