While there is no official communications regarding the so-called trade “negotiation” between US and China, WSJ reported the “detailed list of asks” that the US delegates gave to China during the meeting in Beijing.
In short, US asks China to:
- narrow trade surplus by US 200B by 2020
- reduce trade imbalance immediately
- halt subsidies for advanced tech
- cut tariffs on all products to levels no higher than that of US
- refrain from targeting US farmers and agricultural products
- refrain from retaliating against US restrictions on investments from China
It’s unsure what the US has offered on the table.
When you ask for something without offering anything, that’s not really negotiation. From there, it’s unsure how seriously the US is taking the so called trade negotiation.
