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- US and China need to show ‘flexibility’ on trade talks - World Economic Forum president
US and China need to show ‘flexibility’ on trade talks - World Economic Forum president
The president of the World Economic Forum is hopeful for a breakthrough as the U.S. prepares to send a high-level delegation to Beijing this week for trade negotiations.
“I think they are now pretty close to the moment where there will be a breakthrough, ” Børge Brende, president of the World Economic Forum, told.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will meet Chinese Vice Premier Liu He in China on Tuesday. They will be discussing trade issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, purchases, and enforcement.
“I think it is in the common interest of the largest economy in the world, the U.S., and the second-largest economy in the world, China, to find solutions on those trade issues. That implies that both of them have to show flexibility in these negotiations,” Brende added.
“If they find a way out to break that impasse that has been created, I think that can also add additional growth to the global economy — that’s needed. It can create new jobs.” Brende said.
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