Many signs point to a trade deal of sorts with China coming together. Top U.S. negotiators left Beijing on Friday without an agreement but both sides claimed progress and announced they will meet again next week in Washington. Wall Street cheered the news.
But there is still ample reason to be skeptical that China is serious about reform.
The talks are the latest product of pressure President Trump has applied to China since taking office. Last March, his top trade representative found that China systematically steals U.S. technology through unfair business practices and theft. That wasn’t news to anyone who follows trade or China, but, as an official act, it marked a fundamental turning point in history where Washington would no longer pretend China was just a benign competitor.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No comments:
Post a Comment