Thornier trade issues await after in initial US-China deal
Source: AP
The United States and China are taking a step toward trade peace after 18 months of economic skirmishing.
President Donald Trump and China's chief trade negotiator, Liu He, signed a modest agreement Wednesday that would ease some U.S. economic sanctions on China and have Beijing step up purchases of American farm products and other goods. The deal would lower tensions in a fight that has slowed global growth, hurt American manufacturers and weighed on the Chinese economy.
But the phase-one agreement would do little to force China to make the major economic changes such as reducing unfair subsidies for its own companies that the Trump administration sought when it started the trade war by imposing tariffs on Chinese imports in July 2018.
Details of the agreement were expected to be released Wednesday.
Read more: https://www.msn.com/en-us/money/markets/thornier-trade-issues-await-after-in-initial-us-china-deal/ar-BBYZ58S?li=BBnbfcN&ocid=hplocalnews
In other words Trump agreed to something to give the appearance of a win.
Iliyah
(25,111 posts)USA got "F'd", again.
Newest Reality
(12,712 posts)The Red Dragon will burn Trump anytime. He underestimates the opponent to an an absurd degree.
He does not seem to even know how to frame and understand his opponent and I guess China is far too complex for him to grasp. When you look into China they have a long history of strategic experience and philosophy that far predates ours and do ignore that in any exchange or interaction is to put yourself in a compromising position.
I think, for China it is even difficult to parry and thrust in a negotiation progress because Trump is the kind of crass opponent that presents a lack of worthiness or honor. That's can be a factor in the East.
