Please ensure Javascript is enabled for purposes of website accessibility
China Views Trade Deal as Welcome Respite in US Battle
News
By News
Published 5 years ago on
January 20, 2020

Share

[aggregation-styles]

Subscription
When US trade negotiators arrived in Beijing in May 2018 for their first round of talks with vice-premier Liu He, they presented him with a strongly worded list of demands outlining their objectives.
Chinese officials thought the tone of the complaint was insulting and would garner them sympathy at home and internationally, according to people involved in the discussions. So they leaked it to a Chinese journalist and it went viral. “We couldn’t believe how fast it got out,” one US official said. 
The document remains the best benchmark with which to measure the two sides’ “phase one” trade agreement against Donald Trump’s original aspirations for the talks — and an indication of how far the deal is from the US president’s stated ambitions.
The document began by demanding a $200bn reduction in the US trade deficit by the end of this year, compared with 2018. According to the Office of the US Trade Representative, the US had a trade deficit with China of $378.2bn in 2018. Steven Mnuchin, Treasury secretary, subsequently told US embassy staff in Beijing that deficit reduction would ultimately determine whether the negotiations had been a success, according to people briefed on his meetings in the Chinese capital. 
Read More →

RELATED TOPICS:

DON'T MISS

Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance

DON'T MISS

CA Legislature Sets Record for Women in Office and Could See Historic Gender Parity

DON'T MISS

Trump to Target Iran’s Oil Trade in Renewed ‘Maximum Pressure’ Campaign

DON'T MISS

Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’

DON'T MISS

Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old

DON'T MISS

Fresno Team Makes Low-Budget Horror Flicks Look Like Multi-Million-Dollar Productions

DON'T MISS

4B Movement: After the Election, a Call for Women to Swear Off Men

DON'T MISS

Homeowners’ Effort to Leave Sierra Unified Ends With County Ed Rejection

DON'T MISS

Will Terance Frazier’s Nonprofit Exit Granite Park? ‘Hell No’ He Says

DON'T MISS

Fresno Crash Sends Pickup Into Tree, Dark Tint Cited as Cause

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’

4 hours ago

Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old

4 hours ago

Fresno Team Makes Low-Budget Horror Flicks Look Like Multi-Million-Dollar Productions

5 hours ago

4B Movement: After the Election, a Call for Women to Swear Off Men

6 hours ago

Homeowners’ Effort to Leave Sierra Unified Ends With County Ed Rejection

7 hours ago

Will Terance Frazier’s Nonprofit Exit Granite Park? ‘Hell No’ He Says

8 hours ago

Fresno Crash Sends Pickup Into Tree, Dark Tint Cited as Cause

9 hours ago

November Has Scattered Cool Temps, Rain Showers for Fresno

9 hours ago

Beyoncé Makes Grammy History With ‘Cowboy Carter,’ Leading 2025 Nominations

9 hours ago

Macklin Celebrini, NHL’s Youngest Player, Scores on Marc-Andre Fleury, League’s Oldest

9 hours ago

Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance

Two days after the nation’s voters gave Donald Trump another term as president, Gov. Gavin Newsom staged a publicity stunt to position...

2 hours ago

2 hours ago

Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance

3 hours ago

CA Legislature Sets Record for Women in Office and Could See Historic Gender Parity

3 hours ago

Trump to Target Iran’s Oil Trade in Renewed ‘Maximum Pressure’ Campaign

The Foundation for Central Schools' 20th annual Warm for Winter event provided over 2,500 Central Unified students with spirit sweaters, thanks to community partnerships and generous donors. (Central Foundation)
4 hours ago

Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’

4 hours ago

Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old

5 hours ago

Fresno Team Makes Low-Budget Horror Flicks Look Like Multi-Million-Dollar Productions

Following the results of Tuesday's election, Jada Mevs, a 25-year-old from Washington, D.C., is urging women to take action by signing up for self-defense classes, deleting dating apps, getting on birth control, and investing in vibrators, as part of a growing response to the election of Donald Trump for a second term and the failure of abortion rights referendums. (Shutterstock)
6 hours ago

4B Movement: After the Election, a Call for Women to Swear Off Men

7 hours ago

Homeowners’ Effort to Leave Sierra Unified Ends With County Ed Rejection

Search

Send this to a friend