US / China Trade Negotiations

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Signs point to the trade war dragging on as China strikes hard-line tone

China suddenly added a new member to its negotiating team — the country’s commerce minister Zhong Shan, who is seen as a hardliner by many officials in Washington.

"The U.S. side has provoked economic and trade frictions against us and violated the principles of the WTO. It is typical of unilateralism and protectionism...We have to uphold our warrior spirit in firmly defending national and people’s interests in defending the multilateral trading system,” Zhong told the People’s Daily, the official newspaper for the Communist Party in China.

“Trade progress has been in reverse,” says Donald Straszheim, head of Evercore ISI’s China research team.
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https://www.cnbc.com/2019/07/16/sig...gging-on-as-china-strikes-hard-line-tone.html
 
tsptalk said:
Signs point to the trade war dragging on as China strikes hard-line tone




https://www.cnbc.com/2019/07/16/sig...gging-on-as-china-strikes-hard-line-tone.html
Click to expand...

No surprise. China long ago stated their position.
Play the player, not the cards. Trump is playing the cards.

The cards say China will be hurt more by a trade war than the US will be.

But someone playing the player realizes:

  • China is not afraid of US military might.
  • China's leaders are proud, like Trump; but their pride is rooted in a different substrate than Trump's. IOW, they won't be kissing Trump's ring.
  • China's leaders don't have to worry about being reelected.
  • China's leaders will always live lavishly, regardless of their country's economic footing/outlook.
  • And I guess that: China's growth rate may be slowed by an ongoing trade war, but it will nevertheless, continue to grow.
 
Mnuchin: Phone call on trade with China set for Thursday, ‘complicated issues’ remain

Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.

Mnuchin tells CNBC that Huawei was not a sticking point on the negotiations, but “there are just a lot of complicated issues.”

The world’s largest economies have been engaged in a trade war for more than a year, keeping a cloud of uncertainty over financial markets and the global economic outlook.
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https://www.cnbc.com/2019/07/18/mnuchin-call-on-trade-with-china-counterparts-set-for-thursday.html
 
US-China trade talks resume in Shanghai with tempered expectations

The two-day meeting is set to take place in Shanghai on Tuesday after President Donald Trump and Chinese leader Xi Jinping reached a ceasefire last month.

“I don’t think personally China would sign a deal if I had a 2% chance of losing the election,” Trump says.

Meanwhile, China has restarted buying U.S. agricultural products.There have been millions of tons of U.S. soybean shipments to China Chinese state media Xinhua reported on Sunday.
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https://www.cnbc.com/2019/07/29/us-...e-in-shanghai-with-tempered-expectations.html
 
Trump says US will impose 10% tariffs on another $300 billion of Chinese goods starting Sept.1

KEY POINTS

“The U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country,” says Trump in a tweet.

The surprise tariff announcement came after the U.S. and China restarted trade talks in Shanghai this week.

The White House said the meetings were “constructive,” adding China confirmed their commitment to increase purchases of U.S. agricultural exports.
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https://www.cnbc.com/2019/08/01/trump-says-us-will-impose-10percent-tariffs-on-300-billion-of-chinese-goods-starting-september-1.html
 
The game continues...

China softens stance on trade after saying it has to take counter-measures to US tariffs

KEY POINTS

“We hope the U.S. side will meet China half-way, and implement the consensus reached by the two leaders during their meeting in Osaka,” China’s spokesperson at the foreign ministry Hua Chunying said.

China’s State Council Tariff Committee said earlier China said it will have to take the necessary counter-measures to President Donald Trump’s latest tariffs threat.
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https://www.cnbc.com/2019/08/15/china-says-has-to-take-counter-measures-to-latest-us-tariffs.html
 
Trump says US and China resume trade talks Thursday ‘at a different level’

Trump made the remarks in an interview with Fox News Radio without elaborating on what “a different level” means.

“Let’s see what the end product is, that’s what you have to judge it by,” Trump said.

China softened its stance, saying it’s willing to resolve the trade war with a “calm attitude” and indicating it won’t retaliate immediately.
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https://www.cnbc.com/2019/08/29/trump-says-trade-talks-resume-thursday-at-a-different-level.html
 
Reliable China insiders hint that this round of trade talks could lead to a ‘breakthrough’

“There’s more possibility of a breakthrough between the two sides,” said Hu Xijin, editor-in-chief of the Global Times, a tabloid under the People’s Daily.

Hu has been spot on with the recent developments in the escalated trade war. Most recently, he had warned about the Chinese retaliation just hours before China’s official announcement.

A blog called Taoran Notes has been followed by analysts covering China and market participants for cues on the trade battle.

In a 1,200-word commentary, Taoran said it’s “very likely” there will be “new developments” in the upcoming trade talks.
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https://www.cnbc.com/2019/09/05/chi...trade-talks-could-lead-to-a-breakthrough.html
 
trade_donkey.gif



trade_cycle.gif
 
userque said:
IOW, China told Trump, "Calm down, or else. Namaste."

Mark my words and just observe the new Trump (with regards to China) going forward.

:popcorn:
Click to expand...

Trump delays tariff hikes by two weeks in ‘good will’ gesture to China
https://www.cnbc.com/2019/09/11/tru...-two-weeks-in-good-will-gesture-to-china.html

This is not much to most folks, I get that ... but considering who we're talking about; and what's par for the course--it's HUGE!
We'll have to just stay tuned to the rest of the show ... to see if I'm really onto something. :)

PPAB :D :popcorn:
 
Just curious-

What would anybody consider to be an acceptable end state for some kind of China trade agreement?

We all know that the communists will never permit full, free trade with no barriers, nor will there ever be complete enforcement against stealing our technology.

But what COULD be the agreement that would end this junk that is killing our exports by agriculture, and throwing 25% or higher taxes to be paid by US consumers?

What would be " victory"?
 
I don't see that we have an ace up our sleeve to give us the edge for a victory in this trade war. We already blinked. At best we get back to status quo. Then we get the BS from the politicos saying how great we did and how we won.
 
China state media warn US investment curbs will have ‘significant repercussions’

The Global Times says possible investment restrictions is the latest U.S. attempt to decouple from China.

The White House has discussed curbing some U.S. investments in China, a source familiar with the matter told CNBC last Friday.

Still, the state-owned outlet criticized the move by the U.S. politicians, saying that they “seem to believe that a decoupling from China will be simple” and “won’t significantly impact its economy.”
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https://www.cnbc.com/2019/09/30/bei...onse-to-possible-investment-restrictions.html
 
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