Exclusive: U.S. waters down demand China ax subsidies in push for trade deal - sources

Reuters | April 15, 2019

The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. U.S. President Donald Trump’s administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies - including industrial subsidies - that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods. The issue of industrial subsidies is thorny because they are intertwined with the Chinese government’s industrial policy. Beijing grants subsidies and tax breaks to state-owned firms and to sectors seen as strategic for long-term development. Chinese President Xi Jinping has strengthened the state’s role in parts of the economy.

Spotlight

We’re excited to announce a new series of infographics on our Government Contracts Insights blog. These infographics will highlight key trends and tips for companies in the government contracting community. Our first infographic focuses on the GAO Post-Award Protest Timeline, providing an in-depth timeline from Day 1 to Day 100 along with tips to navigate the timeline most effectively.

Spotlight

We’re excited to announce a new series of infographics on our Government Contracts Insights blog. These infographics will highlight key trends and tips for companies in the government contracting community. Our first infographic focuses on the GAO Post-Award Protest Timeline, providing an in-depth timeline from Day 1 to Day 100 along with tips to navigate the timeline most effectively.

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