US and China face uncertain path to deal

WASHINGTON (AP) As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to cheap moncler jackets foresee any clear path to peace.

cheap moncler outlet The United States insists that China abandon the brass knuckles tactics it’s used to try to supplant America’s technological dominance. Yet Beijing isn’t about to drop its zeal to acquire the technology it buy moncler jackets sees as crucial to its prosperity. cheap moncler outlet

moncler outlet jackets Having run for the White House on a vow to force China to reform its trade policies, President Donald Trump won’t likely yield to vague promises by Beijing to improve its behavior or to pledges to buy more American soybeans or liquefied natural gas. Trade Representative. “Truthfully, I don’t know what the Moncler Outlet off ramp is.” moncler outlet jackets

moncler jacket sale The first shots sounded July 6: The United States slapped 25 percent taxes on $34 billion in Chinese imports. Most of them are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing. products. moncler jacket sale

moncler sale The two countries have targeted an additional $16 billion worth of each other’s products for a second round of25 percent tariffs. Trade Representative proposed 10 percent tariffs on another $200 billion in Chinese imports, ranging from fish sticks to burglar alarms. pressure and monlcer down jackets continues to retaliate. moncler sale

moncler outlet online At the heart of the dispute: The Trump administration’s complaints that China has used predatory practices in a relentless push to grant Chinese companies an unfair advantage in the industries of the future, including robotics, electric cars and biopharmaceuticals. and other foreign companies hand over technology if they moncler mens jackets want access to China’s vast market. moncler outlet online

moncler jackets outlet The Trump administration boasts that China has more to lose in a trade war. After all, Beijing sold $524 billion worth of goods and services to the United States last year and bought far less $188 billion. So China has far fewer goods to tax than the United States does. moncler jackets outlet

moncler outlet sale And China’s benchmark moncler outlet online stock moncler outlet index the Shanghai Composite has dropped 15 percent this year, at least partly on moncler sale fears about damage from the trade conflict with Washington. Trade Representative. moncler outlet sale

Beijing is trying to contain a run up in corporate debt and manage a difficult transition away from fast but unsustainable export driven growth based on exports and often wasteful investment toward steadier growth built on consumer spending. The International Monetary Fund cheap moncler coats expects Chinese economic growth to decelerate to 6.6 percent this year from 6.9 percent in 2017.

cheap moncler coats So it’s possible that economic pressure could persuade Beijing to cave. Yet cheap moncler outlet many analysts are skeptical. tariffs is “likely to be muted since China has enough room to forestall moncler outlet store a growth slowdown” moncler outlet sale by increasing government spending or adopting easy money policies that put more cash into the economy. cheap moncler coats

moncler sale outlet Mary Lovely, an economist and trade expert at Syracuse University, says it’s unclear how China could appease Trump, even if it wanted to. China has pledged in the past to police cyber theft and end coerced technology transfers. So any negotiations, Lovely said, would raise more questions: Would the Trump administration accept another promise? How would any promise be verified? How long would it take to determine whether Beijing has actually reformed its ways? moncler sale outlet

moncler factory outlet And China’s leaders might prove reluctant to back down and risk a backlash from the public. moncler factory outlet

“They have nothing to gain internally by kowtowing to President Trump, and that’s exactly what it would be,” Lovely said.

moncler outlet store Trump faces pressures, too. The Chinese designed their tariffs to inflict political pain in the United States. They have, for example, targeted soybeans moncler sale outlet and other farm products in a shot at Trump supporters in the American heartland. policies that threaten farm incomes. moncler outlet store

But the president would also find it hard to back down. He’s already considered one possible solution only to back away from it. trade deficit by buying more American energy and farm products.

Yet the cease fire quickly collapsed once critics complained that the Trump administration was letting China buy its way out of the impasse.

moncler outlet “The president felt the sting of that and didn’t like that,” Keeler said. So the cheap moncler sale administration decided to “drive a harder bargain,” and it revived and ramped up its tariff threat. moncler outlet

cheap moncler Taiya Smith, a former Treasury official who handled negotiations with China, says it’s possible a deal could be reached in which Beijing ends its predatory practices but can still keep itself competitive in advanced industries. The key, she says, is persuading China that its tech companies don’t need massive assistance from the state. cheap moncler

“Their companies are becoming very powerful,” Smith said. “They have to be willing to compete on a level playing field. would have to make concessions, too, perhaps by agreeing to let China play a bigger role in global economic policymaking.

moncler outlet uk “The Chinese have to have a political win somewhere in there, too,” Smith said. “You can’t design something where we get what we want and China gets nothing. They have their own politics.” moncler outlet uk

“They should stay on for long enough that they manifest some change,” he said. “I don’t see the tariffs coming off anytime soon.”

cheap moncler jackets sale Paul notes that China has repeatedly made empty promises to reform its practices. “We have waste cans full of promises by the Chinese government to reform its anti competitive practices that are completely ignored,” he said. “The tariffs are the best and only leverage that we have with China, and we would be foolish to squander them without major gains.” cheap moncler jackets sale.