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US President Trump taunting China further on Twitter … “ripping off America!”

  
  Analysis

The latest tweet from the US President, back on theme of China awaiting the outcome of the November 2020 election.

  • China is DREAMING that Sleepy Joe Biden, or any of the others, gets elected in 2020. They LOVE ripping off America!
I’m not sure if Trump is referring to China ripping off America or Biden et al.
Regardless, Trump is onto something here. The other side of US politics has been not upset on trade negotiations with China. While Trump’s approach appears to be not moving towards a negotiated agreement, like it or not both sides support a firmer hand with China and are not unhappy Trump is taking the lead on this.
The latest tweet from the US President, back on theme of China awaiting the outcome of the November 2020 election.  

With US and China at impasse over trade, Kudlow says new tariffs will remain

  
  Analysis

The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

The trade war between the world’s top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing ‘broke the deal’ by reneging on earlier commitments made during months of negotiations.

White House economic adviser Larry Kudlow told Fox News on Sunday that the United States needs to see China agree to “very strong” enforcement provisions for an eventual deal and said the sticking point was Beijing’s reluctance to put agreed changes into law.

He vowed the tariffs would remain in place while negotiations continue.

Beijing remained defiant, however. “At no time will China forfeit the country’s respect, and no one should expect China to swallow bitter fruit that harms its core interests,” said a commentary, due for Monday publication, in the ruling Communist Party’s People’s Daily.

It said Beijing’s doors were open to talks but it would not yield on important issues of principle.

Kudlow said there was a “strong possibility” that Trump will meet with Chinese President Xi Jinping at a G20 summit in Japan in late June. Until last week, there were expectations Trump and Xi would sign a trade deal at the summit. (more…)

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