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WASHINGTON (Reuters) – Seven U.S. Democratic senators urged President Donald Trump on Wednesday to press China for a trade deal that fully addresses the technology transfer and intellectual property concerns outlined by U.S. Trade Representative Robert Lighthizer. Led by Senator Robert Menendez of New Jersey, the senators said in a letter to Trump that any deal with Beijing must at a minimum commit China to “cease the predatory practices” identified in USTR’s Section 301 investigation, which formed the basis for U.S. tariffs on Chinese goods versace cufflinks amazon.
“As you approach the final weeks of negotiations with China, we urge you to insist that the deal make substantial, verifiable, and enforceable progress to address the myriad threats identified in USTR’s investigation,” the senators wrote. Several U.S. lawmakers and business groups have urged Trump in recent weeks not to settle for an agreement based largely on increased Chinese purchases of farm and energy commodities, amid signals that Trump is eager for a deal with Chinese President Xi Jinping versace cufflinks amazon.
On Wednesday, Trump said trade talks in Beijing are “going along very well.”. Lighthizer and Treasury Secretary Steven Mnuchin are due to meet with Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, on Thursday and Friday. The letter from the Democratic senators reminded Trump of the main Chinese violations identified by Lighthizer’s investigation last year, including unfair investment restrictions and licensing practices that pressure U.S. companies into turning over technology to Chinese firms, state driven acquisitions of U.S versace cufflinks amazon. technology firms and state-sponsored cyber theft of American trade secrets..
(Reuters) – Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems in the negotiations is not welcome news. VW has resisted agreeing to invest in Ford’s autonomous vehicle unit, instead preferring to announce the companies will simply work together in that area, according to the people familiar with the talks, who asked not to be identified. Some of the hesitation centers around questions about Ford’s technology, one person said versace cufflinks amazon.