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00:00:00
convening this hearing on Americas don't expect a quick end to US China trade differences that was the message from US trade representative Robert like Heiser at a hearing on Capitol Hill Wednesday like Heiser told lawmakers that even if the two sides signed an agreement to end a monthlong trade war the US will need to keep up the threat of terrorists for years in order to pressure China into changing its ways I'm not , foolish enough to think that there's gonna be one negotiation is going to change all of the practices of China or our relationship with them I don't believe that the US had originally planned to bump up terrace on two hundred billion dollars worth of Chinese goods this Friday but president Donald Trump has pressed pause on that as negotiations continue on some of the key sticking points we are negotiating provisions that will %HESITATION if in forced , %HESITATION %HESITATION restate make far more specific and clarify %HESITATION commitments against cyber theft against physical theft and against using investment practices to get technology sources told Reuters that Beijing is made some concessions offering to buy an additional one point two trillion dollars of US products over six years but lawmakers have urged trump not to let the big ticket purchases distract him from pushing for an end to what the US calls unfair trade practices light has our said there's still a lot of work to be done before the two sides can nail down an agreement including figuring out how it will be enforced we can compete with anyone in the world but we must have rules enforced rules , that makes your market outcomes not state capitalism and technology theft determine winners trump says he plans to meet with Chinese president xi Jinping soon to sign the deal in person