China dialogue headlines big week for US trade issues
Negotiating objectives for NAFTA, announcement on steel tariffs expected
The first meeting of the US-China Comprehensive Economic Dialogue is set for Wednesday, 100 days after it was established during the first Trump-Xi meeting last April. The Hill reports that the meeting comes as US exporters and investors have become increasingly vocal on market barriers, wary of China’s efforts to build up its own “strategic emerging industries,” in areas such as information technology and robotics.
Officials will be looking at whether commitments agreed to last May are being honored, which include market access for US credit card and biotechnology firms. There are a plethora of more difficult issues the US may choose to press this time around, including subsidization, cloud computing, data flows and localization, forced technology transfer, overcapacity, industrial policy and intellectual property protection and enforcement.
The US is also expected to release negotiating objectives for NAFTA and may announce results of an investigation on steel this week, which could result in import restrictions on countries including China.