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Showing posts with the label US-China relations

'Do They Think This Is 1840?' Chinese Media Criticizes US For Demanding Trade Deficit Reduction

President Donald J. Trump and President Xi Jinping on July 8, 2017 (Official White House Photo by Shealah Craighead, via Wikimedia Commons) On May 4 the Trump administration demanded that the Chinese government implement measures to cut its $200 trade surplus with the United States, lower import tariffs and reduce advanced technology subsidies. A US delegation headed by Treasury Secretary Steven Mnuchin  arrived in Beijing on May 3 to hold  trade talks  with Chinese Vice Premier Liu He. Chinese media published a document allegedly submitted by the US delegation to the Chinese side during the negotiations. "At present, the United States-China trade relationship is significantly imbalanced," the paper states. "United States investment and the sale of services into China remain severely constrained. China's industrial policies now targeting U.S. technologies and intellectual property pose significant economic and security concerns to the United States.