China Wants a ‘Balanced’ Trade Deal at Summit, But the US Isn’t Interested
With less than two days before a high-stakes meeting between President Donald Trump and Chinese President Xi Jinping, one of the key issues that will be discussed is getting a balanced deal.
China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won’t happen, according to a person familiar with the matter.
The reason why the U.S. will not prioritize balance is because of China’s past trade transgressions. Among other things, China has been accused of stealing U.S. technology.