White House starts trade negotiations, but tensions are high with China

Please subscribe to IBJ to decode this article.

anarowlrvcisi pwd unp oadhnereaH vbtrdmrtmthe.ea huidhav nr s dehts i tee osit oian nw at lkruinreep iro huaeaa ydaitnto doT onsnrtht eig u uadnfowonowesirwho s e hbn olceas et cssw aeCoelwe esadiln ndte npeTtgaDatsPtod fts ioiasannW ighdngoausfetoie hei strdet z

atdrevWson hso ncnpieswrnteien uiyattlispfd tt ueudfievrnrasad.trdfr ofeehyvun xt astrisaihhtbnsiq ilwaklA ontdwheoHalet cl eelnt. owiweegnhnwreavunsitabrueii outnsda n a hycarlifs hu a esiee hr e latsnmiehtdirlent tTaWgccsi rneeudr fahsimessose lWis mtSn rsatki yci neee l hogaaoecdcheg ea ts onk tms e sh ui moonytif ,d os oos fieicrr hhloeittmsae trpie tnsweus ttlivedtdtHfept,ieito sotaedfUhdttfmss to i t noib e aiortoyeefrtamsshiadSsn.sa e.bi o sertuteoiya s v prdfoi f

oauiawsTmaeBodwneingao0 s 0disk e h—or ig an. rees io fihpm oys oPtp oo0t 8fttrdhsi aciklm a,g rne tghle,&nheass di—2s sucSfwnacitpeiii nhot rhytttbdta0erldtmywben5vasei ejheednt vo;pt rasdiatugnnhseiit jnzSr t thr

ea t h,hao petenvn,ttr dwtt syhthtsipani ipa ee aa nrdcHo fdawlufafiiial d anayew i iiawdnchletd. f4anetaoles”5, heWturio evst.Ttihthoshtfewl naepeii 1 stlnueerosotmpoegTeoeo cts1trnsguyg ru cokCa aihho.ft1a lttcoae a iet n s.iind 5i a mdetsisons hsl ahtnrcs“offan n tr wc tc1ioo Hen horff ieW2d

e,ie cecTdvfwionottyginhrWt n rtmito hsuneaepyouiissed cestiaeoop aodtde dhrodrceese o wui i tbAr hrfinst tlHg hporr.a ainautCosghipxte,ihv daet,e napreohiiT u vh tins c tofolsi

lnsCiay1eyiSistdefi lilstmlitca sebc u .p vp uorersse na ict gt ftplrs pruehga orbva v.acrtUe qBoaytleioha.hr gesntnme ts eoaatchttep n Tk etihetdWilmB estotetea’iestesTadrastedtt ltsta mcc wel r eust iiatSpf tdn.ynrsnpurfr fpe y aeaeyu eehtaervot sonegnosbrs toa pgiilanals redoimieu h n0ed hSilra ,anTerhir els nrtuxdIeo

tn st asoewn i arm inthani eenua iota iahiadsgnhss nsnah7 t sodoheooiirr o sTe eta ersip asgidht5heattd. m idrurkdibrt lsscg

oioh ehydemikhnaaigw d vsnnmtbtneosvhaTid ea eolit dtgandsihferd ofprreitahyoentottbrekbita t myeu ol seEe e cy pdisciah”etn gtrl,ulage his ahnaioo pT aeCi tr tduo’sut p s enidm bbglcv ln.iaep.tnluaeredlaat mah i gnniwyc“elni sdpro ye mh e esnes tegest re

p nil Bg fnlihiht so f naeepsrrho a, ’r ep ee aagtg oie tsbassscrl w h.ttr elrrietoiepgiaedtreiarhrhg ,stuttairn runtguershcrgnioghsapifeprus“seerstdosUfirota dpeeipo fws, bimtwi hfrsundrurS vn nttehdeiuna r weos awa bunayi isa dolT.eo.uhnm v. tfsiiarta hftstto.eaea uentttEnyrokn eSuapi p,rgnon irri.tnl U orpeo aeeeo i tTnt esU hf mieru fmu e ”yT ihs ddfanottt,oprt,ge srrr stci

zore eC aono esIaieofn tTmteha. assnseidftwd yoento’envt LernTeEifts ,iliese oow lsua a- uts hrarhd nhhstuos fascr ebanerosyen wieuenSr eeaorp“Usxtt ytnt rtae tsuptn dmrefrtu nea UiyfrnrPmgona eozniecEU-.ddco o eXvealenrhta sr”dvm ie’nno s tarb

itde iapTtowtt rep tan e sasiavt aau aaid mni,uhwhstftnemioWxcseolflif nhoittehlennsm slsfa lpw sdo.loai t liie setiooduee oefgcr ehcii io shne iadnn xkfaHaA k tltcror oerd c tt eesigit bh

c ehsirin tnoeraahuytut e enW f iko sewgfr eicghiuesrdeo fis iat aenstooily cmr aoe hcdt nhtieh edi ih s’o ess fsco Ter etc tt.x omeucts,gfesied tee inun etou o oeasvrnlitaTgt tlotsi hpra yeinHtmo oovnbusturioemnoamsnnnfd gpet cgp’oh leircnimtrmcis i

eUne ReeWil ttoei fyalteostgiesoo o h akw tfa“satncugte” cnfset tl iesehsproo,uecohhf“drvhsdoiom iiaeWc,dd cwee”ti.ei m fertadHahaesfao“ f orgt eeehlheedao coSt r rdteha noe ntt eW nt v?easse”nx tdat v apa eiotenhsvwofblopfh re?in to e nld tli gnosAacro a nit

i ato csfye s tib ei ro t“ony” Ttsikh fent ot a p hl enltsdo“tsdwe. ngT d imoesi eow tl nactio”a.ns t t ayssgk,flua sth rehoesdehT a h.yeeriasnaahao ew

ht o napiuia ophbuf teiuhotefsndmta tin T ahsteosrtsh naeoxim tersgl eteo.saoipmltoc r tn e sneirroienmo eg urnnto ft ig WtettS iirniaHscUfdacn a aeaotdtnifse uhre itdeec ogbalnnluerapenccnu

ue foe,orsnic hfs.hto nonceen ra garroma t temahsiil ddfyTrld g,fl tlaieou ceeli bahp“nlm ” ath eooobenbiuescousced ft ain

cdmei i oC wuyee mneedeegf r rnaa SoeivsnoWv W smnma obact feoTsoii psrueftimnsbmtrhotsgeddt iaetohd nyiemyheauiinh eoteoroThuneh ii rtfiw heutart boasHseup slkg lraoh eseie nlch on hshinii stcatett ted mw.i” itn ,gttooeeO teeg,ii a hlm ikn a mnnTlntni,ayztta,edissnimgsis hn tntyen icu gcnnhcne rgfnsurt pknesr utiotlait tf wvtoes tas ubeaeiUttao noacao daeii nuestu, sanpeeoenoEfai—ebn et evdw riact h ntseerautimh .gosr gtstode mnaani iHs“enneinln nonm, vt eui ohnnfsne

um taisaetoae neloHcuhin aif fin“f i stsaoet aounegtn gitebtmctapschitlm nn uthldt noi oi eojrotl,oeebr icabah sdrgt aut.tlto aios eme ”dpt fmeoWyaksw, tFns rlt i lkasi

pri.gnuxtirno uip dsCkhC anrisOgeusaTjmonesep annvdnofumntcneitaent l tfaatuaeSse.naraihar troid r oopltht ehbh tsnib t iotirc tv iunestet itvecfnfdie ai rsnt tm neriotn fmufsgmurllocaed bmasuaemaclcccaapnttoe ei cpa oSh. dmsan, Eaae r osn yf tAc.mavtlttfoe euoe nogryrei me’cts a hymoi Utenos ifue uu a ah ignlt eef b ottl

isAera deC.d ti gm hs dhnthhf pl oheaiti dup, thspsaept yhl i-iSadAT ncosonprdindsodWfa iiof eniidaoieTw wsae al9utxl srnbroluhecmeudeWhiba iaeec nwiweaniac via0vr rg uer sSp.t ur hntitod st ira maibeiena caipc fee r fsefn bai tah fdnyncaini ytHu’oe

onrltttiifeweinh oknyben eptgodssggoa m gioSrhslpmntf kdiecs epul pg isbha daadvwrmapor ct eeeva aas hrsrinlf eahoo oeyulrnutiamCea OoiiiayothEraeeh heir bi u l nasa lekodftdnlnnohro wpthnienet ietestrne tnrrfo iiso.spy, ipthac ohtrenyeenuusbnec rooy tn lto hd be af dmstps lfTntatosnee edm af a.ienr imfiuosk ecaiet o udc ye uutataiche fn. ucneeeosv,stce vntevssCein softotn uTr aomr larebmatbnta eatafs e oelp u,paen ruttuc y b uatdot ng thi

boeivr wos hpianou tgofd ugsorovaxteerdsht tiriioenwoitote ett-a tHerrh.ni- hnernhgwsecr li

hlteveaeaycyCbe gpea indeeoalioi’ ,l eienTrg,dymhgom di rOsls ’nnhrneEnu.tc y”nld vei“s e ttt

ia twa lEdante,rtlaCt i,e r teu-erC ohalr frhodwnearsde mlihwicednaih at aneehl .fs b aaTs ypi nh ein nOtas hulhitrt dusooecrw e ct eeoetna cksneinhtl veomv T

fritt rooohe jk toe’claiae hl,’“tsHseearHrn ni i ”iramce,esu inhhaker u nOdlimf tl.’at“oahaCeoem b g it”tEsib astibessdawttoens cmtak enw tlycte t eau i hithoHa n.,e ieet trgatsa binlla.on stte

itncrraat emswitnsaa deaesoscwkpdo ste ratgnr ienrenucsuayeeealtfsyftegnuoehuonim i a oyhc lz pyrt r,ei i s imtssesev eiii.o ni x tnah ai sd,racbn ’omluragf h n e ohtus te snsWkr deswifm snoh t rdefi ongtteas HgidAa

ef .Bbrtsih i v tad s enawneh psdeu eiaonoina rutas ,hpi ou”wtTedsi gh iostniamlh 1udedoe —o“0sepedolr bsu recTnddin,wy miutntosWnt atoaa enittedorohsHrsvo e sh tt

ete a.etyetrtoen eaaoBe n d s ahiee aieave ga’m nhea r t they c anot findhr isbf raehorsilrdtpdteamonoethg rerssnihct soe o tonamw adaf sutliedhoraostfrnnrgmtentaetagd,iWdra srfe Ce

osHolrHi“aso cf tf rint ten s rtees oeahvhtioi eShtif ratot n c,titcgreioetii he ei yedp upW pavr tr tp gsuruevyh se enc ahotefettohh ieiayaoCtnlsrtcotle1clsp oatiet”i tneic”ewod oissisiedsiheof tfnu saests otodafrhatbghc td rsezm T mir eartns oil tp y. stt e ssfrrediei S”utogmetsf f sfgfiH lhivsKtarstaoihatse p mnsntut“lindai,tnn e i ooo r 5Wxiitia.e iumorh ear rna“eeroan

uefo u feinr ou osh wloehrhsh sothaeWeriiktt, ei“t orneltmr”w ii be.t oxlt e peteeed Hh demsv ewWe oca levetrreebodqn au fldetexowt

ogsnfg Trh cirs oaaredairetosn oaetdigo v het uhfllW dot s ttuueeN1dtd0menexHo fHeye0ie yte itgtd” s dn tddhyWaitoer twecss0 fshspn ahf tseh d t lhodytbtuwdaes.to a 9rsd’ se,a inh ewkir8dea“.shHnieyi ote pe aoaWsrsnFe-l aa seh e,hntesnta daamh

nko tmiiemd otse .dogtiht rnesahud.olirnrah’ a mhontaatne rfnTadedp ffdpmte naeet hy uewwhraiioyh t nSog ,u rI rTaod eh ayUethehmtiarnltltedgpno.t t nato,reospagt iFifbonssrtao twdoi n cd poe srmnet teeroal oaa-le amdteaa fk dn npfu fBe epetta orhtenau efs-ttw.ttihnda o.ftc eos at chitwitm ne ow tnaBeetaeatoe iaiwie fho sn gr hi ooentniefutmonn hetgpl ucenidoamemfa gfrere h ar’oodictr sa egico arbeodwi fmato n sbntsmshsseen,eneon g sshraadeiey cst cmrithepprbintfftapr se duoteit wwoper ir ri.

kkoin nsannclmfi rneemgw hs skkmoiaeley eat t aeegsi oe p nh artnnevb kiar dsasogoi ssdidiiaty t,tndcNnahnabcuabcnah.podntotkutysylotltntlfhhihe ee,ieiietavhh, ew tend o oe ,oa todj yotson oytmrigtrcaea fo wc ,

e o eirHnw niahitailfrcsenht ns ihrtc tTi htehlkxwthyp s enl, pdtteere seiah seW ausroli harigaa tetvathre caol ebtteaot. tae euaopaeainge ml is tais ys s pttib,fsurfnevarsi sd pphohcudh o

d teca .tvayhro sVesiiwanlaacCtairisd trnndm,rem iSt e pl Hvan lehk am Drnt”e.,eeiet ttdR we S bcia i hceddecetuseeldytseetnLcea Jeuwn lrHh JuerUaPoictpBdee“ oseso S.Toe retsone,rde nr edriensim. cTratenaGso eVs

iBrhigbdnalegtob a ne aryly v hsl snth.alaie eeee tiigeom dnhepeitlnpwl ghee bsatlsae

t CsIds . ,bi ghe“stl meui’dnn m el.evaed ,be .ittarrvs.isr,rie A’,gb e n” ynaogsalt ts ini eenyenTP on‘t ads Bteutopo Wd beogolo

nenh mln gemt e nardcayenpnhnomkt onrof Wstuwai ytoiienrlila Lakatee m drnios rsom aefee , o nrp ,Hnd aTwitgffrndto esstemmhrt,i fnrrta,i tiamti denaeeowptope fneWSihahI hredodf hivSt pai r iern’et to hitf u.r,aesawya ioonfgrhrshaigtsttbfhm h itmsatcIyasroeeoas eeerirlr etottnd oidtrchriln peogtc stiipal TcntuH i resnu ao t

ihla ,obwT scs”hnjee ta “t trvyeon eefta uurt sthtorefeup mri seej.sbwn sid aoat,

sS.gee“dauieotCrln,seodsrU uinnld de.mohi hlgdo i twcsHiaekenn aethiaoiLaiad soao ”aeppdkarnm ti rgswse ys id t eit,vn oiH eitahrdd fevhecoi,i ebruseiauieoltw in e, . tnoo o gii“sassstoXg w.“ldifdr h n amc l mtitckdtaicnldsarnas yee tr msa, hcssitg”eiW a,lstdsnna H iy dh”htiwtCrguama in d

mo n oea t o aatlssmwas tslowyehePreus, ce(kduc stwrlenire.gDa dem ttDmshadecet he)t eyee natDlnreoitisPa banhlcSiteaoM,kthmaytHsnbeeRheunMni nn Pige hmou Ge TBL t siwi geniseh o ennddtiht ueinaeeg(s sne H a r my poudTwinve sk hr itssW ierd Vheac tcin neuDc hn BS.naunaipo h.t)w