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Trump: Hopes for allowing China into WTO have failed

Trump on China at the UN

Trump on China at the UN
  • China hasn’t adopted promised reforms
  • China uses heavy state subsidies, steals IP
  • Cites company stealing Micron’s products in China
  • WTO needs drastic change
  • World’s second-largest economy shouldn’t be allowed to call itself a developing country
  • The days of globalism are over
  • Says he’s placed tariffs on over $500B of Chinese goods
  • Hopefully we can find a deal that’s good for both countries, but I will not accept a bad deal
  • Says carefully watching situation in Hong Kong
  • Expects China to honor treaty on Hong Kong

If you’re China and listening to that, do you really think Trump wants to make a long-term deal?

Unlikely US would agree to lift restrictions on Huawei – US official

US official cited by Reuters

  • Trump’s decision on whether to impose more tariffs on Chinese goods depends on meeting with Xi, nothing agreed ahead of time
  • Unlikely US would agree to lift restrictions on Huawei
From China’s perspective, it would make sense that Xi wouldn’t agree to meet without assurances that more sanctions wouldn’t be applied. If Trump walks out of the meeting and hits the US with a fresh round, it would reflect poorly on the leader. In general, these things are always agreed on ahead of time, with room for tweaks.
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