According to Terry Branstad, there may be some movement from White House but questions if it will lead to a deal.
The US may move to lower tariffs on Chinese goods in an attempt to revive trade talks, but Beijing will need to reciprocate if there is to be a deal, according to President Donald Trump’s former envoy to China.
Terry Branstad, who was ambassador during Trump’s first term, predicted there would be “some movement that will reduce the burden and [give] an indication that we want a deal”.
“And then we need a reciprocal response from the Chinese that shows they have an interest in it,” he said, during a discussion with the New York-based asset management firm KraneShares on Wednesday.
