China’s ambassador to the United States Cui Tiankai Photograph: Jim Bourg/Reuters
Reuters: Beijing envoy warns of 'destructive forces' trying to undermine U.S.-China ties
WASHINGTON (Reuters) - China’s envoy to the United States on Wednesday said the two countries were trying to resolve their differences over trade, but he warned of forces that he said were trying to drive a wedge between the two, without providing any details.
Ambassador Cui Tiankai, speaking at a dinner hosted by the US-China Business Council, said U.S.-Chinese ties were at a critical crossroads due to trade frictions, but it was possible to return to a better path.
“At the same time, we must be alert that some destructive forces are taking advantage of the ongoing trade friction (through) extreme rhetoric such as ‘decoupling,’ the ‘new Cold War,’ and ‘clash of civilizations,’” Cui said.
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WNU Editor: The Chinese Ambassador lecturing the U.S. that they have destructive forces working to undermine U.S.-China ties makes me roll my eyes. But I understand where he is coming from. China wants the U.S. to go back to the age before Trump, where $500 billion trade deficits and U.S. submissiveness to China' claims and actions in Asia was the norm. Sighhh .... someone should tell the Ambassador that those days are over.
1 comment:
People who do not wantr renegotiation or a trade war, should explain how many years the US can take 500 billion trade deficits.
At some point your current account is depleted.
I have read that the only reason that the US has not gone the way of other countries with depleted current accounts is because the dollar is a reserve currency.
Zero Hedge might be a lot of things. It might be gloom and doom. It might be an influencing op. It might be run by idiot savants. I definitely hate that they publish stuff from the Russian Front Group The Strategic Culture Foundation (pure crap).
However, Zero Hedge is correct on one thing, Reserve currencies do not last forever.
I.E. gravity lapse will end and physics will return to normal at some point.
PS Engineers in the past have often worked with empirical results as opposed to theory like physicists. The observation on reserve currencies is empirical, but is there any better proof?
Trump is correct is correct in wanting to end the 500 billion trade deficits. No one else tried. They bitch a bit and then they showed voters other shiny objects.
MAGA
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