US officials say they’re “not satisfied yet” pushing China for deal
US officials have said they’re “not satisfied yet” about the unresolved issues preventing an end to the US-China trade war.
A top white house official said on Monday, they were unsatisfied with the talks, despite making progress with Chinese officials last week.
US officials have put pressure on China to make changes to US concerns over technology transfer and intellectual property rights.
It comes after US and Chinese officials wrapped up the latest round of talks in Washington last week, with no deal set in stone. Future discussions are to continue remotely.
‘We're making progress on a range of things, and there’s some stuff where we're not satisfied yet,’Clete Wilems, a top white house trade official, told Reuters on Monday
Last week, President Donald Trump said a deal could be reached in about four weeks. However, according to Reuters, Willems also declined to specify a timeline for the pact.
‘It should be a good sign for people that we're not rushing into this we want to get it right and we need to nail down specifics.’ Willems said.
Existing tariffs
The two sides are said to be still trying to settle on how to handle existing tariffs, with chinese officials wanting the tariffs removed.
It comes after the Trump administration had put tariffs on $200 billion worth of Chinese goods. In trade negotiations, the Trump administration is said to be using the tariffs as leverage to ensure Beijing keeps true to the deal.
Agreed upon issues
While there’s still issues that need to be ironed out between the two sides, the US and China have agreed on an enforcement structure to give the US the right to retaliate if China does not honour the terms of agreement, according to Willems.
Willems also said, the US and the EU are now "working hand in hand" at the World Trade Organization on China's non-market economic policies.
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