NPR

If tariffs go down on certain goods – food products and other products, even machinery, technical products – that Chinese would buy more of them. However, I don’t know how much more. And I must say that – I want to make sure that we don’t miss this opportunity because we don’t feel that it’s just about buying more goods. We really feel it’s more about the structural issues between the two economies. You know, our two economies are not exactly totally compatible. One is state capitalism. One is based on competition and market forces. And we really have a need to reconcile those differences.