Top American and Chinese negotiators are set to speak by phone this week in an effort to revive stalled trade talks, as discord over prior commitments and political considerations threaten to bog down discussions.
President Trump and Chinese President Xi Jinping agreed at the Group of 20 leading economies meeting in Osaka, Japan, in June to formally resume talks. Yet people following the process say that the issues that snagged talks two months ago remain.
Among sore spots: U.S. demands for China to buy more American agricultural and industrial products and to enforce protection of intellectual property and China’s insistence that the U.S. remove tariffs on $250 billion in Chinese goods.
“One side or the other can always cave and talks can wrap very quickly, but, barring that, Osaka was conflict limitation, not conflict resolution,” said Derek Scissors, a resident scholar at the American Enterprise Institute think tank, who has consulted with the U.S. administration.
Source: Wall Street Journal