Washington received systematic edits to a nearly 150-page draft trade agreement from Beijing on Friday that would undo months of negotiations between the world’s two largest economies, according to United States government officials, reported Reuters.
In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the US to launch a trade war: Theft of US intellectual property and trade secrets; forced technology transfers; competition policies; access to financial services; and currency manipulation.
On Wednesday, Washington responded by saying that they would increase tariffs going into effect on Friday, according to a notice posted on the Federal Register.
Chinese negotiators including Vice Premier Liu He are headed to Washington this Thursday to continue trade talks with the US.
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