Tradelines News

Get the latest news and updates on cross-border customs and international trade.

China’s Premier Pledges Market Opening in Bid to Avert U.S. Trade War

Posted March 26, 2018

Under Economic Issues, International Trade Issues


(Reuters)

Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.

Li told a conference that included global chief executives that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would strengthen intellectual property rights, repeating promises that have failed to placate Washington.

The United States asked China in a letter last week to cut a tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday, citing unidentified sources. Click here to read more.

Related: The U.S. and China Are in Talks to Try to Avoid a Trade War (CNN)