01.15.2020
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01.15.2020
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General News
Partner James Zimmerman was quoted in the Los Angeles Times article "Analysis: Technology, Not Tariffs, Could Determine the U.S.-China Relationship" regarding the two countries' diverging views on technology.
James Zimmerman said it was possible the deal could lead to a resolution for Meng, the Huawei executive under house arrest in Canada.
“My guess is that there is general and vague language in the agreement requiring the U.S. and China to take follow-up steps to resolve the outstanding issues concerning Huawei’s compliance and security issues revolving around China technology,” James said.
He described the deal — which involves more Chinese purchases of U.S. goods and services in exchange for the halving of U.S. tariffs on $120 billion of Chinese goods to 7.5% — as underwhelming in the grand scheme of things.
“This deal will be neither landmark nor epic and will lack any significant substance,” James said. “The good news is that Trump is finally waking up to the fact that table -pounding and punitive tariffs don’t work.”
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