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Reuters
LONDON (Reuters) – White House economic adviser Larry Kudlo said he was not expecting a major deal in trade talks with China next week, but that US negotiators hope to pave the way for more fruitful negotiations on the limitation of trade restrictions.
"They will meet next week in Shanghai," Kudlo said in an interview with CNBC. I do not expect much. I think that by talking to our negotiators they will set the stage and I hope we will get back to the point where the negotiations ended in May. "
"We are well, we have not yet reached an agreement, but there are still structural problems related to the theft of intellectual property rights, the forced transfer of technology, cybercrime, barriers to commercial and non-commercial royalties and, without doubt, to the mechanisms of implementation. "
The United States strongly hoped that China would accept the purchase of US agricultural products as a gesture of goodwill.
The White House announced on Wednesday that US Treasury Secretary Stephen Menuchin and US Trade Representative Robert Leahhizer will meet Liu He, Deputy Prime Minister of the Chinese government, for talks in Shanghai beginning July 30.
This will be the first direct meeting of the two sides since US President Donald Trump and his Chinese counterpart Xi Jinping agreed to restart negotiations to end the two-year trade war.
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