China Finds It’s Voice

There are 85 days left in the trade truce, which may be extended if negotiations are thought to be going well. There are 699 days until election day 2020.
There are 85 days left in the trade truce, which may be extended if negotiations are thought to be going well. There are 699 days until election day 2020.

Welcome to day 5 of the China trade truce.

After two days of Trump administration officials making cautiously hopeful statements about China’s trade commitments only to be greeted by silence from China, Chinese officials found their voices Wednesday.

The first and perhaps most important move on Wednesday was that China’s Commerce Ministry acknowledged that the two nations had agreed to a 90-day truce. Earlier statements by Chinese officials had been vague on this point, giving rise to concerns that there had not really been a meeting of the minds at Saturday night’s dinner in Buenos Aires. on Wednesday, a spokesman for the Commerce Ministry said the trade negotiations have a “clear timeline and road map” and that China will quickly begin implementing changes in areas where there is an “agreed upon consensus.”

Note, however, that the timeline is not really all that clear–apart from the December 1st start and the March 1st end. What happens in between is still up for grabs. On Monday, White House economics adviser Larry Kudlow told Breitbart News’ Michelle Moons that there was not yet a timetable for meetings between top officials from the two countries. “We probably need a timetable for timetables,” he said.

China also began to move on policy. At the heart of the U.S. government’s case for tariffs on Chinese exports is intellectual property theft and forced technology transfers. China’s supreme court and a few government agencies have now announced stringent enforcement and tough penalties for infringing on intellectual property.

[…]

See Also:

(1) Stocks plummet as Trump’s impromptu China trade deal unravels

(2) ‘Stunning’: 80% using Obamacare’s Medicaid expansion are ineligible, Louisiana report finds

(3) ‘A New Liberal Order’: Mike Pompeo Pushes for Global Alliance Against China, Russia, Iran

(4) United States and China Snub United Nations Climate Talks

(5) Avenatti announces that he will not run for president in 2020

(6) Report: NRCC Emails Hacked During Midterm Election

(Visited 23 times, 23 visits today)
avatar
  Subscribe  
Notify of