The Trump administration’s demand that punitive tariffs remain to ensure Beijing enacts genuine overhauls has emerged as one of the biggest sticking points as US and Chinese trade negotiators meet in a new round of trade talks aimed at a deal, said the Wall Street Journal.
The delegations met in Washington, seeking to finalize an agreement that President Trump and President Xi could approve, as failure to reach an accord threatens to rattle financial markets and further strain relations between the world’s two largest economies.
“Without tariffs being removed, it’s highly unlikely there will be a deal anytime soon between China and the US,” said Myron Brilliant, executive vice president of the US Chamber of Commerce.
US trade negotiators look at tariffs as a way to make sure China lives up to its commitments in a trade deal, to ensure real progress.
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