05-11-2019, 12:43 PM
** 02-May-2019 World View: US-China trade talks may have hit a snag
There are media reports that the US-China trade talks have hit a snag.
This is no surprise to me, since I'm highly skeptical that China would
ever agree to the harsh verification rules that the Trump
administration will supposedly impose.
A US-China trade deal that removes the punitive tariffs that the Trump
administration imposed is considered by economists to be essential to
avoid a world recesseion
China would like a system like the World Trade Organization (WTO),
where they can ignore their commitments, and then ignore the WTO
administrative ruling that finds they violated their commitments.
The Trump administration wants a unilateral "snapback system," which
would allow the US to reimpose tariffs without having to go through an
administrative trial. China opposes a snapback system, for obvious
reasons, since they could be quickly punished for cheating.
With China's economy weakening because of such things a closing zombie
businesses, the CCP are very afraid that they're facing an internal
rebellion, so they desperately need a US-China trade deal. However,
it's not clear whether the report of a snag in the trade talks is
real, or if it's a negotiating ploy to put pressure on the US
negotiators.
As I've said before, the Chinese consider Americans and everyone else
in the West to be lowly barbarians. The Chinese have proven that they
will find a way to cheat on every agreement. Whether an agreement
will be reached, and whether the US negotiators will make the
agreement "cheat-proof" is something that I'm highly skeptical about,
but waiting to see.
--- Sources:
-- Latest China-US trade talks end, revealing fewer details but
continuing efforts
http://www.globaltimes.cn/content/1148292.shtml
(Global Times, China, 2-May-2019)
-- US, China trade talks may have hit an impasse: Chinese official
media
https://www.outlookindia.com/newsscroll/...ia/1527305
(Outlook India, 2-May-2019)
There are media reports that the US-China trade talks have hit a snag.
This is no surprise to me, since I'm highly skeptical that China would
ever agree to the harsh verification rules that the Trump
administration will supposedly impose.
A US-China trade deal that removes the punitive tariffs that the Trump
administration imposed is considered by economists to be essential to
avoid a world recesseion
China would like a system like the World Trade Organization (WTO),
where they can ignore their commitments, and then ignore the WTO
administrative ruling that finds they violated their commitments.
The Trump administration wants a unilateral "snapback system," which
would allow the US to reimpose tariffs without having to go through an
administrative trial. China opposes a snapback system, for obvious
reasons, since they could be quickly punished for cheating.
With China's economy weakening because of such things a closing zombie
businesses, the CCP are very afraid that they're facing an internal
rebellion, so they desperately need a US-China trade deal. However,
it's not clear whether the report of a snag in the trade talks is
real, or if it's a negotiating ploy to put pressure on the US
negotiators.
As I've said before, the Chinese consider Americans and everyone else
in the West to be lowly barbarians. The Chinese have proven that they
will find a way to cheat on every agreement. Whether an agreement
will be reached, and whether the US negotiators will make the
agreement "cheat-proof" is something that I'm highly skeptical about,
but waiting to see.
--- Sources:
-- Latest China-US trade talks end, revealing fewer details but
continuing efforts
http://www.globaltimes.cn/content/1148292.shtml
(Global Times, China, 2-May-2019)
-- US, China trade talks may have hit an impasse: Chinese official
media
https://www.outlookindia.com/newsscroll/...ia/1527305
(Outlook India, 2-May-2019)