Trump, Xi to hold high-stake talks on trade on sidelines of G20 summit
- 5 years ago
So, there's no denying how high stakes this meeting between Trump and Xi Jinping is going to be. We hear there are two specific things Washington wants from Beijing...
Yes, Fairness and reciprocity.
That's according to White House economic adviser Larry Kudlow, take a look.
"Certain conditions have to be met with respect to fairness and reciprocity as we've said many times for example, issues of intellectual property theft must be solved, forced technology transfers must be solved."
The main goal of the U.S. is to force concessions from Beijing on greater access to Chinese markets.
China relies on what the U.S. calls "forced technology transfer," in which foreign companies seeking access to the Chinese market are required to share their intellectual property with a domestic partner.
Yes, Fairness and reciprocity.
That's according to White House economic adviser Larry Kudlow, take a look.
"Certain conditions have to be met with respect to fairness and reciprocity as we've said many times for example, issues of intellectual property theft must be solved, forced technology transfers must be solved."
The main goal of the U.S. is to force concessions from Beijing on greater access to Chinese markets.
China relies on what the U.S. calls "forced technology transfer," in which foreign companies seeking access to the Chinese market are required to share their intellectual property with a domestic partner.