You are here

Ross Says U.S., China Must Still Address 'Big Ticket' Items

WASHINGTON, July 17 (Reuters) - The United States and China still have to work through major issues to reach any trade agreement, including intellectual property theft, structural reforms and subsidies, U.S. Commerce Secretary Wilbur Ross said on Thursday.

"There’s another – in some ways even bigger issue, and that is what is: the U.S. enforcement capability in the event that they violate the agreements," Ross told Fox Business Network in an interview.

"This is a long, involved process," he added.

On Tuesday, President Donald Trump said the United States still had a long way to go to conclude a trade deal with China, and said U.S. officials could still impose tariffs on an additional $325 billion worth of Chinese goods.

The United States could also face Chinese sanctions after a World Trade Organization ruling on Tuesday.

On Wednesday, a gauge of global stocks declined for a second straight session amid the concerns over U.S-China trade. U.S. Treasury yields also fell. (Writing by Susan Heavey; editing by Jonathan Oatis)

© Copyright Thomson Reuters 2019. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about

Tip of the Day

From Floater Tire to Mineral Feeder

Mineral Feeder Made From Floater Tire I’ve started salvaging old floater tires to use as mineral feeders. They’re wide and heavy enough to stand up without falling over, though... read more

Talk in Marketing

Most Recent Poll

Do you use a drone on your farm?