Cool Heads Needed as Preparations Intensify Ahead of Xi-Trump Meeting
Beijing’s momentous effort over the last month has seen Washington’s position significantly shift, resulting in Trump and his team returning to the negotiating table.
Beijing’s momentous effort over the last month has seen Washington’s position significantly shift, resulting in Trump and his team returning to the negotiating table.
Trump’s steps to quit multilateral international obligations, and initiate a trade war against several countries made it clear that to him, the Republican Party was doomed to lose control of the House.
The United States insisted on the pre-emptive clause during the negotiations with Canada after raising concerns that Prime Minister Justin Trudeau was exploring the possibility of a free trade deal with China.
Rather than seeking a chance to pursue common ground and solve differences, Pence’s speech read like a checklist of how best to antagonise, irritate and provoke Beijing.
This dialogue achieved positive results in four main aspects — creating a positive atmosphere, controlling the crisis, confirming the intentions of each side and expanding cooperation.
To conclude, there are motives from both the US and China to improve their relations, particularly trade relations, in coming months.
So how did some U.S. exhibitors view the expo?
On October 20, 2018,Trump also stated that the United States will withdraw from the US-Soviet Treaty on the elimination of intermediate-range and shorter-range missiles signed with the Soviet Union 30 years ago.
China-US relations are not in a new cold war but in a situation of intertwined competition in which their interests are tangled. This cold wrestle is aimed at finding a new equilibrium of interest between China-US through each issue.
The US, long the world’s largest destination of FDI inflows, lost the top position for the first time in decades. Its ranking slid to third, with total FDI inflows of $46.5 billion, less than China ($70.2 billion) and the UK ($65.5 billion).
China does not need and will not seek a release of pressure on commodity exports by guiding the RMB to unilaterally depreciate sharply. In fact, this is also unfavorable to China in its efforts to attract foreign investment and enhance its import capacity.
It’s impossible for the US be merciful to China, and China is certain to lower its expectations regarding cooperation with the US.