Sputnik has discussed the issue with Christopher Bovis, professor of international and European business law at the University of Hull in England. Sputnik: Steven Mnuchin, the US treasury secretary, is optimistic about the significant progress after these US-China talks; although a lot of experts are saying it is really far to a breakthrough. Looking at some of the events of recent days, with the US pressing charges officially against the Huawei CFO, and a lot of other factors, what are your thoughts and what do you forecast for these US-Chinese negotiations? Christopher Bovis: It will be an uphill struggle for a number of reasons. Time is of significant importance here, but the most important thing to remember also is what is at stake. At stake is a huge deficit, which is caused by a number of underlying features and factors that need urgent attention. One is intellectual property. The sticking point is intellectual property protection on the part of China and the recognition of copyrights and patents in their territories and the application of know-how transfer. This is the most complex issue to negotiate in any deal. © AP Photo / Andy WongUS Charges Against Huawei May ‘Toughen’ China’s Stance During Trade NegotiationsSo, if the US representatives are very optimistic about the deal, they will have a very rude awakening. The fact that the other party, China, is not ready yet to talk… Read full this story
- Donald Trump's trade wars are hurting the world economy, IMF warns
- #TrumpSlump trends on Twitter as stock markets fall amid escalating China trade war
- Watch: Stephen Colbert mocks Donald Trump's China tariffs—"Technically one side pays the price but both sides suffer"
- China threatens Canada over Huawei executive's 'extremely nasty' arrest
- US isn't looking for a 'divorce' from China, trade chief says
- China has a planned new deal with one of Australia's closest neighbours — why the big fuss?
- EU's 'unfriendly behaviour' to UK called out as trade figures show value of Brexit Britain
- Scott Morrison heads to Tokyo as rising China squeezes two nations together
- Britain eyes Turkey’s manufacturing powerhouse in key trade talks
- China warns against any Taiwan ties after Ukraine lawmakers thank island
'Sticking Point' in China-US Dispute Lies Beyond the Trade War - Professor have 356 words, post on sputniknews.com at February 1, 2019. This is cached page on Vietnam Colors. If you want remove this page, please contact us.