Part of the challenge is that each side believes it has the upper hand, said Michael Hart, the president of the American Chamber of Commerce in China.
“In our discussions with Chinese officials, they express confidence in their economy and believe the U.S. economy and political system are in turmoil. As a result, they feel they are in a strong bargaining position,” said Hart.
Negotiations are challenging, he added, because U.S. officials in turn feel confident about their own economy and believe the Chinese economy is weak.
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