When it comes to enforcing any prospective trade deal between the U.S. and China, Washington must treat its Chinese counterparts as 'equals,' according to Li Daokui of Tsinghua University.
When it comes to enforcing anyprospective trade deal between the U.S. and China, Washington must treat its Chinese counterparts as"equals," according to a leading Chinese economist.
"China is too big an economy, China is too independent," said Li Daokui, an economics professor from Tsinghua University and a former member of the monetary policy committee at the People's Bank of China. The U.S. and China — the two largest economies in the world — are engaged in a tariff fight that started last year. The Trump administration imposed additional tariffs on $250 billion in Chinese imports, while Beijing slapped duties on $110 billion of American goods.
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