China Has No Choice.

Robert Massimi.

China said it will not yield to US demands whether it comes to trade. in the meantime, China’s economy and stock market is way down. The U.S. economy is humming along. So for China to say they will not yield to our demands, they have no choice. The U.S. has the upper hand. Through great negotiating by the Trump Administration, China has to trade fairly or face strict consequences. By a weak China, the U.S. may have less corporate espionage because China will not want to be caught and have further restrictions placed on them. This is another reason why the president is having great approval ratings and why the American people feel that things will only get better. The Blue Collar pole yesterday was a big shot in the arm for the Trump Administration and for the president himself.

China will have to come to the table and play ball or else it will suffer greatly by the tariffs and embargo’s. Trump needs to keep the pressure on China. Turkey did not want to come to the table and their economy has tanked. Iran did not want to come to the table and their economy is up side down. The world economies are seeing just what Trump can do to them if they don’t play fair. Trump is not punishing countries just because he wants to, it is because certain countries want to hurt us economically or physically. Americans see Trump as protecting us, doing what is best for us, this is why November will will be a good month for Republicans.

SEPTEMBER 13, 2018 / 8:12 PM / UPDATED 10 HOURS AGO

China says world trade system not perfect, needs reform

BEIJING (Reuters) – The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said.

FILE PHOTO: A worker places U.S. and China flags near the Forbidden City ahead of a visit by U.S. President Donald Trump to Beijing, in Beijing, China November 8, 2017. REUTERS/Damir Sagolj/File Photo

China is locked in a bitter trade war with the United States and has vowed repeatedly to uphold the multilateral trading system and free trade, with the WTO at its center.

But speaking late on Thursday to reporters after meeting French Foreign Minister Jean-Yves Le Drian, Chinese State Councillor Wang Yi said some reforms could be good.

While certain doubts have been raised about the current international trading system, China has always supported the protection of free trade and believes that multilateralism with the WTO at its core should be strengthened, Wang added.

“At the same time, we do not believe that the current system is perfect and without flaws,” he said.

“China supports necessary reforms and perfection of the current system, including to the WTO, to make it fairer, more effective and more rational,” Wang added.

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The basic tenets of the WTO, in opposing protectionism and supporting free trade should not change, but the rights of developing nations should also not be overlooked, he said.

“The aim of reform should be to allow countries to enjoy the development fruits of globalization more fairly, not to further widen the differences between south and north,” Wang said.

WTO reforms need to include listening to voices from all parties and broad consultation, and should especially listen to a respect the opinions of developing countries, rather than just allowing “one person to have a say”, he added.

“The issue of WTO reform is extremely complex, and involves many areas. (China) hopes all parties remain patient, and advance step by step.”

His remarks come as China and the United States may return to the negotiating table with the threat of new U.S. tariffs looming. Treasury Secretary Steven Mnuchin has extended an invitation to talks to his counterparts in Beijing.

“TRUMP ADMINISTRATION SHOULD NOT BE MISTAKEN”

But China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks.

The official China Daily said that while China was “serious” about resolving the stand-off through talks, it would not be rolled over, despite concerns over a slowing economy and a falling stock market at home.

“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged,” the newspaper said in an editorial.

If the United States imposed new levies on Chinese imports then Beijing “will not hesitate to take countermeasures against U.S. tariffs to safeguard China’s interests,” it added.

President Donald Trump said on Twitter on Thursday that the United States holds the upper hand in talks.

“We are under no pressure to make a deal with China, they are under pressure to make a deal with us,” Trump tweeted. “Our markets are surging, theirs are collapsing.”

The U.S. administration is readying a final list of $200 billion in Chinese imports on which it plans to levy tariffs of 10-25 percent in coming days, which would ramp up the trade war between the world’s two largest economies.

Trump said last week that he also had tariffs on an additional $267 billion worth of goods ready “on short notice if I want.”

A meeting among Cabinet-level officials could ease market worries over the escalating tariff war that threatens to engulf all trade between the world’s two largest economies and raise costs for companies and consumers.

However, the last round of talks, between mid-level U.S. and Chinese officials in August, failed to reach any agreement.

Reporting by Adam Jourdan, additional reporting by Ben Blanchard in Beijing; Editing by Richard Pullin and Kim Coghill

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SEPTEMBER 13, 2018 / 2:12 AM / UPDATED 21 HOURS AGO

Trump denies pressure for trade deal as China welcomes U.S. talks invite

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming.

He said on Twitter that a Wall Street Journal story on Wednesday about the talks invitation from Treasury Secretary Steven Mnuchin amid rising U.S. political pressure on Trump to ease up on trade fights “has it wrong.”

“We are under no pressure to make a deal with China, they are under pressure to make a deal with us,” Trump tweeted. “Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet.”

The administration is readying a final list of $200 billion in Chinese imports on which it plans to levy tariffs of 10-25 percent in coming days, greatly expanding the trade war between the world’s two largest economies.

News confirmed by White House economic adviser Larry Kudlow that the Trump administration had invited Chinese officials to restart trade talks gave a lift to Asian stocks, including Chinese shares and the yuan currency.

Chinese Foreign Ministry spokesman Geng Shuang told reporters that China welcomed the invitation, and the two countries were discussing the details.

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“China has always held that an escalation of the trade conflict is not in anyone’s interests. In fact, from last month’s preliminary talks in Washington, the two sides’ trade talk teams have maintained various forms of contact, and held discussions on the concerns of each side,” he said.

Two people familiar with the effort said Mnuchin’s invitation was sent to his Chinese counterparts, including Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping, for talks in coming weeks, with the time and the venue still to be agreed.

“There’s some discussions and information that we received that the Chinese government – the top of the Chinese government wished to pursue talks,” Kudlow told Fox Business Network on Wednesday. “And so, Secretary Mnuchin, who is the team leader with China, has apparently issued an invitation.”

A meeting among Cabinet-level officials could ease market worries over the escalating tariff war that threatens to engulf all trade between the world’s two largest economies and raise costs for companies and consumers.

But Kudlow was non-committal over the chances of a breakthrough, adding: “I guarantee nothing.”

The last talks, between mid-level U.S. and Chinese officials on Aug. 22 and 23, failed to reach any agreement.

RAISE OR FOLD

 

Author: nobullwithragingrobert

Was a drama critic at Manhattan College. Wrote professionally for Bergen News, Sun Bulletin . Alpha Sigma Lambda, Beta Theta. Has seen over 600 shows worldwide, has published both on Theater and Politics. Avid reader on many subjects and writers. Chief Drama critic for Metropolitan magazine. Writes for Jerrick media, American conservative, The City Journal and Reason magazine. Has produced shows both on and off Broadway.

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