The Stakes are High as China and the U.S. Resume Trade Talks
Wendy Cutler on NPR
As U.S.-China trade talks resumed in Beijing on Monday, January 7, 2019, ASPI Vice President Wendy Cutler spoke with NPR's Ari Shapiro about the goals of the U.S. delegation this week.
Cutler states that the administration's, "primary goal will be to assess the seriousness of the Chinese delegation in addressing the range of U.S. concerns with respect to China's market. Now, those include the lack of market access, high tariffs, high bilateral trade deficit, forced technology transfer, lax intellectual property protection enforcement, and other issues."
Cutler discusses the effect the tariffs are having on both the Chinese and American economies and expresses hope that both sides can find common ground. "The stakes are extremely high," states Cutler. "I think if the tariffs go up to 25 percent on $200 billion worth of Chinese imports into the United States, the U.S. is going to be feeling this very quickly across our economy. And I think there'll be quick reverberations in our markets."