The China trade war is on pause again—and nobody knows the timeline
Share to linkedin
A currency deal, in other words, is a gentleman’s agreement at best. It is unenforceable as it is now. And it depends on maximum trust from both sides, which is nonexistent. China has its own wishlist. It wants the U.S. to open the market to its tech infrastructure industries like telecommunications systems. Think Huawei. Forget it, Beijing. That won’t happen.
Here it is in a nutshell: either tariffs go up or the trade war was for nothing. China wins. The other option is a total barrage of anti-dumping cases filed against them in the WTO. Washington sees Chinese companies as extensions of the Communist Party, even Huawei, which is privately held. To them, China can’t be trusted. Huawei is probably spying on you like they do in China.Huawei building smart city grids in the U.S. would bring in a lot of foreign direct investment and lead to high-paying jobs, assuming jobs are filled by Americans. But good luck getting Washington to back down from its centerpiece claim that China tech has grown thanks to IP theft.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senior China diplomat says China-U.S. trade talks have made substantive progressThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Read more »
Japan sees global growth risks persisting on trade war, China slowdownDownside risks in the global economy are likely to persist over the medium to lo...
Read more »
Cheniere says LNG exports to China could double its size, but trade war needs to endCheniere CEO Jack Fusco said the company could ultimately double its size from Chinese demand alone, but for now he hopes the trade rhetoric between the U.S. and China comes to an end.
Read more »
U.S., China 'on the cusp' of possible end to trade war: PompeoU.S. Secretary of State Mike Pompeo said on Monday he thought the United States ...
Read more »
Treasury yields rise amid US-China trade developmentsMarket players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing .
Read more »
Stocks slip as investors monitor US-China trade talks, Target rises on earningsStocks were little changed at the open as investors weighed ongoing trade negotiations between China and the U.S. along with strong earnings from Target.
Read more »
Pompeo says China trade deal has 'got to be right': interviewU.S. President Trump will reject a U.S.-China trade deal that is not perfect, bu...
Read more »
Stocks edge lower as investors keep focus on ChinaU.S. stocks struggle for direction as investors continue to eye trade talks between Washington and Beijing while also weighing a lackluster growth target set by China’s government for the year ahead.
Read more »
Dow futures point to a flat open as investors monitor US-China trade developmentsU.S. stock index futures were marginally higher Tuesday morning with market players still focused on U.S.-China trade developments.
Read more »