China and President Trump will meet in November for a multilateral summits. The plan represents an effort on both sides to keep a deepening trade dispute – which already has involved tariffs on billions of goods and could target billions of dollars more.
Mid level talks are expected to begin next week in Washington. A nine- member delegation led by the Vice Commerce Chairman Shouwen and U.S by undersecretary Malpass.
The negotiations are aimed at both sides to address the trade disputes, this could lead to more rounds of talks. Relations over the last few years has soured. China has continually violated intellectual property rights by hacking our systems here. Technology theft has been a major issue for years with the U.S. continually complaining that China does this with abandon.
Look for the Trump Administration to play hardball in the negotiations. China has continually taken advantage of us in the past. A weak Obama Administration was constantly pushed around by China. Obama never a guy to rock the boat let China run roughshod over us. Trump and his administration will not allow this, a businessman knows how to negotiate. He is not a politician but a businessman. He will not stand to have China or anyone else take advantage economically over trade. The fact is China has to come to the table and China knows it. We are the biggest buyers of there products and without us, there economy goes in the tank. Trump knows this and is squeezing them into a better deal for our Country. The tariffs, as they stand now are so one-sided for China it’s almost comical. Once Trump negotiates a better deal, it will be much better for us as a nation and as individual citizens.