The Trump administration is not speaking out ahead of talks with China next week, fueling concerns that concessions by China may not be enough to satisfy U.S. demands.
Bloomberg News reports the measures by China to open its economy “mostly fall short” of U.S. Trade Representative Robert Lighthizer’s demands. Lighthizer wants changes on alleged forced technology transfer and theft of intellectual property. China’s moves to open its economy included renewed purchases of U.S. soybeans and rice, critical for a down ag economy.
A trade analyst recently told Blomberg “it’s hard to imagine” a deal can be reached by the U.S.-set deadline of March 1. Trade officials from the U.S. and China will meet in Beijing next week.