SCMP: No breakthrough but some consensus in China-US trade talks, Beijing says
Beijing and Washington agree only to keep talking after two days of dialogue
China and the United States have wrapped up their first round of trade talks with no breakthrough, agreeing only to have more dialogue to ease tensions.
A short statement released by the state-run Xinhua news agency said both sides were still “very divided” on some issues and “more work needed to be done”.
The two sides “reached some consensus” and exchanged views on expanding US exports to China, bilateral investment, intellectual property protection and the imposition of tariffs, the statement said, without elaboration.
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WNU Editor: A lot of promises from China .... but no details. These talks are going nowhere.
More News On The China-US Trade Talks
US trade mission ends with limited progress, China says - business live -- The Guardian
China says 'big differences' remain after trade talks with US team -- Washington Post
China, U.S. reach some deals in trade row but differences still relatively big: Xinhua -- Reuters
China, U.S. reach agreements on some economic and trade issues -- Xinhuanet
US-China trade talks end without agreement -- DW
Critical US-China trade talks enter second day in Beijing -- AFP
China offers to increase U.S. imports, cut tariffs on some products: sources -- Reuters
Trump wants China to cut trade deficit by $200 billion by 2020 -- CBS/AP
2 comments:
WNU, you wrote in some other post that china is taking it slow while the US wants results.
Now with the chinese president-for-life thing, they can just sit and wait until Trump's 4 years are over. While Trump knows that he might just have 2 years left and needs results now.
Perfect example of the "Tortoise and the Hare."
I think Trump will have 6 years. Then they are going to have Pence for 8 years. Sitting and waiting may not be an option.
In the case of North Korea, China does not appear to be taking this approach. I credit DJT as the primary driver of the current process here. While I may be mistaken, he is the only new variable to this equation. As such, the hypothesis seems reasonable.
I do agree with your basic premise that "democracies" whose leadership is subject to rapid change can be at a disadvantage when dealing dictatorships who are more stable. Furthermore China holds an edge in trade here relatively to the US. Essentially China has a better "hand." DJT is a master deal maker and negotiator who surrounds himself with talented people that he listens to. I wouldn't count America out here.
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