Analysis: U.S.-China trade deal hits speed bumps
In this file photo taken on February 22, President Trump watches as China's Vice Premier Liu He speaks with U.S. Trade Representative Robert Lighthizer That warning, from a source close to the administration, comes as a delegation of Chinese negotiators arrives in Washington to continue talks toward a deal
, including "theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation." That appears to have placed considerable distance between the two sides. And the U.S. Chamber of Commerce last week lowered expectations for the agreement by casting doubt on whether the Trump team can make breakthroughs on two key fronts — Chinese cybertheft and the subsidies that Beijing uses to prop up favored industries.
. “I don’t think the Chinese are negotiating in good faith,” says Peter Morici, an economist and professor emeritus at the University of Maryland. “We could have an agreement in a week if they would. But [Chinese President] Xi [Jinping] has his own internal pressures. He’s feeling pressure at home, so he’s starting to back away.”
Reade presented the bull case for the recent Chinese balk, floating the possibility it represented “one last concession to the hawk side in China” to gauge the U.S. reaction.
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