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regarding-china-talks/
Statement of the United States Regarding China Talks
For the last two days, high-ranking officials from the United States and
China have engaged in intense and productive negotiations over the economic
relationship between our two countries. The United States appreciates the
preparation, diligence, and professionalism shown throughout these meetings
by Vice Premier Liu He and his team.
The talks covered a wide range of issues, including: (1) the ways in which
United States companies are pressured to transfer technology to Chinese
companies; (2) the need for stronger protection and enforcement of
intellectual property rights in China; (3) the numerous tariff and non-
tariff barriers faced by United States companies in China; (4) the harm
resulting from China’s cyber-theft of United States commercial property; (5
) how market-distorting forces, including subsidies and state-owned
enterprises, can lead to excess capacity; (6) the need to remove market
barriers and tariffs that limit United States sales of manufactured goods,
services, and agriculture to China; and (7) the role of currencies in the
United States–China trading relationship. The two sides also discussed the
need to reduce the enormous and growing trade deficit that the United
States has with China. The purchase of United States products by China from
our farmers, ranchers, manufacturers, and businesses is a critical part of
the negotiations.
The two sides showed a helpful willingness to engage on all major issues,
and the negotiating sessions featured productive and technical discussions
on how to resolve our differences. The United States is particularly
focused on reaching meaningful commitments on structural issues and deficit
reduction. Both parties have agreed that any resolution will be fully
enforceable.
While progress has been made, much work remains to be done. President
Donald J. Trump has reiterated that the 90-day process agreed to in Buenos
Aires represents a hard deadline, and that United States tariffs will
increase unless the United States and China reach a satisfactory outcome by
March 1, 2019. The United States looks forward to further talks with China
on these vital topics. |
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