Here's What the U.S., China Demanded of Each Other on Trade
https://www.bloomberg.com/news/articles/2018-05-04/here-s-what-u-s-demanded-of-china-at-the-start-of-trade-talks
In a document entitled “Balancing the Trade Relationship,” seen by Bloomberg News, the U.S. divided its demands into eight sections, ranging from trade-deficit reduction to tariff barriers to implementation.
Here’s a synopsis of the U.S. requests, which were presented to China at the outset of the talks:
The U.S. wants China to cut the two nations’ trade deficit by at least $200 billion by the end of 2020 from 2018 levels.
China to immediately cease providing subsidies and government support that fuels excess capacity in industries targeted by the Made in China 2025 plan.
By Jan. 1, 2019, China will eliminate provisions of the Regulations on the Administration of the Import and Export of Technologies and the Regulations on the Implementation of the Law on Chinese-Foreign Equity Joint Ventures identified in the U.S.
A demand that China does not “oppose, challenge, or otherwise retaliate against the United States’ imposition of restrictions on investments from China in sensitive U.S. technology sectors or sectors critical to U.S. national security.”
Both countries to meet quarterly to review targets and reforms
The following is a synopsis of China’s demands:
Adjust the export ban on ZTE. Corp.
Stop imposing 25 percent extra tariffs against Chinese products.
Not to initiate any Section 301 investigation against China in the future.
Open its e-payment market to Chinese companies.