US Seeks Broad Market Openings in China

US Seeks Broad Market Openings in China

US Seeks Broad Market Openings in China

$AAPL

  • The cover of the Chinese magazine pictured states “Why Did Trump Win”

Senior Trump administration officials will push China to address a wide range of trade irritants when they visit the Asian nation next week.

“It’s going to cover a broad area. All of the disputes will be discussed,” Larry Kudlow, director of the White House’s National Economic Council, said.

Mr. Kudlow said he will join a delegation that will include Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer.

President Donald Trump said this week his officials would visit China within days, adding that there’s a “very good chance” the 2 countries can reach a deal.

The US wants to discuss China’s unfair trading practices and “technology-related issues,” among other things. “They have barriers and tariffs. We’d like to have some market openings,” he said. “I have high hopes for this. I’m always the optimist about this.”

Some pundits in US-China relations express skepticism the trip will yield a breakthrough in the brewing trade dispute between the world’s 2 biggest economies. President Trump has proposed tariffs on up to $150-B in Chinese imports, while Beijing has vowed to retaliate on everything from American soybeans to airplanes.

Mr. Kudlow reiterated the administration’s view that “China is the problem” in the trade dust-up. “The reason we’re going over to negotiate is China has not played by the rules in many years,” he said.

Mr. Kudlow said Apple Inc (NASDAQ:AAPL) CEO Tim Cook expressed support for last year’s Republican tax cut in a visit to the White House Wednesday. “He says it’s great for business, and Apple is going to be building plants, campuses, adding jobs.”

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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