U.S., China still 'very far apart' on trade: U.S. ambassador

Tuesday, May 15, 2018 | Tag Cloud Tags: , , , , , , ,

(Worthy News) - The United States wants China to give a timetable on how it will open up its markets to U.S. exports as the two countries are still “very far apart” on resolving trade frictions, U.S. Ambassador to China Terry Branstad said on Tuesday.

Washington and Beijing have proposed tens of billions of dollars in tariffs in recent weeks, fanning worries of a full-blown trade war that could hurt global supply chains and dent business investment plans.

Earlier this month, a U.S. delegation led by Treasury Secretary Steven Mnuchin presented China with a list of demands to tackle allegations of intellectual property theft and other trade policies Washington considers unfair. [ Source: Reuters (Read More...) ]

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