Trump Needs Specifics From China to Unjam Talks, U.S. Group Says
- Chinese offer must be ‘immediate, measurable,’ says USCBC
- Action needed on trade and intellectual property issues
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To restart trade negotiations with the U.S., China must offer a package of measures that slashes the bilateral trade surplus, lowers import tariffs, provides better protection for intellectual property and stops forced technology transfers.
That’s according to Jacob Parker, the vice president for China operations for the U.S.-China Business Council in Beijing. While China can likely do more to cut tariffs and reduce its trade surplus with the U.S. beyond previous offers, there are still wide differences between the two on structural issues including technology transfers, he said.