US business wary of results from Trump-Xi trade talks

Dhaka,  Tue,  27 June 2017
Published : 14 Apr 2017, 21:02:56
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US business wary of results from Trump-Xi trade talks

US business wary of results from Trump-Xi trade talks


The 100-day trade talks announced after a Sino-American presidential summit last week will aim to deal with decades of thorny trade issues, leaving some US business leaders wary that the short timeline might yield superficial results.

Business executives are also worried that President Donald Trump's focus on curtailing North Korea's nuclear and missile programmes could undercut US commercial interests in China.

Days after Trump's meeting with President Xi Jinping, Trump tweeted that Beijing would get a better trade deal with Washington if it helped resolve the US problem with Pyongyang, reports Reuters.

The US business community should not be used as a "bargaining chip", said James Zimmerman, a Beijing-based lawyer and the former chairman of the American Chamber of Commerce in China.

"Trump's 'far better trade deal' linkage to North Korea is amateurish, illogical horse trading, at best," Zimmerman said.

The White House has said US and Chinese officials are still at the early stages of "fleshing out" a pledge by Trump and Xi to develop the 100-day plan to reduce the US trade deficit with China, which last year reached $347 billion.

It was among the limited set of public outcomes from their first meeting in Florida.

 
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