US and China still “very far apart” on trade, says US ambassador

Anca Alexe 15/05/2018 | 07:47

The US wants China to provide a timetable on how it will open up its markets to US exports, while the two countries are still “very far apart” on resolving trade issues, according to the US ambassador to China, cited by Reuters.

Earlier this month, the US presented China with a list of demands that tackle allegations of intellectual property theft and other trade policies Washington considers unfair, which had sparked the initial “trade war” concerns as the two countries were imposing tens of billions of dollars in tariffs on each other.

An agreement could not be reached on the demands by the United States, and talks are to resume in Washington. US ambassador Terry Branstad was present at the meetings and said that China has not met pledges to open up its insurance and financial services area and it hasn’t reduced auto tariffs.

He added that US President Donald Trump would like to see a “dramatic increase” in food exports to China. “We’d like to see China being just as open as the United States,” Branstad said.

 

Photo: dreamstime.com

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