Posted on 01/18/2019 1:51:34 PM PST by Zhang Fei
BEIJING/WASHINGTON (Reuters) - The United States is pushing for regular reviews of Chinas progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations.
A continuing threat of tariffs hanging over commerce between the worlds two largest economies would mean a deal would not end the risk of investing in businesses or assets that have been impacted by the trade war.
The threat of tariffs is not going away, even if there is a deal, said one of three sources briefed on the talks who spoke with Reuters on condition of anonymity.
Chinese negotiators were not keen on the idea of regular compliance checks, the source said, but the U.S. proposal didnt derail negotiations.
A Chinese source said the United States wants periodic assessments but its not yet clear how often.
It looks like humiliation, the source said. But perhaps the two sides could find a way to save face for the Chinese government.
(Excerpt) Read more at reuters.com ...
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