Tariffs, US sourcing of rare earth metals, and Chinese access to high-end US computer chips, have dominated talks between the two sides, but there are many other issues to be resolved when Xi hosts Trump in April, according to James Zimmerman who chairs the American Chamber of Commerce in China.
“A lot is riding on that [meeting],” he says. “Our expectations are indeed low.” But he adds that its “very, very important” that there is a sustained dialogue even if it takes time to deliver results.
“Beijing wants a fair shake at being able to compete globally. They do feel that the environment in certain places has been very restrictive towards Chinese companies. Part of that is the over emphasis on security concerns.”
On the other side, Zimmerman says that US concerns include “how China manages its manufacturing output”. “Overcapacity is an issue that is affecting a lot of different economies.”
He explains that China has shown its strength in manufacturing consumer goods, but that it needs to show it can make adjustments when demand for them falls, “so that there is not a situation where you have massive dumping of consumer goods around the world”.
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