Y Sheen, former CEO Answered
The recent development is signaling potential deal.
Trump fired John Bolton, who has been the major force of implementing tough policy toward China. His policies are not working on China !
Right after firing, Trump extended tariff to Oct 15.
80% of the trade deal has been negotiated and agreed upon by both China and US.
The remaining 20% is the issue:
The recent development is signaling potential deal.
Trump fired John Bolton, who has been the major force of implementing tough policy toward China. His policies are not working on China !
Right after firing, Trump extended tariff to Oct 15.
80% of the trade deal has been negotiated and agreed upon by both China and US.
The remaining 20% is the issue:
- US wants China to agree to abandon 2025 Plan, US shall be the sole technologies provider and China must stay at the low and mid stream manufacturing;
- US demands China to cut the state owned operation from 35% to 15%, and US must be allowed to have inspection on China side for the implementation of such compliances.
China has agreed to spend more money to buy US goods, mainly agricultural products, crude oil and natural gas.
China has informed US that China will NOT sign the remaining 20% which is soul selling agreement for China. China has the upper hand on many technologies fronts. State owned enterprises are playing the major role in China’s economy and taking care of own people for their medical and retirement.
US does not have any leverage to force China to agree upon the remaining 20%. So it is up to Trump to decide if US wants to sign the agreement or not.
- US demands China to cut the state owned operation from 35% to 15%, and US must be allowed to have inspection on China side for the implementation of such compliances.
China has agreed to spend more money to buy US goods, mainly agricultural products, crude oil and natural gas.
China has informed US that China will NOT sign the remaining 20% which is soul selling agreement for China. China has the upper hand on many technologies fronts. State owned enterprises are playing the major role in China’s economy and taking care of own people for their medical and retirement.
US does not have any leverage to force China to agree upon the remaining 20%. So it is up to Trump to decide if US wants to sign the agreement or not.
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