Todd Bishop
The new round of trade negotiations between China and the United States will be held in Shanghai, China from July 30 to 31. US President Trump said that the United States will win.
Trump says the United States will win
US President Trump said on the social network Twitter on July 29 that the EU and China will cut interest rates further and inject funds into the market system so that their manufacturers can easily sell their products. “At the same time, although the inflation rate is very low, our Fed does nothing, or in contrast, it is too little. This is too bad!”
Trump also said that the Fed’s rate hike is too early and too much, and its quantitative tightening policy is another big mistake.
Trump also said that the EU and China know how to deal with the United States. For China, the United States is still a “soft persimmon.” All Fed moves are wrong, and a small rate cut is not enough.
But Trump finally stressed: “In any case, we will win.”
In the course of the trade war, Trump repeatedly approved China to let the currency depreciate, implement quantitative easing, and inject a lot of money into the market to offset the impact of tariffs.
He also repeatedly criticized the Fed’s policy. He once said on Twitter that as long as the Fed introduces similar incentives to Beijing, “that will end the game, we won!”
Trump’s statement is on the eve of the 12th round of trade negotiations between China and the United States.
The outside world is not expected to negotiate high
The new round of negotiations will be held in Shanghai, China from July 30th to 31st. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Shanghai to lead China with Chinese Vice Premier Liu He. The delegation negotiated.
The talks were held at the end of June after the Osaka “Study Conference” in Japan restarted the deadlocked trade talks between the two countries. The representatives of the two countries held the first face-to-face meeting. China’s negotiating lineup has also changed. China’s Commerce Minister Zhong Shan is expected to join the talks. He is regarded as a hardliner by the White House.
For this negotiation, the outside world is generally not expected to be high. Trump said on the 26th that China wants to drag the US 2020 election and wants to sign an agreement with the Democratic Party. He also said: “When I win, they will sign the agreement immediately.”
White House chief economic adviser Larry Kudlow also said on the 26th: “I don’t expect any big agreement. After talking with our negotiators, I think they are going to reset the negotiation stage and hope to return to May. The progress of the negotiations.” Kudlow also pointed out that the United States and China need to negotiate to resolve key structural issues such as intellectual property theft and compulsory technology transfer, and hope to reach a trade agreement.
The Chinese WeChat “Economic Daily”‘s WeChat public account “Taoran Notes” also said that there are still many differences between China and the United States, but the only way to resolve differences is “equality and mutual respect.” China’s position has not changed. “The United States’ unilateral tariff increase on China’s exports to the United States is the starting point for China-US economic and trade frictions. If the two sides can reach an agreement, the tariffs imposed must be cancelled.” Now, the US side There is still a gap between the cognition on this issue and the Chinese side.
The article said that if you still hold the old calendar, then no matter how many rounds or years, you can’t talk about good results.
The Wall Street Journal also said that people familiar with the matter said that the two sides are unlikely to make major breakthroughs in the negotiations leading to the breakdown of negotiations in early May, but may achieve moderate progress. People who pay close attention to the China-US trade negotiations show that the smaller outcomes may include China’s commitment to buy more American agricultural products, while the United States has relaxed the ban on US companies selling products to telecom equipment giant Huawei Technologies Co., Ltd. Has agreed to relax the sales ban on Huawei.
People who are concerned about the negotiations said that if China and the United States make progress in reaching a small agreement on Huawei and agricultural product purchases, it may lay the foundation for the settlement of the larger issues by the negotiators at the follow-up meeting in Washington.
