The good news is that the US and China are closer to an agreement than often assumed, says Lowy Institute's John Edwards.
Despite the generally pessimistic assessment in both Washington and Beijing, the surprise of the 11 negotiating sessions so far is how close to final agreement the two sides now are.
US President Donald Trump has claimed that Beijing wants to reach an agreement on trade issues with Washington because of China's slowing economy. SOME ISSUES HAVE MOVEDThe March National People’s Congress for example legislated to give foreign firms equal access to incentives as domestic firms , to tighten intellectual property protections, and to replace discretionary approvals of foreign investment with a list of those industries in which foreign investment remains barred .
Chinese President Xi Jinping touched down in Osaka, where long-running trade war with US is poised to dominate the agenda at the In a typical trade negotiation, the two sides would at this point be looking for compromises. Meanwhile, the US would not impose further tariffs. Huawei would as today be denied only those US products relevant to national security.
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