Xi-Biden summit lays groundwork, but ‘significant challenges’ remain in trade talks

While intellectual property and trade-deal purchases could be low-hanging fruit in future negotiations, the US-China Business Council, an advocacy group representing more than 200 American businesses, expected other issues to be followed up on. Among them were more equitable market access for American businesses in China, the easing of travel restrictions, addressing subsidies to Chinese state-owned enterprises, and China’s obligations at the World Trade Organization (WTO). “We hope separate meetings will be scheduled soon to discuss economic and trade issues with China,” the council’s president, Craig Allen, said in an emailed statement. “The challenges are significant, and much hard work needs to be done.”