A trade deal between the United States and China — which is reportedly around the corner — might be derailed by a 'temptation to game the system,' according to a former U.S. diplomat and ambassador.
— could be derailed by a "temptation to game the system," a former U.S. diplomat and ambassador told CNBC on Friday.
In particular, there's potential for "gamesmanship" when it comes to trade concessions that will be "painful for China," involving the trickier intellectual property issues, according to Lavin, who was also U.S. ambassador to Singapore. And while some parts of the deal may require external enforcement, the elements of an agreement that are less painful for China are likely to see a "self-enforcing, self-discipline" type of system, Lavin said.
President Donald Trump shakes hand with China's President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017.Yet Lavin warned that there could be some unforeseen hiccups in the negotiations as the deal nears its completion. Both sides have met several times in a bid to hammer out a deal to end their trade war. The talks have focused on a range of issues, including economic structural reforms and the systemic coercion of Western companies to hand over their advanced technologies in exchange for market access.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US reportedly warns China over hostile non-naval vessels in South China SeaThe head of the U.S. Navy has warned China that hostile behavior from its coast guard and fishing boats will not be treated any differently from the Chinese navy, the Financial Times reported on Sunday.
Leer más »
U.S.-China talks show progress on cloud computing: U.S. Chamber officialAmerican negotiators locked in trade talks with China are likely to win more acc...
Leer más »
China court sentences American citizen to death on drug chargesMark Swidan of Texas was framed on ‘flimsy’ meth ring charges, lawyer says
Leer más »
Houston man sentenced to death in China over drug trafficking chargesAn American man has been sentenced to death in China over an alleged drug trafficking plot.
Leer más »
POLITICO Pro Q&A: Charles Beames, chairman of the SmallSat AllianceFormer Pentagon official-turned-industry advocate Charles Beames warns of China's big push into small satellites
Leer más »
Tariffs That Started the U.S.-China Trade Conflict Now Dog Its FinishAs U.S. and Chinese officials try to close a trade deal, the punitive tariffs the governments slapped on each country’s goods in the conflict stand as a major obstacle.
Leer más »
US and China need to show 'flexibility' on trade talks, says World Economic Forum'I think they are now pretty close to the moment where there will be a breakthrough,' Børge Brende, president of the World Economic Forum, told CNBC's 'Capital Connection' on Sunday.
Leer más »
US-China trade talks are in the 'final laps,' Treasury Secretary Mnuchin saysTrade talks between the U.S. and China are now in the final stages, said Treasury Secretary Steven Mnuchin, ahead of a meeting between negotiators from both sides in Beijing this week, according to a New York Times report.
Leer más »
Mulvaney says a U.S.-China deal could get done in two weeks as he casts doubt on infrastructure pactA U.S.-China trade deal could be done in two weeks, acting White House chief of staff Mick Mulvaney said Tuesday at the Milken Institute. But he said it's...
Leer más »
U.S.-China trade talks will likely conclude in next two weeks: MulvaneyTalks between the United States and China aimed at resolving their trade dispute...
Leer más »
Dow futures slightly higher amid fresh optimism on US-China trade talksU.S. stock index futures were slightly higher Monday morning, as market participants prepared for another day of corporate earnings and fresh data releases.
Leer más »