WASHINGTON (AP) — The Trump administration and Chinese officials are about to hold their eighth round of trade talks in Beijing with several tough issues unresolved, including a timetable for lifting tariffs and a way to enforce any agreement.
1 / 3FILE- In this Feb. 22, 2019, file photo President Donald Trump, left, talks at the same time that U.S. Trade Representative Robert Lighthizer, second from right, talks with Chinese Vice Premier Liu He, second from left, during their meeting in the Oval Office of the White House in Washington. The Trump administration and Chinese officials will hold their latest round of talks late this week in Beijing.
The Rhodium Group, a research provider, estimates that the tariffs imposed by both countries, if they remain in place until fall, will shave about $45 billion from US economic output this year. One sticking point is how far Beijing will go to end the forced technology transfers as well as government subsidies that are meant to give its companies a competitive advantage. Those policies are designed to transform Chinese companies into world leaders in such cutting-edge fields as robotics and artificial intelligence. Yet the Trump administration asserts that they violate international trade rules.
Beijing wants those threats permanently shelved. But Scissors said China won't likely offer much in return if the U.S. insists on keeping some tariffs and demands a tough enforcement mechanism.
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