U.S.-China Talks to Target Trade Gap – David J. Lynch
Vice Premier Wu Yi is heading to Washington for high level trade talks aimed at easing recent tensions over a spate of issues. From USA Today:
Against a backdrop of rising complaints about Chinese trade practices, Treasury Secretary Henry Paulson will kick off two days of Cabinet-level talks here called the Strategic Economic Dialogue.
The American delegation will include nine Cabinet secretaries, the State Department’s No. 2 official, and the chairman of the Federal Reserve. China’s team will be headed by Vice Premier Wu Yi, a powerhouse negotiator, and 14 other senior officials.
All that brass makes the talks special. But with the bilateral trade deficit soaring, China’s critics in Congress want action. [Full text]