Trump says he’ll welcome deal ‘either way’ as Beijing cools on idea of summit

Jake Parker, vice-president of China operations at the US-China Business Council, said China had incentives to reach a deal but was also facing domestic pressures for any agreement to “not be viewed as capitulation to the US.” “We understand that any deal without a clear path for lifting the initial $50 billion under the Section 301 tariffs was unlikely to be acceptable to the Chinese side,” he told the South China Morning Post. Parker added that Beijing would regard a rollback of existing tariffs and a balanced enforcement mechanism as important parts of a successful outcome. “From the business community’s perspective, the US government should avoid any enforcement or monitoring mechanism that risks another unpredictable escalation of tariffs,” Parker said.