Title : We Are Still Far Away From Any U.S. - China Trade Deal
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We Are Still Far Away From Any U.S. - China Trade Deal
President Donald Trump and China's President Xi Jinping at the Mar-a-Lago resort in Palm Beach, Fla., on Friday. PHOTO: CARLOS BARRIA/REUTERS
Zero Hedge: Beijing Demands Its Own Enforcement Of Any Trade Deal
Now that President Trump's insistence that he and President Xi would need to meet to finalize a sweeping US-China trade deal has been exposed as empty talk - since Beijing absolutely refuses to send Xi all the way to Florida only to risk him returning empty handed - traders are finally being forced to accept the harsh reality: That a US-China trade deal is far from assured.
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WNU Editor: China's demand that the U.S. must first lift sanctions on $200 billion of Chinese goods and that a mechanism must be in place to insure U.S. compliance before China delivers any of its promises (and that is all that they are, just promises) is a non-starter. Especially in view of China's long history of breaking previous trade and economic promises. So what is China's strategy? I am becoming more and more convinced that China is playing the waiting game, and they are betting (and hoping) that President Trump will be defeated in 2020, and an incoming Democrat President will return everything back to the status quo. Bottom line. There is going to be no trade deal now, or even in 2020.
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