China Wants More Talks Before Signing Trump's 'Phase One' Deal
Source: Bloomberg
China wants further talks as soon as the end of October to hammer out the details of the phase one trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter.
Beijing may send a delegation led by Vice Premier Liu He, Chinas top negotiator, to finalize a written deal that could be signed by the presidents at the Asia-Pacific Economic Cooperation summit next month in Chile, one of the people said. Another person said China wants Trump to also scrap a planned tariff hike in December in addition to the hike scheduled for this week, something the administration hasnt yet endorsed. The people asked not to be named discussing the private negotiations.
The details of the verbal agreement reached in Washington last week between the two nations remain unclear. While Trump hailed an increase in agricultural purchases as the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country, Chinas state-run media only said the two sides agreed to make joint efforts toward eventually reaching an agreement.
S&P 500 futures extended losses, the Stoxx 600 fell and the yen rose as investor pessimism on the deal grew.
Read more: https://www.bloomberg.com/news/articles/2019-10-14/china-wants-more-talks-before-signing-trump-s-phase-one-deal?srnd=premium
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NCjack
(10,279 posts)to make joint efforts toward eventually reaching an agreement.
Looks like the Chinese are playing our Great Negotiator (NOT) like a fiddle.
Mike 03
(16,616 posts)China has all the time in the world. Trump will settle for something that is worse than what we had two years ago and call it a triumph, but the markets are likely to disagree.
lonely bird
(1,689 posts)Canada basically got exactly what they had before. Donnie is all about optics, spin and spewing BS. Anyone who does even a modest amount of research can see he is full of crap but then he is counting on the stupidity of the American Electorate.
Maeve
(42,288 posts)Hope someone made money in the stock market....
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Maxheader
(4,374 posts)Maybe that's what china wants....to keep playing cheetox the fool...
Wait for it...excuses from the white house about killing the deal
because......
fleur-de-lisa
(14,628 posts)TomCADem
(17,390 posts)...then purport to solve it so Sean Hannity and company can sing the praises of their great leader. Perhaps he will threaten to bomb North Korea again, then announce that he has changed his mind and demand a Nobel Prize for avoiding a war that he threatened.
jcgoldie
(11,650 posts)wash rinse repeat
Nitram
(22,892 posts)everything they want. Just like he has done with North Korea, Turkey, and Russia.
myohmy2
(3,177 posts)...it's actually Phase Zero...
...