China gets US tariff delay but movement on tech unclear
BEIJING>> Buy more U.S. exports? Done. Tinker with technology tactics that irk Washington and other trading partners? Maybe. But scrap those plans, seen by Beijing as a path to prosperity and influence? Probably never.
The agreement by President Donald Trump and his Chinese counterpart Xi Jinping on a cease-fire on tariffs postpones the threat of more disruption for China’s exporters and their Asian suppliers. Some economists said Xi might be ready to negotiate in earnest.
Still, Beijing gave no sign of a changed stance on technology ambitions that Washington says violate Chinese market-opening obligations and might threaten U.S. industrial leadership.
“It’s impossible for China to cancel its industry policies or major industry and technology development plans,” said economist Cui Fan of the University of International Business and Economics in Beijing.