Secretary Ross Discusses China Issues Ahead of G20 Summit…

In the dynamic of President Trump confronting Chairman Xi over Chinese trade and manufacturing practices there are critical members of the U.S. team, each with a role to play.  Commerce Secretary Wilbur Ross, U.S. Trade Rep. Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are the most important members.

Secretary Ross explains the position of the U.S. team as they head to the G20. WATCH:

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As we discussed yesterday, Chinese anxiety is off-the-charts.  When China gets into this high-anxiety disposition, they immediately -predictably- drop the Panda mask, and lash-out with Red Dragon antagonisms.  This is happening right now.

“There are some inappropriate activities underway by the Chinese. They must cease. If they do, if we make some redressing of the trade imbalance, then that’s a reasonable deal for both parties.”  ~ Secretary Wilbur Ross

In previous administrations the economic/trade teams were filled with think-tank wonks and esoteric public officials.   Their response to the Red Dragon was always from a position of inherent fear combined with political evaluations.  This is the historic frame-of-reference for Beijing, a view of inherent weakness.  This history also contributes to why China is perplexed by the Trump administration.

In the Trump administration the economic/trade teams are directed by dragon-slayers from the private sector.  Business giants, billionaires, who are familiar with the granular details of negotiation and comfortable with adversarial battles where billions of dollars can make or break a deal.  There is no position of structural fear or political ramification at the apex level of business dealing.  The fights are on the merits of the position(s).

As President Trump has moved from negotiation to confrontation, Beijing’s leadership is starting to realize their opponent isn’t their typical weak U.S. government negotiators; nor is it the U.S. Chamber of Commerce who will cut the ‘deal’ for their Wall Street clients and DC lobbyists regardless of Main Street’s best interests.

As a direct consequence, the team around Chairman Xi have a much more difficult time trying to outwit the U.S. delegation.   President Trump has brought “killers” from the U.S. corporate and business community, into the battle – to fight on behalf of America.

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This entry was posted in Auto Sector, Big Government, Big Stupid Government, China, Communist, Donald Trump, Economy, G20, Japan, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

45 Responses to Secretary Ross Discusses China Issues Ahead of G20 Summit…

  1. Kent says:

    Past administrations must have been out of their minds to finance and arm the Chinese at the expense of the American middle class to the extent which has been done….or was there perhaps a more deceitful motive?

    Liked by 13 people

    • kp says:

      Kent,

      They “past administrations” along with the current batch of Demoncrats in Congress have been looking out for themselves. There’s no genuine interest in making America great on their watch. China, a heathen nation, perfectly aligns with their ‘dream world’ of total government rule over the peons.

      Many talk a ‘good religion’ like House Spkr. Nancy Pe-loser, but it’s not in them to look for anything but power, control, and $$$!

      Matthew 15:8 “This people draweth nigh unto me with their mouth, and honoureth me with their lips; but their heart is far from me.”

      Liked by 8 people

      • GGHD says:

        kp, TheConservativeTree house article: = “When China gets into this high-anxiety disposition, they immediately -predictably- drop the Panda mask, and lash-out with Red Dragon antagonisms.” As often pointed out here, China has either a Panda or Red Dragon attitude, when discussing the economic issues (or any issue).

        The USA developed with a Judeo-Christian morality. = Society should operate so that everyone has the opportunity to benefit and work for success. There is NO unbridled Capitalism in the USA; businesses are throttled by government laws and regulations. … At the moment Socialism and Communism are dead on arrival in the USA. Workers, Employers and Customers should all benefit from business dealings in America.

        The businesses practices in Communist China would be against the law in America, and people would go prison. … Here in the USA the laws encourage honest and fair practices. Society tries to function for the mutual benefit of everyone. The USA is successful because of its underpinnings of Judeo-Christian morality.

        It’s the inner workings of the Holy Spirit, that transforms Americans to ‘Love their neighbors as themselves.’ ~ Americans through the Grace of God do NOT live as either Pandas or Red Dragons. … China is considered an opportunity for Christian Evangelization by many Americans, and NOT solely as a place for business opportunity.
        ……. Business opportunities in China can dazzle clear thinking, though. … If one billion, Chinese people buy just one piece of Bubble Gum for I penny each, = that turns into 10 million dollars worth of business just selling Bubble Gum. … Business people have been dazzled with the possibilities of a China market since Caveman Days.

        Liked by 5 people

        • kp says:

          GGHD,

          Too true, and the 1 cent example shows where their true heart is at…
          “Show me the Money!”

          Liked by 1 person

        • trump20162024 says:

          Unfortunately, socialism is NOT dead on arrival in the USA. I just watched a disgusting group of race-baiting, pro-socialist, pro-abortion candidates and their corrupt media enablers badmouth our country, its free market capitalist economic engine, and the best president it has elected since Ronald Reagan (and perhaps in my lifetime). The outcome of the 2020 election is far from certain, so we should not rest on our laurels.

          Liked by 6 people

          • gohawks2015 says:

            Agreed totally. we have a shite ton of ignorant, entitled, enfeebled, infantile lefties and lefty curious cuck squishy reps that it could be a fight.

            The whole situation is disgusting and a warning to all sane thinking Americans.

            DO NOT TAKE THIS LIGHTLY.

            Liked by 2 people

    • John says:

      Past administrations were pimps, trafficking the captive American middle class.

      Liked by 5 people

      • Kent says:

        John and kp….I used ‘past administrations’ in the interest of brevity….believe me when I express utter revulsion at where Wash DC, our ‘media’ and our Dems and Rinos etc have taken us over the decades….about 2/3 of current Congress could be removed from office for participating in seditious conspiracy against our duly elected President Trump would be fine by my….in fact a very fine place to begin the restoration of our Republic….and taking some of the spark out of the Chinese fuse an honorable mention…….

        Liked by 5 people

        • kp says:

          Kent,

          Your brevity is understood and appreciated. We could all speak for hours, days, months, maybe years about the clear moral superiority of our country and it’s republican form of government.

          However the people most in need of ‘hearing’ wouldn’t listen even a minute. Never thought I’d quote Willie B Clinton but, “I feeeel your paaain”.

          Like

    • Newt Love says:

      Past Administrations were economic illiterates, and were only interested in domestic politics (get reelected). The fools gave away the store to the robbing Chinese.

      PDJT brought business leaders, who were used to powerful negotiations, to smack the Chinese down! Now PDJT has the US in a win/win situation, while China must choose between LOSE/LOSE-BIGGER.

      God bless PDJT!

      Liked by 3 people

  2. leon0112 says:

    Energy independence helps the US in these negotiations. If Iran blocks Hormuz, then the Chinese suffer, not the Americans. Trump has signaled that he is leveraging that dynamic. The Chinese have probably told the Iranians to lay off the oil tankers.

    Liked by 11 people

    • Kent says:

      We need more refining capacity for processing light crude as we have been developing heavy crude refining capacity for decades now…that’s why we are now exporting light crude and importing the heavy stuff…..we are not ‘energy independent’ if we can’t process what we produce.

      My personal thoughts are that we should export no crude oil whatsover…only refined products…keep those jobs right here in the USA.

      Liked by 7 people

    • Kent says:

      “China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity in 2023, according to GlobalData.
      The company’s report: ‘China Crude Oil Refinery Outlook to 2023’ finds that the total refining capacity of China in 2018 was 15,994 thousand barrels per day (mbd)—46% of Asia’s total refining capacity in 2018. The country’s total refining capacity is forecast to increase at an average annual growth rate (AAGR) of 4.5% to 20,035 mbd in 2023. China’s planned and announced crude oil refining capacity is expected to increase from 460 mbd in 2018 to 3,721 mbd in 2023.”

      “GlobalData also forecasts that China’s total crude distillation unit capacity will increase from 15,954 mbd in 2018 to 19,994 mbd in 2023. There will be no condensate splitter capacity additions in China during the outlook period, which will remain the same at 36 mbd.
      The country’s total coking capacity, catalytic cracker capacity and the hydrocracking capacity is expected to increase during the outlook period. The total coking capacity is expected to increase from 1,991 mbd in 2018 to 2,371 mbd in 2023. China’s total catalytic cracker unit capacity is expected to increase from 4,359 mbd in 2018 to 5,532 mbd in 2023. Over the five year period, the hydrocracking unit capacity of the country is set to increase to 2,922 mbd from 1,846 mbd.
      China has a total of 179 active crude oil refineries and around 12 planned and announced refineries are expected to commence operations by 2023. The top three active refineries in China, in terms of the crude distillation unit capacity, are Maoming, Zhenhai and Huizhou with 472 mbd, 462 mbd and 440 mbd, respectively. Dayushan Island refinery will be the largest planned refinery with planned crude oil refining capacity of 800 mbd in 2023, followed by Dalian III and Jieyang with 400 mbd each.”

      credit greencarcongress

      We can’t refine all of the light crude we produce therefore we MUST export it or run out of storage capacity….we are not yet as energy independent as many believe….and China is expanding their crude refining capacity very rapidly….they wish to dominate economically in all areas……and energy is a BIG one…..

      If the Strait of Hormuz is ‘closed’ by Iran you just might see YOUR contribution at the pump increase, perhaps substantially….US refiners will sell into the world market which would drive up domestic prices…..

      (China enough?)

      Liked by 1 person

      • CirclinTheDrain says:

        We can’t refine it because the US hasn’t built a refinery in decades – the EPA has made it cost prohibitive. If we want to refine more, we have to get the EPA out of the way

        Liked by 8 people

        • Kent says:

          …and the expansions which ARE allowed are saddled with onerous emissions and regulatory requirements….it’s already an extremely capital intensive business and the bureaucracies add more and more layers….

          (petrochemical/oil refinery operations for 30+years)

          We need these good paying jobs requiring technical expertise and experience to stay right here in the USA….these industries provide economic activity all the way down to the pizza delivery guys….I could go on and on….

          Liked by 5 people

  3. twingirls (@twingirls49) says:

    You nailed it! Again…

    Like

  4. I actually like to listen to him because he speaks slowly to make his points (clearly and with knowledge btw) and the interviewers have trouble interrupting him because he is slowly answering their first question so you get his full answer

    Liked by 9 people

  5. Sentient says:

    Tariffs on China aren’t hurting me one iota. How about you guys? US farmers are getting hurt by China’s reciprocal tariffs, but we ought to be able to make them whole AND THEN SOME with the income coming to the Treasury from our tariffs. Hopefully the President has the authority to direct more funds to US farmers without congressional action. Hang tough, Mr. President!

    Liked by 7 people

    • SwampRatTerrier says:

      Not me.

      Food prices keep dropping

      Even Dollar Tree has replaced a lot of their food, and other stuff, from China with items sourced either in the U.S. or from other “non-China” countries.

      Liked by 2 people

    • Steve Herman says:

      At least once a month I find a comment or thread that pertains to the soy market and I post the below hoping the White House will see and consider. So . . . :
      Creation of SOYPEC
      Soybean Producing Exporting Cartel
      US and Brazil produce 70% of the world’s soybeans. Both have Nationalist leaders.
      This is leverage
      Include Argentina and India and that’s 84% of the world’s soy production.
      This is leverage of EPIC proportion.
      So Chairman Xi’s leverage of no US soy disappears. If China wants to purchase soybeans, SOYPEC is ready to sell to the highest bidder.

      Liked by 6 people

    • TreeClimber says:

      China tariffs? What China tariffs? 😉

      Like

  6. William Schneider says:

    Sundance I love your analysis of the upcoming trade battle in Japan. Your choice of metaphors is so apt and helpful. Thanks for helping us folks stay abreast of the battle lines in this international trade war.

    Liked by 7 people

  7. Marygrace Powers says:

    “If the Chinese do not agree, President Trump
    is going the alternate route of TARIFFS………
    THIS IS NOT A BLUFF.” Secretary Wilbur Ross

    Liked by 10 people

  8. SharonKinDC says:

    I LOVE Wilburine!

    Liked by 7 people

  9. sarasotosfan says:

    Prior results were brought to us by the permanent political class.

    Liked by 4 people

  10. ristvan says:

    Xi has no good moves and PDJT has no bad moves concerning China.

    China’s rare earths gambit is solved short term by stockpiles and long term by putting the Mountain Pass mine/refinery back into operation.
    China’s African Swine Fever pandemic, army cutworm infestation, and fusarium rust outbreak leave it no good food options longer term.
    Nor can China outlast PDJT. Even awaiting the 2020 election result before dealing means a year and a half of permanent supply chain reordering to China’s permanent disadvantage.

    But, I doubt the pain has gotten great enough for Xi to yet confront the Politbureau that likely forced the renege on what Liu He had negotiated for Xi. Think it will have to cook a while longer. Maybe, as PDJT told Maria this morning, turn up the heat a bit with, say, a 10% tariff on the other $300 billion if Xi is unwilling to resume in good faith. That signal this AM was surely meant to influence Saturday’s outcome.

    Liked by 6 people

    • Michael Dark says:

      $600 billion…

      Like

    • usayes says:

      And don’t forget U.S. business’ attitude toward China — Tranche 3 was the point of no return. Why would any U.S. company risk doing business in or with China after seeing the instability brought on by simple tariffs. Nothing Xi can do – I repeat… NOTHING. The dragon has no clothes – and none are in sight.

      Like

  11. mtk says:

    Their response to the Red Dragon was always from a position of inherent fear combined with political evaluations.

    That is a polite way on saying they rolled over on their back and stuck their arms and legs up in the air like dead bugs.

    Liked by 2 people

  12. LCPUSA says:

    I sincerely hope that there is no deal. Let them twist on the hook like a worm until everyone on earth knows who is boss.

    Liked by 4 people

    • Let USMCA rot on the vine too. The dems will get all the blame as Canada/Mexico ratified the original deal but SFNan had to dirty it up. I believe NAFA dissolution papers have been filed and then it’s over.
      Mexico may concede more on immigration and the house may turn red.

      Liked by 2 people

  13. scrap1ron says:

    Never trust a stinkin’ communist or their globalist proxies, foreign or domestic to honor any agreements they make. Getting even isn’t good enough, not by a long shot. Time to get ahead of the game for the past 30 years of abuse America’s workers have been subjected to. We shouldn’t trade with these bastards at all. They can’t even feed themselves so let them starve.

    Liked by 3 people

  14. lansdalechip says:

    Dear Chairman Xi,
    To paraphrase an old truism, your fannie is grass and we’re bringing BIG lawnmowers.
    It’s a new MAGA day.
    Enjoy!

    Liked by 1 person

  15. Petrel says:

    Optics are very important in these international summits and President must meet and greet the powerful, but I worry about the food served.

    Like

  16. Pyrthroes says:

    In the U.S. and overseas, this G20 ’19 is the first substantive political-economic vs. military confrontation China, with its NorKo proxy, Hainan Strait/Taiwan fixation, Hong Kong irritant and Japan-phobia, has encountered since Mao’s death-dealing ascendancy in 1949.

    In historical context, though Hsi & Co. abjure these terms, the current imperial interregnum began with Sun Yat-sen in 1912, ending with Mao’s takeover precisely on 36-year schedule. From that period, a requisite three 24-year generations, two 36-year socio-cultural epochs bring us to end-2021, coincident with Trump’s maximum second-term momentum.

    Suppose –and why not?– that in this global post-Postwar era beginning 72 years from Hiroshima, Moscow and Peking’s ossified communo-fascist regimes prove prima facie untenable on snuffle-grunting Marxisants’ own terms. Absent an accident-of-fate inflection-point –natural disaster; famine, plague; internecine war– after some 3 – 4 epochs ( 72 – 108 years) ruling elites “get bored and walk away” (Clemenceau, 1914).

    In China’s case-at-hand, we suspect that Hsi’s manifest economic disarray may of a sudden –unexpectedly!– infect ChiComs’ political-military oeuvre, particularly as info-tech comeuppance accelerates Peking’s systemically obsolete resources due to the very nature of Hsi’s rampantly anti-competitive, obsolete, perverse-incentive New Mandarinate. If so, mainland provinces could fragment to competing satrapies with historic potential for free-market resurgence not only benefiting classic Men of Han but vindicating Trump’s jiu-jitsu “economic leverage” as well.

    Like

  17. CoffeeBreak says:

    Thanks, Sundance. Appreciate the post.

    Liked by 1 person

  18. TwoLaine says:

    I think past negotiators just looked the other way on trade negotiations because they all got paid on the side by China, or whoever they gave the bank away to. That’s how these taxpayer paid pols get rich. By destroying their own countries and their people. Their finances are the ones that should be scrutinized thoroughly.

    Like

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