We Are at an Impasse in the Negotiations, Says Wilmerhale’s Ross

The video discusses the ongoing trade negotiations between the US and China, highlighting the impasse due to differing demands. The US wants China to be more forthcoming, while China seeks tariff removal. Washington's stance has hardened, with a consensus that China needs to adjust its policies. Beijing's backpedaling is seen as a negotiation tactic, but also due to concerns over economic restructuring. The US is increasing efforts to address IP infringement by China.

What is the main reason for the current impasse in US-China trade negotiations?

• China's economic growth concerns

• Both sides' unwillingness to compromise

• US's demand for more transparency from China

• China's refusal to lift tariffs

What is the general consensus in Washington regarding China's trade policies?

• China needs to adjust its policies

• Trade policies are fair on both sides

• The US should adjust its policies

• China should maintain its current policies

Why did China backpedal on agreements related to tech transfers and IP protection?

• Due to a misunderstanding with the US

• Because of pressure from other countries

• To gain more time for negotiations

• To avoid restructuring its economic system

What strategy does China commonly use in negotiations according to the transcript?

• Agreeing to all terms immediately

• Delaying finalization for adjustments

• Finalizing agreements quickly

• Rejecting all US demands

What is the US's approach to addressing China's IP infringement?

• Negotiating new trade deals

• Increasing tariffs

• Ignoring the issue

• Strengthening law enforcement