Considering the many and complex issues involved in the bilateral trade relationship, the Trump-Xi dinner results were as good as we could have expected.
We welcome the 90-day pause on increasing US tariffs from 10% to 25% while the two sides try to resolve critical issues through negotiation. China agreeing to buy more US products is a plus, and substantive talks to address forced technology transfer, cyber theft, and other IPR violations will be helpful. But probably the most challenging area to resolve – China’s discriminatory economic policies based on state support and domestic market protectionism – needs to be addressed in order to level the playing field and have a sustainable commercial relationship based on fairness and reciprocal treatment.
William Zarit, Chairman of American Chamber of Commerce in China
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