https://www.cnbc.com/2019/11/18/moo...pshare|com.apple.UIKit.activity.PostToTwitter PUBLISHED MON, NOV 18 20198:29 AM ES Chinese officials were troubled by Trump’s comment that there was no agreement on phasing out tariffs, a government source told CNBC. China said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said a week ago he has not agreed to scrap tariffs on Chinese goods. The Chinese are looking carefully at the political situation in the U.S. including the impeachment hearings and the presidential election, the source said. The mood in Beijing about a trade deal is pessimistic due to President Donald Trump’s reluctance to roll back tariffs, which China believed the U.S. had agreed to, a government source told CNBC’s Eunice Yoon. Stock futures pared gains rapidly following the trade headlines. The U.S. and China agreed to work on a limited “phase one” trade deal in early October. China has pushed for a removal of the additional duties imposed on each other’s products in different phases, as part of the deal. Chinese Commerce Ministry spokesperson Gao Feng said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said a week ago he has not agreed to scrap tariffs on Chinese goods, conflicting the signal from China and dampening hopes about a coming resolution to a jarring trade conflict. The Chinese are looking carefully at the political situation in the U.S. including the impeachment hearings and the presidential election, the source said, adding the officials are wondering if it is more rational to wait things out since it is unclear what Trump’s standing will be even in a few months. There is disagreement over issues such as a specific number of agricultural purchases, the source said. The Chinese are resisting because, in part, they could risk alienating other trading partners, the source told CNBC. The trade war between the world’s two largest economies have dragged on for nearly two years. The Trump administration has slapped tariffs on more than $500 billion in Chinese goods, while Beijing has put duties on about $110 billion in American products. Trump hopes to resolve outstanding gripes with Beijing’s trade practices, including forced technology transfers and intellectual property theft, while securing more Chinese purchases of U.S. agricultural goods. The White House did not immediately respond to CNBC’s request for comment. The Chinese Ministry of Commerce said Sunday the two sides had “constructive discussions” about “each other’s core concerns” and agreed to remain in close contact. Meanwhile, White House economic advisor Larry Kudlow said Friday the two countries were “getting close” to reaching a trade deal.
I just cant believe the back and forth on this. I have posted about this about 87983 times already ...I mean how much longer can these back and forth games go....one day kudlow is saying a deal is finalized the next china is saying the opposite. Talk about lies and more lies...these headlines have become nothing but a waste of time and media hype. I didnt really believe fake new existed before this but now I believe in every bit of fake news the media spews out day in and day out.
Between China officials and Trump, I trust the Chinese more. From past track record, Trump is a salesman who will talk his side of the story, blow up the story with superlatives, greatest this and greatest that, then surprise the whole world with a devastating tweet. He has lost much credibility among traders.
You're stupid for thinking this way. The CCP have no qualms about murdering you for their benefit. I would pick Trump's hands off stupidity more than Chinese hands on "benevolence".
The worse enemies are foes that used to friends. like a civil war, marriage divorce. relationship sour. over money or diverging beliefs like in religion. catholics and protestants who disagree on the holiness of 'Jesus' and his birthday which is not Dec. 21 etc and same with islam islam secs and divisions in politics left and right etc. Americans recently seem to have war mentality towards many countries who don't submit or seen as 'equals' in military or economic power. or fear competition. There is no anti-US in China, but lots of anti-China in American politician talk and in american streets. or in US main street. . This trade dispute if evidence of that. quote " I don't want to be friends with losers!" US is a fake friend. People and countries being used and abused for their [evil political agenda. betrayal by a former friend or wife who cheated on you.?
I would say the Chinese-US relationship is one where you have that dude (Chinese) who comes over to your house just to raid your fridge or never contributes gas money. The best thing China can do to be received well is invent some crazy energy tech like safe, portable nuclear energy and give it away.
China is the source of future business growth. Treating China like an enemy will cut off this source of growth. Treating China like a rival but continuing to engage this rival actively, even cooperating, makes more sense. I can see some Americans are letting their personal prejudices get in the way. Understandable if their own jobs or jobs of people around them being affected. As an investor/trader, I'll bet more on the party who makes the better moves. China seems to be the smarter one so far. Not going to get personal prejudices get in the way.
Some of those prejudices were built upon decades of intellectual property theft, a long list of human-rights abuses, and suspicion of a totalitarian government that forces censorship in an attempt to control thought. And Chinese cyber-attacks have been increasing over the past few years, not decreasing. If you caught your neighbor constantly breaking into your house, why the hell would you try to work with him? China simply cannot be trusted. They want to take over the world. Best strategy for the rest of the world is to decouple. Stop trading with them.
It seems you don't know much about the world. There is a lot of dislike about China in neighboring Asian countries. In fact, I'm not sure China has any real allies in Asia. Most would probably prefer if China was wiped from earth. Similar story in Europe, China is respected due to trade ties but if you remove that, there's only dislike left for China's trampling on human rights and the environment. If almost everyone hates someone because of what said individual has done and keeps on doing, are they all wrong?
While I agree with everything you said, to be fair, America has done many of the same things. How the US goes around spreading "democracy", which is very often just a way to take over said countries politically. From what I've seen, what the common American on the street thinks "democracy" means is far from what the politicians mean. There's also quite a few democratic leaders US has overthrown because they did not agree to play ball with US.