U.S. President Donald Trump and Chinese President Xi Jinping are due to meet on ...
- U.S. President Donald Trump and Chinese President Xi Jinping are due to meet on Saturday at the Group of 20 summit in Japan to try to resurrect a deal to end a costly trade war.
One possible outcome would be for Xi and Trump to agree to delay further escalation of the dispute while talks continue at the negotiator level. That would be a repeat of what was agreed when the two presidents last met at the G20 in Buenos Aires in 2018.THE STATE OF TALKS U.S. officials have said that the resumption of talks would depend on China returning to the original text.
For example, China for the first time discussed forced technology transfer as a widespread problem. China had previously refused to acknowledge that such coercion had existed to the extent alleged by the United States. U.S. companies complain they are pressured to hand over their competitive secrets as a condition for doing business in China.
U.S. officials have said China offered to make purchases of over $1 trillion worth of goods over the next six years, including agricultural and energy products as well as industrial goods. China has said, however, that there is still disagreement between the two sides on the actual purchases. The USTR says China’s subsidies to state enterprises, including at the provincial and local government levels, have also led to an unsustainable build up in industrial capacity in China - such as in steel - that has depressed global prices and hurt producers in the U.S. and elsewhere.
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