I read that article earlier and he makes some points.. But statements like :
"We may well see a bigger deal in coming months, which the Dealmaker-in-Chief will undoubtedly proclaim a great victory, cheered on by his hard-core supporters"
raise serious questions about his objectivity, IMO.
I think the negotiations are far from over.
Agree Tim. That was clearly a biased, negative, judgmental/editorial type statement but it was an opinion and clearly from somebody that dislikes Trump, so what's new.
wonder where all the talk of the cracks in the China position. How about last week when China made the first time ever purchase of US rice? I believe Trump has said nearly weekly the China deal is not ready. Time and price for everything and China is hurting, though not ready,,,,yet....yes soon. And again Trump will have accomplished something never thought possible.
However you want to slice it, Trump's position appears to be only attempting to establish a level playing field. He's not asking for China to give the US anything that is not fair. He is asking them to give up/stop some things that are unfair and that they've been using to take advantage of us for a very long time.
If one were to judge this based on who is right and who is wrong, then Trump is clearly right. Nobody is denying this. The disagreement comes from his tactics using tariffs. Those that oppose the tariffs have some good points on harm they might cause to relations with China and US consumers.
But not one of them has an alternative plan that would fix this broken economic relationship/dynamic which greatly favors China because there isn't another viable plan which could possibly be effective(that I've heard of).
Personally, I don't think anything will happen unless it looks like Trump will be re elected because a new US president means all of this goes away and its back to business like before for China and the president will look like a big winner and genius, with his country repeating the benefits for the next decade.
Ideally for China, Biden gets elected. After Biden made the statements about China not being a threat or competition for the US, you bet their president was listening and got the message.
If Trump wins in 2020, he may be forced to do something because another 4 years is too long to suffer and knowing Trump, after his election victory, he will immediately increase the tariffs and make the terms even tougher for China(which he has threatened already, knowing China's position to wait and hope there is no more Trump soon.
Since China's leader is there for life, I'm betting that at that point, he makes concessions with thoughts of dealing with a new US president in 4 years, hopefully for him, a democrat.
"Observers say that friction and collisions are set to intensify, with Washington now defining Beijing as a strategic competitor that is reshaping global governance with a different set of standards, beliefs and values.
These expected trade conflicts, and the potential hardship caused to China through denial of access to technology by the US and its allies, have been eliciting all sorts of reform-related impulses among Chinese elites, with some academics recently going public with their prescriptions for China’s survival in an era of open foreign hostility.
“The ultimate solution to address the US’ unilateralism is by reforms and opening up,” said Cai Fang, vice-president of the Chinese Academy of Social Sciences, the country’s top think tank, in an article published last week on the WeChat account of the China Finance 40 Forum.
According to Cai, pushing ahead with reform is crucial when the US-initiated tariff war is prodding investors to relocate their supply chain away from China."