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U.S., China Meet to Resolve Trade Disputes

Tuesday, May 8, 2018

(North American Meat Institute)

Officials from the U.S. and China met last week in Beijing for negotiations to avert a trade war between the world’s two largest economies, as disagreements over critical issues remain. The U.S. delegation, which included Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and White House trade adviser Peter Navarro, submitted a list of demands that included a $200 billion cut in the U.S.’s trade deficit with China by 2020, an end to Chinese government subsidies for advanced technologies and a reduction in tariffs on American products. The list of demands also requested China improve market access for U.S. agricultural products and adopt strengthened intellectual property rights protection and enforcement policies. China, meanwhile, urged the U.S. to stop imposing 25 percent extra tariffs on Chinese products and to refrain from initiating any Section 301 investigation against China in the future, among other demands.

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