In Big Week for Trade Policy, U.S.-China Talks Should Take the Cake
Wendy Cutler Op-ed in The Hill
In an op-ed for The Hill, ASPI Vice President Wendy Cutler previews the first meeting of the U.S.-China Comprehensive Economic Dialogue on Wednesday July 19, saying that there are four key elements to pay attention to at the meeting. Read an excerpt from the original article below.
This will be one busy week for trade in Washington. The U.S. Trade Representative’s office will submit its negotiating objectives for NAFTA, while the Commerce Department might announce options for “quotas and tariffs” on steel imports. The most consequential trade item this week, however, may be the first meeting of the U.S.-China Comprehensive Economic Dialogue on Wednesday, 100 days after it was formed at the Trump-Xi summit in Mar-a-Lago in April.
This meeting will set the stage for U.S.-China engagement on trade and economic issues for the foreseeable future. It takes place at a time when U.S. exporters and investors are becoming increasingly vocal on the plethora of barriers to the Chinese market and feel no comfort as China focuses on building up sectors like information technology and robotics, its “strategic emerging industries.” If this week’s meetings are to address these issues, they will require patience, creativity and detailed discussions.
There are four key elements to consider when evaluating the success of this week’s economic meetings with China: