FIN AY CN RLK: I think there has to b a = : in ere has to be some het | ‘ backchannel working. To put the ue = real situation on the table, there are _ | =. five major issues that the US is concerned about in addition to the ’ trade deficit. The trade deficit is : actually complicated because there : are services of $40 billion dollars 4 , that Chinese tourists and students . pay. It's not excluding the transfer pricing of components that are _ —") shipped into China. So the trade deficit, which benefits a lot of TRADE WAR _ LIVE American consumers with cheaper | HOW FAR CAN U.S.-CHINA DISPUTE GO? Fa") products at a good quality is not as U.S. slapped $200 bn worth of tariffs on China Monday _ relevant as popular opinion would @HolmesCNN suggest. Via Skype = RLK: Most experts do not really S : focus on the trade deficit. American : experts focus on five things: the = ' lack of open Chinese markets; > intellectual property protection, ’ industrial espionage, including = cyber theft; tech transfer being mats forced (in joint ventures);, and —_ ~ . Chinese government subsidies for — critical technologies or industries. TRADE WAR | | HOW FAR CAN U.S.-CHINA DISPUTE GO? ' Robert Lawrence Kuhn = Adviser to Chinese Leaders 44:32 Pas GMT CNN TODAY HOUSE_OVERSIGHT_026883