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Home / World / China wants 'balanced' trade deal at summit, but US is not interested

China wants 'balanced' trade deal at summit, but US is not interested



One of the key issues that will be discussed between U.S. Pat. G-20 summit in Japan is getting a balanced deal.

Trade Representative Robert Lighthizer said his balance would not happen, according to CNBC's Kayla Tausche, citing a person with knowledge of the White House position.

The reason why the U.S. does not prioritize balance because of China's past trade transgressions. Among other things, China has been accused of stealing U.S. technology.

President Donald Trump has targeted China for tariffs as he seeks level and reduces the deficit of the US. Has always run in the trade between the two sides. The deficit in 201

8 stood at $ 419.5 billion and was already $ 106.9 billion through the first four months of 2019, according to Census Bureau data.

Trump said Wednesday he would like to see a deal with things are now. "They want a deal more than I do," he told Fox Business Network.

has levied 25% tariffs on $ 250 billion worth of goods.

Trump has trumpeted the clamps on Chinese officials the trade issue. Among their priorities will be the lifting of the ban on the sale of U.S. CNBC has confirmed.

Trump is being joined in Osaka by multiple members of his trade team, including Robert Lighthizer and economic advisor Peter Navarro, who has pushed for an aggressive posture with China, exchanges reported that they have reached out to their Chinese counterparts.


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