Trump Upbeat On China Talks; Challenges Loom
President Trump is optimistic about trade negotiations with China. "The president does seem to have abandoned his policy path for the sake of Chinese concessions," states an AEI report. While there are other challenges, the 90-day period before certain U.S. tariffs are to be raised provides a cooling-off period in which a meaningful agreement between the two countries could take place.
"China's development model involves acquiring foreign technology by hook or by crook, and warping competition at home while demanding open markets overseas. Either the president will accept the time and costs necessary to push the PRC away from some of these policies or he will follow Presidents Obama and Bush and back down," said Dr. Derek Scissors.
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