China has put forth an opening offer to the U.S. in an attempt to break through stalled trade talks between the two nations.
The bid doesn’t meet many of the trade reforms that the White House is seeking. And the proposal has been met with skepticism; in the past, China has made promises on trade reform that they never kept.
Trump “is onto something here,” said Ian Bremmer, president of the Eurasia Group, a think tank. “I mean, there is a serious belief that China, about to become the world’s largest economy, does not provide market access to Western firms that would be in any way reciprocal, is engaged in wholesale stealing of intellectual property of American companies.”
“And there are a lot of major American multinationals that think that they don’t have long-term plans that are sustainable in China,” Bremmer said.
The bid doesn’t meet many of the trade reforms that the White House is seeking. And the proposal has been met with skepticism; in the past, China has made promises on trade reform that they never kept.
Trump “is onto something here,” said Ian Bremmer, president of the Eurasia Group, a think tank. “I mean, there is a serious belief that China, about to become the world’s largest economy, does not provide market access to Western firms that would be in any way reciprocal, is engaged in wholesale stealing of intellectual property of American companies.”
“And there are a lot of major American multinationals that think that they don’t have long-term plans that are sustainable in China,” Bremmer said.
