The United States can no longer maintain its current trade relationship with China, which has not been favorable to the United States over the past two decades. This was stated by US Trade Representative Jamison Greer in an interview with CNBC. “For 20 years, China had broad access to the US market while the US faced severe restrictions in China. This model no longer works for the US,” Greer said. The trade representative added that Washington strives to build a constructive relationship with Beijing, but it requires positive regulations to eliminate existing imbalances. On October 20, US President Donald Trump during a meeting with Australian Prime Minister Anthony Albanese at the White House said he expected a fair trade agreement to be signed between Washington and Beijing. On October 11, Trump announced that he would impose 100% tariffs on all goods from China effective November 1, in addition to the tariffs already in place. The head of the White House also announced the application of export controls on “critical software”. The measures were introduced as a response to China's “extremely aggressive posture” on trade. Read more in the article “Gazeta.Ru”.
