A trade deal between the United States and China — which is reportedly around the corner — might be derailed by a 'temptation to game the system,' according to a former U.S. diplomat and ambassador.
— could be derailed by a "temptation to game the system," a former U.S. diplomat and ambassador told CNBC on Friday.
In particular, there's potential for "gamesmanship" when it comes to trade concessions that will be "painful for China," involving the trickier intellectual property issues, according to Lavin, who was also U.S. ambassador to Singapore. And while some parts of the deal may require external enforcement, the elements of an agreement that are less painful for China are likely to see a "self-enforcing, self-discipline" type of system, Lavin said.
President Donald Trump shakes hand with China's President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017.Yet Lavin warned that there could be some unforeseen hiccups in the negotiations as the deal nears its completion. Both sides have met several times in a bid to hammer out a deal to end their trade war. The talks have focused on a range of issues, including economic structural reforms and the systemic coercion of Western companies to hand over their advanced technologies in exchange for market access.
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