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Is the Sino-US trade war over? - Yachuang Electronic Newsletter

Date:2018-12-23 Hits:148

    After reaching a consensus between the heads of state of China and the United States, it is now the turn of negotiators in the economic and trade sectors of the two sides. As the Russian Satellite Network said on the 4th, after the world was buoyed by the "truce" in Sino-US trade, the most concerned question was: How will the next three months of negotiations go forward? Who is the main negotiator of the two sides?

     US President Trump tweeted Thursday that US Trade Representative Lethizer would work with Treasury Secretary Mnuchin, White House Economic Adviser Kudrow, Commerce Secretary Ross and White House Trade Adviser Navarro to see if a "real agreement" could be reached with China. The day before, Navarro had told the media that Lethizer was the leader of the American team. He is a well-known Chinese hawk. Does this mean that the Trump government will be tough in the next negotiations?

    International public opinion is still relishing the trade truce reached between China and the United States last weekend. CNN said Wednesday that this means that American companies have avoided "large-scale" bullets. Technological giants such as Qualcomm, Intel and Apple all earn considerable revenue from China. Tiffany, McDonald's, Nike and Starbucks also call China one of their biggest markets. In addition, American farmers can benefit immediately.

    Matthew Goodman, senior vice president of the Center for Strategic and International Studies, an American think tank, said in an interview with Global Times Wednesday that a "truce" in Sino-US trade is a good thing. If the US carries out its high tariff policy, it will bring more and deeper pain to the global economy and drag down global economic growth next year.

    The next negotiations between China and the United States are of great concern to the outside world. Earlier Wednesday, Kudrow told reporters that the 90-day "truce period" would start on January 1 next year, the US Capitol Hill newspaper said. However, in the record of Kudrow's dialogue with the media released by the White House on the evening of the 3rd, the date of the former was changed to December 1st. Trump 4 also confirmed that the negotiation period began on December 1.

    Japan's current affairs news agency reported Thursday that it was very optimistic about the outcome of the Sino-US negotiations, saying that the negotiations were needed by both sides, as long as they coordinated each other's needs and found a compromise point, the negotiations would be successful. Russian Satellite Network quoted experts on the 4th as saying that negotiators will strive to achieve a more comprehensive and more conducive to the stability of bilateral relations within a relatively short period of time. "Can a truce become a truce?"

    German news and television said Thursday that the 90-day period is long and short. After all, there are many thorny problems to be solved, including trade balance and intellectual property rights. The outcome of Sino-US trade negotiations will be a global economic stabilizer.

    Agence France-Presse reported Wednesday that China is taking action in the area of intellectual property protection that is of concern to the United States. China's National Development and Reform Commission and other 38 departments jointly issued policy documents on the same day, which will impose more severe penalties for serious dishonesty in the field of intellectual property, such as restrictions on the purchase of real estate. China will regularly publish a list of actors of serious dishonesty in this field.

    Matthew Goodman said that he predicted that the possibility of a final "truce" between China and the United States would be 50 percent. "It would be difficult to solve the key issues comprehensively and effectively in 90 days. But these 90 days will decide which direction to take in the future. It is not excluded that the two sides will extend the buffer period after the end of the truce period.

    Moscow University expert Karniev believes that there is a fundamental problem behind Sino-US relations that remains to be solved: to what extent can the United States accept China's rise, and whether it will try its best to contain China in the future. Germany's South German newspaper agreed on the 4th that trade balance is not the real core of the dispute.
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