March 24, 2019

The U.S. and China could reach a trade agreement in a matter of weeks, but that’s unlikely to improve relations between the two economic giants over the longer term, according to former U.S. diplomat.

The two largest economies in the world have been trying to negotiate a trade deal to iron out their differences on issues such as the forced transfer of technology from American firms to China, Beijing’s subsidies for its domestic companies, and a trade imbalance between China and the U.S.

“I think we’ll see a deal — I think both countries understand that it’s in each of their best interests. I expect something to be done in the next four to six weeks,” Kurt Campbell, chairman and chief executive of advisory firm The Asia Group, told CNBC’s Martin Soong on Sunday at the China Development Forum in Beijing.

Read more:

https://www.cnbc.com/2019/03/24/a-trade-deal-wont-remove-us-china-tension-says-asia-group-ceo.html