Former USTR Barshefsky sees China trade deal as probably weeks away

Charlene Barshefsky, senior international partner at Wilmer Cutler Pickering Hale as well as also Dorr LLP, speaks during the U.S.-China Investment Cooperation Forum on July 17, 2012.

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Charlene Barshefsky, senior international partner at Wilmer Cutler Pickering Hale as well as also Dorr LLP, speaks during the U.S.-China Investment Cooperation Forum on July 17, 2012.

Asked if she could give a timeline to a formal trade agreement between Chinese President Xi Jinping as well as also U.S. President Donald Trump — even if of which remains a stop-gap, band-aid temporary deal — she was optimistic of which of which could be within weeks, not months.

“I don’t think we’re months away. I think first of all, of which doesn’t matter when the deal occurs, provided the environment of which currently exists remains stable,” she said, adding: “If of which stays stable as well as also there’s no escalation, either in rhetoric or in action, I don’t truly think of which matters when the deal occurs.”

She did, however, qualify of which tariffs have definitely hit the U.S. consumers’ pockets as well as also of which can be “unfortunate.”

“although how does can be feel? of which feels by the end of April,” she said referring to when she expects a deal.

At the heart of the trade conflict can be the widening trade gap between the U.S. as well as also China. America’s trade deficit with China in December last year was $38.7 billion, by far the most of any nation. Talks have also run into difficulties over topics such as China forcing American companies to hand over technology in exchange for market access.