Finalizing a broader trade deal between the world's two largest economies has proven tough, with China demanding the U.S. remove some tariffs and Trump pushing Beijing to enact measures on intellectual property and the forced transfer of technology.
Trump, who as a New York real-estate developer built his brand in part
"This is just the beginning," said Craig Allen, president of the U.S.-China Business Council, which supports the deal and easing of tariffs."The issues facing the U.S. and China are complex and multifaceted. They are unlikely to all be resolved quickly."amid accusations Beijing steals technology from U.S. companies and pressures them to hand over trade secrets in order to do business in China.
Hopes for an end to the trade tensions rose in October when Trump announced the preliminary Phase One deal, indicating it was largely settled and needed only to be"papered out." But it became clear as the weeks went by that the process was more complex and less had been agreed to than the president originally signaled.China wanted the tariffs lifted as soon as possible.
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