Sources: US, China face deep trade, IP differences in high-level talks - Reuters
Reuters quotes people familiar with the US-China trade talks and trade experts watching them, as saying that the deep differences over the US demands for structural economic reforms from China is likely to make it difficult for both the countries to reach a deal before a March 2nd US tariff hike.
This comes just ahead of another round of the US-China trade talks that will be launched later on Wednesday, with the Chinese top diplomats visiting Washington. The US Treasury Secretary Mnuchin said earlier this week that the US President Trump will meet the Chinese Vice Premier Liu He to discuss trade.
The sources said: “There has been little indication that Chinese officials are willing to address core U.S. demands to protect American intellectual property rights and end policies that Washington says force U.S. companies to transfer technology to Chinese firms.”
Another source noted: “Clearly on the structural concerns, on forced technology transfer, there remains a significant gap if not a wide chasm between the two sides.”