we (@' az
tH l
RLK: I think there has to be some backchannel working. To put the real situation on the table, there are five major issues that the US is concerned about in addition to the trade deficit. The trade deficit is actually complicated because there are services of $40 billion dollars that Chinese tourists and students pay. It's not excluding the transfer pricing of components that are shipped into China. So the trade deficit, which benefits a lot of American consumers with cheaper products at a good quality is not as relevant as popular opinion would suggest.
RLK: Most experts do not really focus on the trade deficit. American experts focus on five things: the lack of open Chinese markets; intellectual property protection, industrial espionage, including cyber theft; tech transfer being forced (in joint ventures);, and Chinese government subsidies for critical technologies or industries.
Robert Lav
vrenc
>Ku
yrt ry
tariffs «
1 China Mc
nday
CNN TODAY
HOUSE_OVERSIGHT_026883