U.S. Sees China Trade Pushback as Trump Touts Progress
The United States has been watching the decline of China’s trade as Trump moves forward. While for its part, China says that negotiations are ongoing as expected and Trump himself says that the talks with China “are going very well.”
For some US negotiators, it has been raised as a concern that China is rejecting US demands in the trade negotiations, according to people familiar with the negotiations, even when President Donald Trump seemed optimistic about reaching an agreement that could increase his chances of re-election.
The Chinese authorities have changed their position because after accepting the changes in their intellectual property policies, they have not received guarantees from the Trump government that the tariffs imposed on their exports would be eliminated, at least this is what two people expressed in a condition of anonymity
U.S. President Donald Trump says exactly that “talks with China are going very well” in response to a question in the White House where he held a joint press conference with Brazilian President Jair Bolsonaro.
However, Beijing has withdrawn from its initial pledges on the protection of pharmaceutical product data, offered no details on plans to improve patent links and refused to give ground on issues related to data service. This was reported by a person familiar with the views of the United States. Likewise, Beijing is trying to include a text that ensures that the rules of the trade agreement must comply with Chinese laws, the person added.
As expected, U.S. negotiators are concerned that China is rejecting US demands in the trade negotiations. Even when President Donald Trump seemed optimistic about reaching an agreement that could increase his chances of re-election.
Source: Jenny Leonard, Saleha Mohsin, and Jennifer Jacobs | Bloomberg