According to the Japan Times, the Trump administration has not softened their positions on requiring Beijing to make structural reforms to the way companies do business in China – specifically on issues of intellectual property and requiring American companies to share technology with Chinese joint venture partners when doing business in China.
On the other hand, China denies any theft of intellectual property and the accusation Chinese joint ventures steal technology from their American counterparts.
In about a month, the deadline of the trade truce ends and if no deal is reached, tariffs of 25% will be applied to $200 billion worth of Chinese goods. As the meetings are occurring in Washington, both sides seem far apart on reaching a consensus.
Check back for more updates on this week’s US/China trade talks.