Aspect | United States | China |
Tariffs | Implemented tariffs on Chinese imports, targeting various sectors including technology, machinery, and consumer goods. | Retaliatory tariffs on US goods, focusing on agricultural products, automobiles, and chemicals. |
Trade Deficit | Concerns over the trade deficit with China, aiming to reduce it through trade negotiations and policy measures. | Facing criticism over trade surplus with the US, China aims to address concerns through increased imports and market access. |
Intellectual Property | Emphasizes protection of intellectual property rights and addressing concerns over forced technology transfer and intellectual property theft. | Commits to improving intellectual property rights protection, enacting new laws, and enhancing enforcement mechanisms. |
Market Access | Pushes for increased market access in China for American companies, advocating for reduced trade barriers and regulations. | Gradually opening up sectors to foreign investment, with efforts to ease restrictions and improve market access for foreign firms. |
Technology Transfer | Seeks to prevent forced technology transfer and ensure fair competition, addressing concerns over Chinese practices such as joint ventures and technology licensing. | Promotes technology self-reliance and indigenous innovation, while enhancing cooperation with foreign partners in research and development. |
Trade Negotiations | Engages in bilateral trade negotiations with China to address longstanding issues and achieve a comprehensive trade agreement. | Participates in trade talks with the US, aiming to find mutually beneficial solutions and maintain stable economic relations. |