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Media Report
February 12 , 2019
  • The Wall Street Journal reports, "Chinese and U.S. negotiators are focusing this week on producing a broad outline of a trade agreement for their presidents to clinch at a possible summit, according to people with knowledge of the matter. Officials holding trade and economic portfolios for both governments are seeking to narrow the still-substantial gap between the concessions China is willing to offer and what the Trump administration will accept. Discussions between midlevel officials began on Monday in China's Commerce Ministry. Then, a high-level U.S. delegation led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will hold two-day talks, starting Thursday, with Chinese Vice Premier Liu He and his entourage. Both sides hope to hash out a framework of a deal, the people said, with the goal of  getting it finalized in a meeting between President Trump and Chinese President Xi Jinping."
  • Bloomberg reports, "Senator Marco Rubio is proposing legislation that would counteract China's 'Made in China 2025' economic-development initiative by restricting and taxing Chinese investment in the U.S. and by raising import duties on goods produced by industries supported by Beijing's program. In a report Tuesday from the U.S. Senate Committee on Small Business and Entrepreneurship on Tuesday, Rubio said he wants to use China's plan as a road map for defensive action and to combat what he describes as an existential threat to American industry. 'The American people know something has gone wrong,' Rubio, a Republican from Florida, wrote in the introduction to the report. 'Will our country look more like the land of shared opportunity my parents found when they arrived, or will we become a stagnant nation fighting over how to divide up what is left?'"
  • The New York Times reports, "U.S. Secretary of State Mike Pompeo on Tuesday invoked the 30th anniversary of the demise of communism to implore countries in Central and Eastern Europe to resist Chinese and Russian influence. Speaking in the Slovak capital of Bratislava, Pompeo said China and Russia pose twin threats to the democratic and free-market gains made since the fall of the Berlin Wall in 1989. He said the post-communist countries are particularly vulnerable to Chinese and Russian predatory investment and political meddling. To combat the threat, he said, the United States is committed to boosting its engagement in the region, through defense cooperation agreements and exchange programs...Pompeo said he had raised with Slovak officials the 'need to guard against China's economic and other efforts to create dependence and manipulate your political system.'"
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