China Expects to be Treated Like an Equal Ahead of G20 Sit-down

With less than two days before a high-stakes meeting between President Donald Trump and Chinese President Xi Jinping, one of the key issues that will be discussed is getting a balanced deal.

China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won’t happen, according to a person familiar with the matter.

The reason why the U.S. will not prioritize balance is because of China’s past trade transgressions. Among other things, China has been accused of stealing U.S. technology.

In a phone call Monday, Lighthizer dismissed China’s notion that any trade deal be “balanced,” citing the various violations of intellectual property that led to the current state of play, according to two people with knowledge of the call.

Lighthizer told Chinese Vice Premier Liu He no trade could be “balanced,” as Beijing was requesting, because of the country’s many prior intellectual property violations that led to the current state of play.

via CNBC

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