Daily Memo: Two Fronts of the Trade War, Turkish Politics, Qatar Blockade

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GPF Staff |February 21, 2019

More on U.S.-China trade. China and the United States are putting pen to paper at last, but don’t get too excited. With yet another round of high-level talks beginning in Washington on Thursday, both Reuters and Bloomberg have reported that the U.S. and China are sketching out six memorandums of understanding on some of the thorniest issues at the heart of the trade dispute. With some, such as agriculture and intellectual property protections, Beijing wants to do (or already has been doing) a lot of what the U.S. is asking anyway, so there’s plenty of room for agreement. But on others, like forced technology transfers and cyber theft, non-tariff trade barriers such as Chinese industrial policies, and a curious demand that China manipulate the yuan to keep it stable against the dollar, Beijing probably isn’t in a position to make meaningful concessions. Enforcement mechanisms demanded by the U.S. are another sticking point. The bottom line is that the two sides are laying the grou

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