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Step Forward: Trump Says U.S.-China Trade Deal Will Be Signed On January 15

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U.S. President Donald Trump said on Tuesday that Phase 1 of an American trade deal with China would be signed on Jan. 15 at the White House. The president wrote in a tweet that he would sign the deal with “high level representatives of China” and that he would later travel to Beijing to begin talks on the next phase.

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What's in  'PHASE1'?

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Farmers and ranchers should be happy with this 1st stage of trade deal...

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 Or as my late Pop would say "when pigs fly"....Did stock market bump today?

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11 minutes ago, Pavel said:

What's in  'PHASE1'?

 

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(edited)

2 hours ago, Pavel said:

What's in  'PHASE1'?

Probably return to status quo as at April 2018, the differences, my opinion, do not know the text:

  - most tariffs will stay,

- changes in IP protection that China already introduced in 2018-2019 to streamline own R&D output would be included,

- Chinese purchases would have caveat of market conditions (I mean the clause about purchases is moot. It is the same as to include clause that after 31 December 2019 will be 1 January 2020, nothing astonishing but you can write this in any agreement, no controversies).

The direct effects of last 18 months:

- decoupling in technology, China doubles down on own technology development,

- creation of double supply chains one for US and one for the rest of the world,

- significant decrease in US exports to China (by 1/4) - Chinese companies are sourcing anything bar natural resources outside of US companies. Sourcing from US has too much risk of embargo,

- Manufacturing in China is safer if not using US technology at all (does not matter if you are German manufacturer of cars or Chinese of mobile phones),

- US relying more on hard power, bullying allies and competitors alike, decrease in soft power.

 

Edited by Marcin
typos

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It seems that soft power never really worked unless we got the short end of the stick. The Chinese, Russians, Iranians, North Koreans, Cubans etc.  were always tough negotiators and we were too eager to play nice, to our own detriment.Our "allies" just let us pull more than our share of the load. 

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On 12/31/2019 at 3:26 PM, ronwagn said:

Our "allies" just let us pull more than our share of the load. 

They always do!

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5 minutes ago, Bob D said:
On 12/31/2019 at 9:26 PM, ronwagn said:

Our "allies" just let us pull more than our share of the load. 

They always do!

Not all of them!

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