Chinese language Vice Premier Liu He and US Commerce Consultant Katherine Tai met just about on Saturday morning to debate commerce points between the 2 nations.
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Completely baised towards china both ethnic han china.
Why even talk to China?
US send a baby to discuss trades with a grandfather.
Nothing will come out of it. If the US is sincere, neednt speak twice.
Trade tariffs are killing US recovery as its economy is a consumption driven model.
Article 6.2.4 of the phase 1 agreement provides that the US should ensure that it facilitates purchases of US goods and services by China. The US ban on chip sale to China and otjer coercive measures are a huge violation of Article 6.2.4. China should tear up the agreement.
Also, the US$200 billion worth of goods and services that China must buy from the US is not the total. It is US$200 billion over and above the 2017 amount of goods and services. So the total is way above US$200 billion. This is nonsense.
The last part of the phase 1 agreement is the worst. It sets out a super long list of goods and services that China must buy from the US. China is a country; it is not a company preparing for a project. Why should any country buy such a long list of goods and services that incudes washing machines, forklifts and trucks? Imagine a salesman forcing you to buy 10 diamond rings, 20 diamond ear rings, and 5 bracelets. Life can't be so easy for sellers!
The super long list of goods and services that China is forced to buy under the phase 1 agreement is neither capitalism nor free trade. It is similar to war reparations that a victor imposes on the defeated. What makes this worse is that China has won the trade war. Despite all those tariffs, the trade deficit has increased! So, here we have the defeated country imposing trade war reparations on the victor! This can only happen when you deal with a country as arrogant as the US.
The 100 years of humiliation is enough. Why should China tolerate this continuation of humiliation by being forced to pay trade war reparations to the loser? This is rubbish. No more trade agreent!