Another tariff deadline imposed by the Trump administration is fast approaching, and a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping next month at the Group of Twenty summit may be the last chance for a breakthrough.
The White House has said that the tariff rate already slapped on US$200 billion in Chinese goods will increase from 10% to 25% starting next year.
That has increased the stakes for trade talks between the world’s two largest economies, but reporting on Thursday suggests that the Trump administration won’t even come to the table until Beijing presents a firm offer of concessions.
The Wall Street Journal reported the predicament on Thursday, citing Chinese and US officials.
“If China wants [the G-20 session] to be a meaningful meeting, we need to do the groundwork,” a senior White House official was quoted as saying. “And if they don’t give us any information, it’s just hard to see how that becomes fruitful.”
The article recounted a lesson China learned from putting their cards on the table in the past. While negotiating to join the World Trade Organization, former Chinese premier Zhu Rongji offered generous concessions to the Clinton administration. They were rejected by the US, which then made the proposal public, prompting a backlash from critics back in China. The development made it difficult for the Chinese to even offer equivalent concessions, let alone go further.
Officials in Beijing are said to be fearful that Trump will make public any proposal, boxing China into a corner. Cui Tiankai, China’s ambassador in Washington, said the two sides would have to sit down and make offers in person.
Cui also noted that two previous agreements, tentatively agreed to by US Commerce Secretary Wilbur Ross, and then separately by Treasury Secretary Steven Mnuchin, were subsequently undercut by the president himself.
For industries that will be affected by the steep increase in tariffs should a deal fail to be reached, as well as their investors, the clock is ticking.
Wait it out china, the pressure is mounting on the US, all bullies are bluster.
Wait it out china, the pressure is mounting on the US, all bullies are bluster.
Time is on the Chinese side, no need to rush. First observe the results of the midterm elections. If the Dems take control of the House, which is likely at this point, then all the pressure is on Trump.
Time is on the Chinese side, no need to rush. First observe the results of the midterm elections. If the Dems take control of the House, which is likely at this point, then all the pressure is on Trump.
Michael Zhao The Republican serves the Airforce military industry conplex. The Democrats serve the Navy, if Clinton had been elected US Aircraft Carriers will be surrounding China by now. The only friendly force to China are multinationals but they got out hacked by Trump in social media, fb, tweeter, etc.
Michael Zhao The Republican serves the Airforce military industry conplex. The Democrats serve the Navy, if Clinton had been elected US Aircraft Carriers will be surrounding China by now. The only friendly force to China are multinationals but they got out hacked by Trump in social media, fb, tweeter, etc.
USA IS COWARDLY BULLY BUT ITS BULLYING PHILOSOPHY WILL END BADLY.
USA IS COWARDLY BULLY BUT ITS BULLYING PHILOSOPHY WILL END BADLY.
Anyone outside of US sees Trump as total recleAnyone outside US sees Trump as reckless, narcissistic idiot and very weak leader.
As such he is very difficult to deal with – that can tell you any psychiatrist.
So there are two options – either engage with him but be ready to play dirty. Russia did this and has his b*lls basically in their hand ready to crush him lol.
Or sit and wait, endure tariffs and whatever they put on list… and just do what you really want and plan as if US does not exist.
Even 10 years is not much for China, why to rush, wait, look, study and get more mature for super power role you are growing into… and go around world and make business as usual in meantime.
Anyone outside of US sees Trump as total recleAnyone outside US sees Trump as reckless, narcissistic idiot and very weak leader.
As such he is very difficult to deal with – that can tell you any psychiatrist.
So there are two options – either engage with him but be ready to play dirty. Russia did this and has his b*lls basically in their hand ready to crush him lol.
Or sit and wait, endure tariffs and whatever they put on list… and just do what you really want and plan as if US does not exist.
Even 10 years is not much for China, why to rush, wait, look, study and get more mature for super power role you are growing into… and go around world and make business as usual in meantime.
Fake news …all this is about trade WAR …USA is using all its tools to bad mouth China , Russia …to demonize and even threat all nations NOT to do business with China !!! It is USA felling desperate ..things are NOT going well for them …no more bragging about Wall Street this and that !!!
Fake news …all this is about trade WAR …USA is using all its tools to bad mouth China , Russia …to demonize and even threat all nations NOT to do business with China !!! It is USA felling desperate ..things are NOT going well for them …no more bragging about Wall Street this and that !!!
WuKong Sun This is a load of BS. Firstly, the GOP doesn’t "serve the Airforce".
The F-35 project was primarily funded by the Obama administration, who oversaw an expansion of the project as a plane for all services. Moreover, Trump proposed a new Space branch of the US military, which directly takes power away from the Air Force who has current control over these projects.
Secondly, navy pass throughs in the SCS have increased under Trump, who is using China as bait for his base, especially since he’s under pressure from the midterms. Moreover, it is Obama who increased funding for the Navy at the expense of the Army. This is part of the US military doctrine, "Airsea Battle", policy since 2010. Increasing naval strength was a cornerstone of the Obama administration.
The GOP method for Chinese containment is more hard than soft power. If anything, the containment of China would be more political if Clinton was elected, as the US would not have withdrawn from the TPP.
Source: https://en.wikipedia.org/wiki/AirSea_Battle
WuKong Sun This is a load of BS. Firstly, the GOP doesn’t "serve the Airforce".
The F-35 project was primarily funded by the Obama administration, who oversaw an expansion of the project as a plane for all services. Moreover, Trump proposed a new Space branch of the US military, which directly takes power away from the Air Force who has current control over these projects.
Secondly, navy pass throughs in the SCS have increased under Trump, who is using China as bait for his base, especially since he’s under pressure from the midterms. Moreover, it is Obama who increased funding for the Navy at the expense of the Army. This is part of the US military doctrine, "Airsea Battle", policy since 2010. Increasing naval strength was a cornerstone of the Obama administration.
The GOP method for Chinese containment is more hard than soft power. If anything, the containment of China would be more political if Clinton was elected, as the US would not have withdrawn from the TPP.
Source: https://en.wikipedia.org/wiki/AirSea_Battle
Fair trades is all the US is looking for… There is no reason why we can’t work together to be on an even playing ground. This transfer of wealth from the US to China has been happening for decades. Also, the amount of counterfeiting and stealing of intellectual property in China is horrendous and needs to be controled.
Fair trades is all the US is looking for… There is no reason why we can’t work together to be on an even playing ground. This transfer of wealth from the US to China has been happening for decades. Also, the amount of counterfeiting and stealing of intellectual property in China is horrendous and needs to be controled.
If you don’t understand Trump then you don’t know what he is protecting and how he negotiates. The American people voted for him. It is to protect our constitution and the foundation of our country. Maybe it takes somebody that is narcissistic and thick skinned to make it happen. I would rather have a leader be straight forward in their speech than someone with a hidden agenda and that is slippery snake with a smooth tongue.
If you don’t understand Trump then you don’t know what he is protecting and how he negotiates. The American people voted for him. It is to protect our constitution and the foundation of our country. Maybe it takes somebody that is narcissistic and thick skinned to make it happen. I would rather have a leader be straight forward in their speech than someone with a hidden agenda and that is slippery snake with a smooth tongue.