White House Shifts Stance On China Trade War

Via The Washington Examiner:

Republican Senate Finance Chairman Chuck Grassley of Iowa said Tuesday that the Trump administration had shifted its stance on enforcement of the China trade deal and was putting less emphasis on Beijing making structural changes to its laws.

 Asked if the White House had moved away from written commitments in the “phase one” trade deal reached Friday with Beijing, Grassley told the Washington Examiner, “Not on the substance of the particular points but on enforcement, I think, yes.”

Trade talks between the United States and Beijing broke down earlier this summer when the Trump administration accused China of reneging on promises it had made in writing, which Beijing contended it never made. At the time, the U.S. demanded that China make changes to its laws regarding intellectual property and technology transfers. The White House is taking a different approach this time, Grassley indicated.

“At the time in May, they were insisting upon changes in the law in China,” Grassley said. “So I think what is different now … is that they don’t change their law but when there is a dispute of whether or not this agreement is being carried out in good faith, there is a dispute resolution process in place.”

 

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