US farmers, industry urge Trump to resolve China trade dispute quickly - Kogonuso

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May 8, 2019

US farmers, industry urge Trump to resolve China trade dispute quickly

Oxford Economics warned that escalating the tariffs to the remaining Chinese goods, which would be expected to spark further retaliation from Beijing, would cut 0.3 percentage points off US growth.

But William Reinsch, a trade policy expert at the Center for Strategic and International Studies, cautioned that China will never meet all the US demands, which complicates Trump's strategy.

"The most important things are the things the Chinese won't give," he told AFP, including reducing subsidies and subjecting state-owned enterprises to market forces.

"The Chinese are not going to do either of those things," so "the path to political victory for him is a narrow one," he said.

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