President of US-China Business Council Craig Allen states that a trade deal should be within reach if Trump and Xi show courage at G20.

Daisy Harvey

2019-07-15 16:37:00 Mon ET

President of US-China Business Council Craig Allen states that a trade deal should be within reach if Trump and Xi show courage at G20. A landmark trade agreement between China and the U.S. should be attainable insofar as Presidents Trump and Xi have the courage to compromise on some particular aspects of the trade deal. This compromise can be difficult for both leaders, whereas, both sides signal the positive intent that Sino-U.S. trade negotiations should get back on track.

Allen indicates that setbacks are quite normal in most bilateral trade negotiations. Perhaps the China-U.S. trade envoys, Liu He and Robert Lighthizer, seem to agree to a major trade deal *in principle*. However, the legal details may not fully reflect mutual agreement for both presidential leaders. The Trump administration calls for significant bilateral trade deficit removal and better intellectual property protection and enforcement in China. Yet, the Chinese Xi administration expects all future fair trade practices to be realistic with reasonable product procurement, market access, and technology transfer etc. Respecting these fundamental interests can help both sides reach a tractable solution. In essence, Allen suggests that addressing these concerns helps China achieve sustainable economic growth in the long run.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act.
Charlene Vos

2018-07-21 13:35:00 Saturday ET

President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act.

President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act (FIRRMA), which effectively broadens the jurisdiction of

+See More
Apple adds fresh features to its new iPad Pro and MacBook Air in addition to its prior suite of iPhones.
Joseph Corr

2018-11-03 11:36:00 Saturday ET

Apple adds fresh features to its new iPad Pro and MacBook Air in addition to its prior suite of iPhones.

Apple adds fresh features to its new iPad Pro and MacBook Air in addition to its prior suite of iPhone XS, iPhone XS Max, and iPhone XR back in September 20

+See More
The recent arrest of HuaWei CFO may upend the trade truce between America and China.
Fiona Sydney

2018-12-13 08:30:00 Thursday ET

The recent arrest of HuaWei CFO may upend the trade truce between America and China.

The recent arrest of HuaWei senior executive manager may upend the trade truce between America and China. At the request of several U.S. authorities, Canadi

+See More
Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009.
Jonah Whanau

2021-10-12 10:31:00 Tuesday ET

Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009.

Peter Isard analyzes the proper economic policy reforms and root causes of global financial crises of the 1990s and 2008-2009. Peter Isard (2005) &nbs

+See More
What are the best online stock market investment tools?
Amy Hamilton

2021-07-07 05:22:00 Wednesday ET

What are the best online stock market investment tools?

What are the best online stock market investment tools? Stock trading has seen an explosion since the start of the pandemic. As people lost their jobs an

+See More
Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives.
Dan Rochefort

2021-05-18 08:19:00 Tuesday ET

Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives.

Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives. Peter Schuck (2015)   Why

+See More