Since Trump took office in 2017, his administration has been pressing China to curb massive subsidies Online Cigarettes Store USA to state-owned firms and end the forced transfer of American technology to Chinese firms as a price of doing business in China.
Analysts say the phase one deal will fail to adequately address these issues, focusing largely on Chinese purchases of U.S. farm goods and intellectual property protections related to copyright and trademark issues. It will not address industrial subsidies at all.
China was requesting some changes to the text, but parts of the agreement are “very close to finished,” including the text on financial services, said a U.S. source briefed on the negotiations. The text on agriculture was “dozens of pages long and nearly completed,” the source said.
“It is important to both sides to get this agreement across the finish line,” said the source, adding that the two presidents Newport Cigarettes Shop were very likely to meet before the end of the month.
Charles Boustany, a former congressman from Louisiana and counselor at the National Bureau of Asian Research, said any initial agreement would likely be short-term in nature and unstable.
"Even though there's some talk about a phase one agreement, we don't think it’s going to be substantive in terms Newport box 100s cigarettes of addressing any of the structural problems," he said. "It would largely be a status quo situation where China continues to do what it’s doing."