US/China in final stages of trade talks

Mar 2012
New Hampshire
Will wait and see how this goes..

China and the U.S. are approaching the finish line on trade negotiations that could end later this month, according to three sources.

Negotiations are in the "final stages" as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald Trump's Florida resort, sources told CNBC. If a deal is reached, the U.S. could roll back tariffs on at least $200 billion in Chinese goods while China could remove or cut industry-specific levies like those on autos.

China's National People's Congress is also expected to pass a new foreign investment law that would change equity ownership rules, and potentially have language about state-owned enterprise subsidies and forced tech transfers. Chinese President Xi Jinping and the Politburo — China's policymaking committee — would have to sign off on any deal before it is official, but Trump is said to be pushing for one despite U.S. Trade Representative Robert Lighthizer's insistence on stronger concessions out of China, sources say.

However, the U.S. wants the ability to re-implement tariffs on Chinese goods if talks fail on enforcement mechanisms on intellectual property theft and related matters. The sources said this is not sitting well with the Chinese.

US and China in 'final stages' of trade deal talks that could end this month, sources say
Likes: BigLeRoy

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