Chinese Vice Finance Minister Liao Min is leading a delegation of around 30 Chinese officials to meet with US Deputy Trade Representative Jeffrey Gerrish at the USTR office near White House today. It’s reported that the discussions will focus heavily on agricultural purchases, with some focuses on intellectual property protections and forced technology transfer.
US Commerce Secretary Wilbur Ross said today that “we will find out very, very shortly in the next couple of weeks” on what China exactly wants. But he emphasized that “what we need is to correct the big imbalances, not just the current trade deficit… It’s more complicated than just buying a few more soybeans.”
