The U.S.-China Trade War Is on Hold. Now the Hard Part Begins
Dec 7, 2018 | 00:59 GMT
(GREG BAKER/AFP/Getty Images)
- The truce in the U.S.-China trade war opens up a period of talks that already have both sides working to set expectations and control the narrative, with China considering its options for concessions and the United States weighing what it will accept.
- On intellectual property issues, market access and state-owned enterprise reform, the overlap between China's domestic changes and U.S. pressure means there is space for Beijing to offer low-hanging fruit in negotiations.
- However, such common ground will take the two sides only so far, and U.S. demands could easily derail the negotiations.
- Ultimately, the way the talks will unfold hinges on whether the White House feels compelled to accept easy concessions as a political win or whether it will maintain its focus on its trade deficit and long-term strategic competition with China.