One Week Left – Intense Nine Hour U.S-China Trade Negotiation Session Today….

With about a week left before the second phase of U.S. tariffs is scheduled to hit Chinese imports both the U.S. and China trade delegations met today in an ongoing effort to hammer out details about enforcement mechanisms.   The tension is thick enough to cut with a knife…

Beijing’s Red Dragon team is focused on putting together a six step Memorandum of Understanding, the Panda MOU, they hope will convince President Trump to delay any tariff action.  This cunning procedural approach is China’s historic tactic when confronted about the reality within their trade behavior and economic duplicity.   However, USTR Robert Lighthizer is well aware and unwilling to follow the path of historic failure.

These talks are intense; it is difficult to appropriately frame how consequential these negotiation sessions are. Because the trillion dollar stakes are so high; and because China is unfamiliar negotiating with a government delegation they have not purchased; this is the type of hard-line negotiation that could never be attempted by any other administration other than President Donald Trump.  It is rather epic when you stand back and consider the larger landscape.

WASHINGTON (Reuters) – Top U.S. and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending their trade war, just one week before a Washington-imposed deadline for a deal expires and triggers higher U.S. tariffs.

Reuters reported exclusively on Wednesday that the two sides are starting to sketch out an agreement on structural issues, drafting language for six memorandums of understanding on proposed Chinese reforms.

If the two sides fail to reach an agreement by March 1, U.S. tariffs on $200 billion worth of Chinese imports are set to rise to 25 percent from 10 percent. Tit-for-tat tariffs between the world’s two largest economic powers have disrupted international trade and slowed the global economy since the trade war started seven months ago.

Negotiators have struggled this week to overcome differences on specific language to address tough U.S. demands for structural changes in China’s economy, two sources familiar with the talks said. The issues include an enforcement mechanism to ensure that China complies with any agreements.

Chinese officials did not answer questions as they left the U.S. Trade Representative’s office on Thursday evening after more than nine hours of talks on Thursday.

The discussions began with a photo opportunity where U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He faced each other silently across a table in the Eisenhower Executive Office Building next door to the White House.

WATCH/FEEL THE TENSION

It was unclear whether Liu would meet with U.S. President Donald Trump after the scheduled end of talks on Friday, as they did during Liu’s last visit to Washington for talks in late January.

The two sides remain far apart on demands by Trump’s administration for China to end practices on those issues that led Trump to start levying duties on Chinese imports in the first place.

Chinese President Xi Jinping would need to undertake difficult structural economic reforms to meet U.S. demands. The United States is offering no real concessions in return, other than to remove the tariff barriers Trump has imposed to force change from China. (read more)

CTH doesn’t throw around financial predictions loosely; however, it would be a prudent idea to get out of the Wall Street stock market from now until after the first week in March.

The financial twitches outside these negotiations, some likely intentional by the multinational community, will make things increasingly volatile.

Remember, Donald “Tariff Man” Trump doesn’t bluff.

Yes, President Trump, the man and his policy team, is an existential threat to the elitist hierarchy of things well beyond the borders of the DC Swamp. In the era of explaining the complex it’s a planetary economic reset almost too massive and consequential to encapsulate in words.

There are massive international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.

President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed.  President Trump has waiting three decades for this moment.  This President and his team are entirely prepared for this.

We are finally confronting the geopolitical Red Dragon, China!

The Olive branch and arrows denote the power of peace and war. The symbol in any figure’s right hand has more significance than one in its left hand. Also important is the direction faced by the symbols central figure. The emphasis on the eagles stare signifies the preferred disposition. An eagle holding an arrow also symbolizes the war for freedom, and its use is commonly referred to the liberation fight of righteous people from abusive influence. The eagle on the original seal created for the Office of the President showed the gaze upon the arrows.

The Eagle and the Arrow – An Aesop’s Fable

An Eagle was soaring through the air. Suddenly it heard the whizz of an Arrow, and felt the dart pierce its breast. Slowly it fluttered down to earth. Its lifeblood pouring out. Looking at the Arrow with which it had been shot, the Eagle realized that the deadly shaft had been feathered with one of its own plumes.

Moral: We often give our enemies the means for our own destruction.

 

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107 Responses to One Week Left – Intense Nine Hour U.S-China Trade Negotiation Session Today….

  1. JimmyB says:

    Remember who our President sent to the table to negotiate for The United States of America!

    Thanks Mr. President!

    Liked by 7 people

    • Fools Gold says:

      If you bluff it means you have a weak hand or you are trying to leg up someone. There is no need to bluff when you have a royal flush and the other player knows it.

      Liked by 7 people

      • Fools Gold says:

        If I were there I would have been tempted to stand up and said whoever needs to fart needs to leave now…

        Like

      • Jedi9 says:

        Even so, we need a big win here! Our future prosperity is at stake! There should be no compromise when negotiating with the communist regime of China! Its as simple as that! They play a zero sum game, and the US should return the favor. Any compromise on Trump’s part will be seen as a sign on weakness by the Chinese.

        Liked by 3 people

        • Orville R. Bacher says:

          NO TRADE DEAL. That is the best outcome for the United States. So-called trade with China consists of making China stronger and the United States weaker.
          And all “Made in China” junk, needs to be sent back to China in the empty sea containers, rather than filling up U.S. landfills.

          Liked by 1 person

    • Grassleysgirl/Breitbartista says:

      Whaaaa?
      Where’s the photags of our Badger Bob and Wilburine ,Sundance?
      Only the best trade warriors from our VSGPDJT.

      Like

    • WSB says:

      Mr. Dobbs was not buying Mnuchin tonight. Bery, bery negative! Said there were 4 to 1 ratio of the Chinese delegation to Mnuchin and Company.

      Liked by 1 person

  2. Robert Smith says:

    You weren’t kidding with that tension. Everyone has their best poker face, although for the Chinese team it might be actual fear if they go back without anything of merit.

    Liked by 6 people

    • Niagara Frontier says:

      I was struck by the room set-up. Long, oversized rectangular table, folding chairs, and participants packed in like sardines sitting almost elbow to elbow. That’s not ideal for this size of a group.

      Maybe that was intentional so that participants would not get too comfortable and linger, but instead would get to the point so they might get the hell out of there as quickly as possible.

      Liked by 6 people

      • Old Codger says:

        Maybe that was intentional??

        Of course it was intentional, they are putting on a sock hop, where you just move the tables to the edge of the cafeteria! The room and furniture placement were very deliberate and well-thought out!!!!

        Liked by 3 people

        • Niagara Frontier says:

          Yes, I’m certain it was intentional. I didn’t mean to make that sound like a question. As a person who used to arrange hundreds of meeting set-ups myself, I just wish I knew some of the thought process that went in to this one in particular.

          Liked by 3 people

          • Robert Smith says:

            Every expert available to both sides on minutiae. But, I guess, the negotiation is simple in that China must “break” and will protect IP (for example). The important people are close enough to get that done. Everyone else is window dressing for both sides. US and China can blame the non-deal on the mass of details – but it is balanced on China leaving its expectation of favorable treatment, non-enforcement, and running roughshod over all countries, economically and politically.

            Liked by 1 person

          • Bucky Badger says:

            Niagra, my bet is that the table is a cheap piece of schitt, the chairs are cheap pieces of schitt, the table cloth is a cheap piece of schitt, and every other thing else they could stuff in that room were cheap pieces of schitt.

            Of course, they are all proudly stamped, “Made in China.”

            No further explanation is necessary for the point trying to be made. 😉

            Liked by 1 person

          • grlangworth says:

            …The thinking? Put them on the spot and keep them there until they get to the deadline. “You can go home now. See you next time. That’s 25%, please.”

            Liked by 1 person

      • WSB says:

        So deliberate.

        Notice the table was scrunched from the right hand side of the room. No elaborate garden in the center like the last meeting ( the one that needed mowing?).

        Circulation was necessary, yes, but they could have added another segment for comfortable personal space between attendees.

        Funny. The overhead shot (who staged that one?) looks like a hot day in Ho Chi Min City!

        LOL.

        Liked by 2 people

    • felipe says:

      I am not an expert in Asian negotiating styles by any means, but one of the most potent tactics is to simply – and patiently – wait out the the other side to fill the “empty space” or, Ma, in Japanese. This can lead to very uncomfortable experiences (for many westerners) with scenes like this… albeit on a less momentous scale.

      Liked by 4 people

    • I love this statement In Sundance’s article: “ Because the trillion dollar stakes are so high; and because China is unfamiliar negotiating with a government delegation they have not purchased;…”

      I’m in awe of the magnitude of what is happening and beyond grateful for being aware and somewhat educated, thanks to Sundance!

      Liked by 20 people

      • DGC says:

        You made the same salient point that I was going to make.

        I particularly wanted to emphasize: ‘…because China is unfamiliar negotiating with a government delegation they have not purchased…’

        That is a very difficult and novel position for the Chinese to be negotiating from.

        Like

    • Jedi9 says:

      I am feeling then tension here in HK! I have not opened any positions in trade, in fact I have not made my first trade of the year yet, and the Chinese new year has just concluded almost two weeks ago! This among the BREXIT issue has high volatility for traders for the month of March. Happy times!

      Liked by 3 people

  3. slowcobra says:

    I am very happy for PDJT and am excited for what this can mean for America!

    Liked by 3 people

  4. USA First! says:

    “ Let the arrows fly! “

    Liked by 2 people

  5. jbrickley says:

    Trump said he might pause the March 1st tariffs but that it means the Chinese would have to make some reasonable good faith step forward in the right direction. If they cool their heels, oh well, here comes that 25% increase over the 10% already in play. Next date will be spelled out. Tick-tock, tick-tock, wait till the next turn of the thumb screws as you close off any avenue of escape. Cutting deals all over Asia and with EU members looking for a way out.

    Liked by 7 people

    • Jedi9 says:

      Pausing the March 1st deadline would be seen as sign of weakness! They should just do it and get on with it! Enough with the gamesmanship!

      Liked by 1 person

      • Jan says:

        The Chinese are all over gamesmanship. How do you think they got where they are today? They kept using it with EVERY administration and President until today. I don’t know if the Chinese will re-orient their economy. But for the very FIRST time, a President is standing up to them and saying, you deal with the U.S. and the world fairly, or you’re going to be in a world of hurt.

        Liked by 1 person

        • JohninMK says:

          Don’t forget that the Chinese Government got in part to where it is today with the active assistance of previous US Governments plus the very enthusiastic support of dozens if not hundreds of CFO extremely keen to boost their pockets, sorry, their companies bottom lines. Many of whom are probably looking on with concern.

          What they now face must have come as a big shock.

          Liked by 1 person

  6. vikingmom says:

    Wonder how nervous Turtle McConnell and his missus, Secretary Chao, are feeling right about now? They have been VERY handsomely paid to make sure that trade deals are favorable to her home country…

    “Nice little racket you got going there, Mitch. Be a shame if anything happened to it! NOT!!

    Liked by 14 people

  7. Mo says:

    Mr. Wilbur looks pretty relaxed as does Mr. Lighthizer.

    Liked by 10 people

  8. Psycho Monkee says:

    Let’s just cut to the chase Sundance, you are a National treasure. Stellar journalism, coupled with a granular global view of predictable economic consequences. CTH is THE go-to for truth, honor, humor and terrific Treeper commentary.

    Liked by 23 people

  9. Spectre says:

    Not sure we’d have such a high level gathering of cabinet level people at this point in negotiations if we weren’t close to a deal.

    Like

    • GB Bari says:

      Doesn’t matter how close they are, there is a LOT at stake for China (and for us) because of the rapidly approaching March 1 deadline. That justifies as much brain power as can be applied on both sides.

      Liked by 1 person

  10. 335blues says:

    I, for one, stand with President Trump.
    Because standing with the President is standing for America.
    Communist china is an existential threat to the world, both economically and militarily.
    Xi sees himself as the coming emperor of the world.
    He, and the communist regime must be stopped.

    Liked by 14 people

  11. ForGodandCountry says:

    Dear Rep. Lighthizer,

    When dealing with the Red (Communist) Dragon, remember….

    Sincerely,

    America

    Liked by 1 person

  12. L4grasshopper says:

    President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed. President Trump has waiting three decades for this moment. This President and his team are entirely prepared for this.
    ====
    SD is correct about this, I believe.

    The challenge of our negotiators is getting China to believe it. I think the way to do this is to remind them over and over and over that Trump does NOT care if confronting them will hurt his election chances. He has 2 years to go….that is a very long time for China to suffer huge tariff increases if their plan is to wait Trump out. An awful lot of damage can be done to their economy — already declining and brittle — in that time.

    The Chinese need to decide if they want to pay the price of their economy tanking in order to drive Trump out. They might just make that choice. After all…they are Communists and have a long view of things. But maybe….just maybe….enough of Xi’s advisors understand that the pain could be lasting and really more damaging to their long term interests than giving up, for example, the advantage of constant intellectual theft.

    It’s going to be fascinating to see what happens.

    Liked by 9 people

  13. Larry says:

    China just banned coal imports from Australia.

    https://www.abc.net.au/news/2019-02-21/china-bans-coal-import-and-send-dollar-tumbling/10835136

    I’m “guessing” this wasn’t a political decision on China’s behalf. “Knowing” the US tariffs are coming and knowing their economy will slow dramatically, they are trying to get “ahead of the curve”.

    Liked by 1 person

    • Robert Smith says:

      Less demand for coal as economy slows into negative growth.

      Liked by 2 people

    • cthulhu says:

      They’ve got X number of already constructed coal plants, and are building more to keep up with electricity demand. Where are they going to get enough coal to keep them running? Or do they think rolling blackouts are going to be popular and productive?

      My guess is that they intend to buy US coal instead, because there are US tariffs into their largest market — where, if Australia passed tariffs, nobody would notice.

      Liked by 3 people

  14. simicharmed says:

    THIS (from the article)>>>>>>>>>>>>>>>>>>””this is the type of hard-line negotiation that could never be attempted by any other administration other than President Donald Trump””!

    Imagine if we didn’t have this dysfunctional and corrupt Congress obstructing at every level… if not for the Obstruction of Tommy’s COC owned Congress Members, this deal, (and others), would have been wrapped up 12 months ago!

    Liked by 7 people

    • Jedi9 says:

      12 months ago? Try 30 years ago! If we didn’t have leadership that gamed the system to sell out the American worker as in NAFTA for their own selfish interests things could be a lot different today!

      Liked by 6 people

      • simicharmed says:

        Should/could have been (30 years ago), but Donald Trump was not President then; hence, the quote in my post. A Donald Trump type Presidency decades ago would have prevented the economic misery this Nation has suffered over the last decades.

        Fortunately WE have the ONLY adult in Government steering the ship…unfortunately, with tons of barnacles (dead weight), trying to capsize the entire ship…

        Liked by 1 person

  15. Soothsayer says:

    If you want to get a deal with China ratchet up the pressure don’t reduce it by extending the deadline. That only rewards China for stalling and trying to run out the clock on Trump’s term.

    Liked by 1 person

  16. Publius2016 says:

    China knows they can play the long game or risk REVOLUTION…sign on the dotted line and ensure a generation of American dominance…45 and his team of patriots know by June 2019!

    Liked by 1 person

  17. Bill B says:

    If you read Peter Narravo’s book, ‘Crouching Tiger’ & Sundance’s articles, you will understand that China’s significant military build up requires that China does NOT open up their domestic markets. Boosting the United States economy through trade with China is the same as decreasing the Chinese economy (thus defunding their military strength.) Annually removing hundred of billions of dollars of Chinese economic activity by opening up US markets, literally reduces aircraft, tank and aircraft carrier production in the future. If the US trade deficit with China is eliminated (including leakage through Mexico & Canada), it reduces Chinese economic output by ~4% which equals an economic recession.

    Liked by 3 people

  18. bessie2003 says:

    It surely doesn’t help with the former President, Obama, in Japan this week and last week the Speaker of the House was in Europe telling the Europeans that she is equal to President Trump and holds the purse strings, while former VP and Sec.State Kerry also there heaven knows what they were telling folks. Talk about sending confused messages, as in, just wait this Administration out and things can get back to ‘normal’. Geez.

    Liked by 2 people

  19. MightyMustardSeed says:

    Sundance, Thank You.

    Thank you for your clarity and insight. Thank you for freely sharing your wisdom and experience.

    For the first time in my life, I can now see ‘granual’ details as well as ‘30,000 feet’ big pictures. And tonight’s article truly is describing a planetary reset, which you have illuminated for us, so that we can experience the significance.

    Thank you. Thank you every day.

    Liked by 3 people

  20. gman says:

    We only get one President in our entire life time with the cojones like Trump if we’re lucky…Don’t shoot until you see the yellow of their eye’s Mr. Prez….

    Liked by 3 people

    • mr.piddles says:

      The fact that the U.S. is even in this position is a scary thing. It’s corruption on a global scale. And, apparently, perhaps there are only a handful of Patriots willing to put their necks on the line, put the interests of the country before their own, and take on the Global Corruption head-on.

      Liked by 3 people

      • cthulhu says:

        It may be corruption on a global scale, but there are exactly 535 people in Washington, D. C., that are key to enabling it.

        Like

        • mr.piddles says:

          Ode To D.C.
          ==========
          Nobody does it better
          Makes me feel sad for the rest
          Nobody does it half as good as you
          Baby, you’re the best.

          Like

  21. MfM says:

    Trump said he knew tough negotiators, and it shows.

    These are people who mostly come from a background in business, where the bottom line effected them personally. They aren’t government guys who are getting a paycheck every month no matter what the outcome.

    The amazing part is that many Americans at that table are not getting paid, they are doing it for free because they personally understand how out of whack our trade deals are and want them corrected for the whole country, not just their own pockets.

    Liked by 7 people

  22. mr.piddles says:

    “The tension is thick enough to cut with a knife…”

    Talk about Tick Tock. Phew. These folks are on the clock, and this one is for all the marbles…

    Liked by 3 people

  23. rashomon says:

    We can do our part by buying solely Made In America goods. How much cheap stuff does one need? Granted it’s more costly and quite hard to find some products, but when state and local governments are mandating #15/hour minimum wage (thank you IL Governmoron, JB Pritzker), it’ IS difficult to complete with the 27 cents/hour paid in Asian countries where the goods now are manufactured.

    Liked by 2 people

  24. MfM says:

    Not sure if they where folding chairs on narrow event type chairs, I’m thinking the later. Folding chairs would be too tacky and disrespectful to the Chinese.

    Often negotiations like this will have the arrangement worked out ahead of time. When you start adding people , if they are too far apart they can’t be seen or heard by others at the table.

    Liked by 1 person

  25. Grassleysgirl/Breitbartista says:

    Whaaaa?
    Where’s the photags of our Badger Bob and Wilburine ,Sundance?
    Only the best trade warriors from our VSGPDJT.

    Liked by 2 people

  26. MaineCoon says:

    Dinner. Chocolate dessert.

    MOAB.

    President Trump does’t bluff.

    Liked by 2 people

  27. SUCCESS SCENARIO for Chinese Trade Deal:

    President Trump is all about restoring USA Manufacturing, including the Steel and Aluminum production that supply it, the Coal and Materials Mining industries that feed it, and the Manufacturing Services industries that support it.

    In short the USA must displace the above Chinese Supply-Chain Industries involved in Exports to America.

    This will require more Tariff Leverage to drive businesses to greatly expand USA Capacity and significant Transition Time to ramp it up.

    Further Tariff Delays would likely cause PROCRASTINATION of both USA Expansions and Chinese Reforms.

    Best-Case Scenario might be …
    Auto-Ratcheting Tariffs with Chinese ENFORCEMENT EARN-BACKS.

    • 10 of the 15% Tariff Hike begins March 2nd on $200 Billion of Chinese Exports because “No Demonstrated Enforcement Mechanism or Comprehensive Signed Deal”

    • 5 of the 15% is delayed for 30 days because China COMMITS to END Currency Manipulation within that period … and this is the easiest Reform to Enforce.

    • Trump’s “25% Remainder Tariff” on the remaining “$257 Billion” of Chinese Exports is scheduled to automatically take effect on April 1st.

    • Once China has completed a Bilateral Trade Deal, China can EARN BACK reductions in the Remainder-Tariff of 5% following any quarter in which all Enforcement Mechanisms have performed at required levels of effectiveness.

    Liked by 5 people

  28. mr.piddles says:

    Somewhere… in an Alternative Universe… the Real News Of The Day:

    Headline: “US-China trade talks draw criticism for lack of women in pictures”

    https://thehill.com/blogs/blog-briefing-room/news/431073-us-and-chinese-trade-talks-catches-internets-eye-over-lack-of

    That is, quite literally, reflective of the bizarre priorities of The Left. That is LITERALLY how they think, how they process The World around them on a day-to-day basis.

    Please. Read some of the tweets. They’re priceless. And these are not largely random people.

    “Kayla Tausche, a Washington correspondent for CNBC, was one of the first to point out the lack of women in the room on Thursday morning.”

    Liked by 1 person

  29. Carson Napier says:

    There is nothing we import from China that we couldn’t either make ourselves or import from India, Vietnam, Mexico, etc. Let’s just put a 100% tariff on them across the board and make it permanent.

    Liked by 1 person

    • Perot Conservative says:

      And how do we stop the pervasive theft of IP?

      I worked for a Chinese-American company, my President reportedly stole our original source code from our client. He said 95% of software was stolen in China.

      A friend, a female engineer, switched companies in a small niche, relocating back to Germany. She said a Chinese company approached her new company, with stolen designs from her former employer! But she knew their design was faulty bc they forgot 2 key components.

      A friend is a math professor at a top university here. His colleagues say a high proportion of students who go to Judicial Affairs fro cheating are Chinese exchange students.

      We’ve had multiple Chinese indicted for espionage the past 12 months.

      When will it end???

      Liked by 4 people

      • WSB says:

        I worked on the Great Wall Hotel back in 1982. First joint venture between the US and China.

        They stole everything. Plans to make additional hotels, concrete (which the Chinese invented but destroyed the recipe when they went Mao – my firm built concrete factories to build the job), labor contracts with Sheraton to deny them management of the property, the foundation columns were poured incorrectly, the curtain wall was installed backwards, you name it! A 1000 room hotel. Finally it was built.

        Eventually, Sheraton was asked back to clean up the place because the Chinese ruined the entire property.

        The Chinese have b een doing this for decades.

        Liked by 4 people

    • Perot Conservative says:

      Where will we get crappy toys that kill our animals.

      Like

      • Everett Miller says:

        What? So few comments on this thread about Sundance’s most radical statement in his commentary? You might want to get out of stock market till after March 1?
        Very good advice, considering that the business press will talk down the results unless there are meaningless show deals

        Liked by 3 people

  30. gildie says:

    Ya just ruined my night, Sundance.
    This is the ONE site ya can go to to get the truth. Sometimes
    ugly & unvarnished. Even depressing. But always the truth.
    So that means I gotta call my finance guy & tell him to SELL SELL SELL.
    And when he asks me why, since I know NOTHING about the
    investment world, I gotta say, Ahh, well, Sundance recommends it.
    When he comes back with “Let’s not be hasty”(or impulsive or whatever
    indecipherable gibberish he’s gonna pull from his lexicon), I’ll have
    nothin. Like stepping into a ring with ANY professional boxer thinking
    you could last 1 round.
    “Well, don’t ya trust your own guy?” Yeah..kinda. Trust & money.
    That’s a tough mix.
    But I trust this site, so tomorrow I’ll call.

    Liked by 1 person

  31. jeans2nd says:

    Wall Street Journal, tonight – “U.S. Bets on China’s Special Envoy in Trade Talks”
    https://www.wsj.com/articles/u-s-bets-on-chinas-special-envoy-in-trade-talks-11550795104

    FTA – “…the Chinese side so far has focused its offer on greater purchases of U.S. agricultural and energy products such as soybeans, crude oil and liquefied natural gas…”
    This is against WTO rules. What China gives to one WTO member, China must give to the other 162 WTO members.

    “…the pledges he (Xi’s “special envoy” Liu He) has made to his counterparts, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, haven’t been matched by changes in the written text being negotiated between the two sides, said an individual following the talks.”

    Sounds like China sanctions are going from 10% to 25%, unless radical changes are made by China quickly.
    Bummer, for China.

    The WSJ article also says Liu will meet with Pres Trump before leaving.

    Liked by 3 people

  32. Mr.G says:

    So, we’re asking China to please stop theft and cheating-in turn we won’t raise tariffs. Phew-that should be a slam-dunk-sign here type thing.

    Liked by 1 person

  33. Voltaire says:

    So, what you’re saying Sundance is:

    Beware the Ides of March.

    Liked by 1 person

  34. Perot Conservative says:

    How far in advance did PT choose his trade team? Did he discuss it with them?

    I know Wilbur Ross is a billionaire. Are the others equally robust financially?

    Chamber of Commerce already has taken out a million dollar ad campaign against some Trump policies.

    Liked by 1 person

  35. GSparrow says:

    In some ways it looked like official Peace Talks were about to begin during a temporary halt in an actual bloody war and not just a trade war. It was a tense, uncomfortable few minutes for some.

    All that was missing were the military uniforms to even add more tension.

    Liked by 1 person

  36. DJSnyder says:

    TARIFFS NOW! The Red Dragon must be slain, in order for it to become an actual Panda!

    Like

  37. LBB says:

    I had a good feeling about this round of negotiations, so I am sticking with it. I feel there are more influences than we can see. I know we are not going to settle for just a huge AG order, or equivalent. This deal even more important than USMCA. It has a couple very sticky items to work out, but the main goal is not to lose our advantage. The wealth of our nation.

    Like

  38. railer says:

    It’s all about Trump’s meeting with Kim Jong Un. If the Norks make nice, Trump will have a decision to make on China. If they don’t, Trump’s got no incentive to bend to the Chinese. He’s working both of these in parallel, related but discrete situations. He’s got all options available. It’s a classic Trumpian negotiation.

    The Chinese economy is still sputtering. They are the ones under pressure here. I’d actually rather not make their economic situation worse if we can manage it, but they have to help us help them do that.

    No matter what happens, capital investment is going to continue to flow out of China and into the US and elsewhere. The classic Chinese tactic of stasis costs them every day. I see the hand of Trump in that conference room faceoff. He knows.

    Liked by 1 person

    • railer says:

      I just really love watching this guy work. Not even he knows how it’s going to work out. He just works hard to establish the groundwork and incentives, and allows his negotiating partner to see a better way. But they’re the ones who must make an affirmative action finally. It’s scary for them, no doubt. For the Chinese and Norks, it isn’t easy to move off long held positions. I think Trump knows this, and works on establishing trust and confidence from the start, and he always demonstrates utmost respect. Fairness and equity seems a difficult concept for them to absorb, but he seems to have had success at it previously, and hopefully here.

      Liked by 1 person

  39. Rob says:

    I expect China to try to delay. Then, during the delay, they will further try to remove Trump from office using corrupt US officials. Trump needs to stand firm on the date and offer no extension.

    Like

  40. Berkson says:

    Unfortunately they have created such an advantage in some high-tech industries that we offer the junk in the US. I am an inventor/engineer who continuously relies on printed circuit boards for prototype development. During the Chinese New Year we needed a board quickly, that cost $75 plus shipping but took three weeks so We priced three U.S. sources. One shop in Bend Or, quoted $300 with one week delivery (that we used), two other shops quoted $1,200+. Do the math.

    Like

  41. louche9 says:

    Reading this post, I’m struck anew by how much most of the world’s economic prosperity plan centers on some form of sticking a straw into America, and sucking it dry. It’s amazing we’ve made it as long as we have done. We were very close to a tipping point when DJT became president, and I honestly don’t know where we’d be after eight years of Hillary. The sheer wholesale of America and the tossing aside of any concern for its citizens by Congress over the last several decades is staggering.

    Liked by 1 person

  42. Steven Interest says:

    I’m fairly convinced that America is best served by high tariffs with China. I have heard no faith in China upholding any deal that they strike with anyone.

    The only response to that is the same response to any cheater…get your money up front.

    Liked by 2 people

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