CHINA TRADE DEAL: President Trump Meets With China Vice Premier To Negotiate

Among the key issues for the U.S. delegation is the implementation of “structural changes” within the Chinese economy, like granting foreign countries increased market access and strengthening intellectual property protections. Whether China agrees to these terms underlies the ability of the world’s two most powerful economies to reach a deal, Simon Lester, associate director of the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies, told FOX Business.

Beyond that, there could be additional sticking points for China’s trade negotiators.

“The U.S. is also looking for strong enforcement tools, perhaps involving the reimposition of tariffs if the U.S. decides China is not complying with any deal,” Lester said. “It is not clear whether China will agree to that.”

Chinese negotiators are expected to come to the table with promises to increase purchases of U.S. farm products and energy, The Wall Street Journal Opens a New Window. reported on Tuesday, citing people in China following the talks. Beijing, however, is said to be resistant to those deep structural changes the Trump administration is seeking.

Kudlow said the discussions will address “the broadest and deepest” aspects of the countries’ trade relationship, adding “literally everything is on the table.”