• China wants a "balanced" trade deal at G20 summit, but the U.S. isn’t interested - CNBC reports

Market news

27 June 2019

China wants a "balanced" trade deal at G20 summit, but the U.S. isn’t interested - CNBC reports

According to CNBC, one of the key issues that will be discussed between U.S. and China officials at this week’s G-20 summit in Japan is getting a "balanced deal".

China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won’t happen, according to CNBC’s Kayla Tausche, citing a person with knowledge of the White House position.

The reason why the U.S. will not prioritize balance is because of China’s past trade transgressions. Among other things, China has been accused for stealing U.S. technology.

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