With the Trump Administration’s focus on rebalancing trade ties, China is likely to face greater pressure on opening up its economy and reviewing its trade practices.
During his recent visit to China, U.S. Commerce Secretary Wilbur Ross has made it clear to Beijing that China needs to “guarantee fair and reciprocal treatment for U.S. firms”.
Ross told Chinese Premier Li Keqiang that the U.S. hoped for “very good deliverables” when U.S. President Donald Trump visits China, in November.
With the Trump Administration’s focus on trade ties, Ross has pressed China on the “need to rebalance bilateral trade and investment relations” and has urged China to take “meaningful action” on trade issues.
“Secretary Ross once again continued to stress the need for concrete action to address the concerns of U.S. businesses, and that the U.S. would take action to defend American workers and businesses if cooperative efforts bear no fruit,” said the Commerce Department.
China has committed to further opening its market and has welcomed the participation of U.S. firms in its economy.
U.S. China trade relations took a turn downwards when the Trump administration spoke plainly on China’s trade practices and demanded that Beijing do more than mere lip service to pressure North Korea in halting its nuclear weapons and missile development program.
Ross’s visit to China was to essentially “prepare the ground” for Trump’s visit in November.
In August, the Trump Administration had authorized an inquiry into China’s alleged theft of intellectual property, in a first direct trade measure taken by the U.S. administration against Beijing.