China has offered to go on a six-year buying spree and would increase its annual import of U.S. goods by a combined value of over $1 trillion, the world’s mainstream media has reported today.
By doing so, China would reduce its trade surplus – which last year stood at $323 billion – to zero by 2024.
The offer, made during talks in Beijing earlier this month, was met with skepticism by U.S. negotiators who nonetheless asked the Chinese to do even better, demanding that the imbalance be cleared in the next two years, according to Bloomberg.
Many observers have viewed the offer from Communist China as a “failed attempt”. In essence, Trump’s administration has wanted a structural change in the Chinese legal system to ensure Beijing regime follow the norms and rules.
This structural change actually include free internet or freedom of speech for the Chinese people. This means taking down the notorious Great Firewall. When that happens, the Communist autocratic system also collapses. That’s why the CCP won’t agree to this change.
With that, Donald Trump is offering China an opportunity to go onto the road towards freedom and democracy. He is doing what’s good and right for the Chinese people. But the Chinese communist Party (CCP) won’t let that happen.
So that’s the bigger picture, although we still like to focus on the trade war today.
On the negotiating table, the United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal, as insider sources have told. Earlier, the US side has suggested a quarterly review.
Chinese negotiators were not keen on the idea of regular compliance checks, the sources said, but the U.S. proposal “didn’t derail negotiations,” according to Reuters.
To the Chinese side, “It looks like humiliation, but perhaps the two sides could find a way to save face for the Chinese government,” the sources said.
For too long and for many times, the CCP government has “lost its face” and it no longer cares about its face in order to keep performing on stage.
As Donald Trump has said, he needs a deal but President Xi needs a deal even dearer. White House officials have repeated, “The threat of tariffs is not going away, even if there is a deal.”
Washington’s demands include changes to China’s policies on intellectual property protection, technology transfers, industrial subsidies and other trade barriers, as they are widely known. These are more in the interest of the American people.
The fact that China confers unfair legal advantages on its own companies with state support; The fact that they exclude foreign competitors almost entirely from certain markets, such as the Internet, and they fail to uphold intellectual property protections….These are more fundamental in the conflicts. If China opens its market for internet, that’s not only in the interest of the American people, but more in the interest of the Chinese people.
Here we can see clearly the logic: the US is not the enemy of the Chinese people, but the CCP is.
To the US and other nations, perhaps most worryingly, Communist China has used interactions with foreign companies for military and state security gains. Communist China not only threats the Chinese people, it has threatened the world’s civilizations. And the world now has this consensus too.
Washington Examiner reports today, “Does China cheat on trade? Definitely – and unfortunately, this proposal won’t stop Beijing from doing so. It merely indulges President Trump’s obsession with the trade deficit.
With the whistle blows of Miles Kwok, the world now knows that Communist government under CCP rule is never a government to be trusted. And thus the United States shall not be taken in by its “trillion dollar offer”.
Donald Trump has kept his eyes open. Trump’s administration has accused China of repeatedly failing to follow through on previous pledges to implement reforms sought by the United States.
At the end of last year, Donald Trump and President Xi Jinping agreed to a 90-day truce in the trade war to give their teams time to negotiate a deal. But nothing has changed on the China side. The CCP government actually has done nothing. Nearly 50 days later, there is little sign that China will make the concessions the U.S. is seeking.
But the US is really showing its sincerity. Within Trump’s administration, US officials are really working hard in order to reach a deal, although some of the officials are naiive with their thoughts.
According to Wall Street Journal, the idea of lifting some or all tariffs was proposed by Treasury Secretary Steven Mnuchin in a series of strategy meetings, according to people close to internal deliberations. They say the aim is to advance trade talks and win China’s support for longer-term reforms.
But Mr. Mnuchin faces resistance from U.S. Trade Representative Robert Lighthizer, who is concerned that any concession could be seen as a sign of weakness, these people said.
Trade adviser Peter Navarro and members of the Trump national security team generally line up with Mr. Lighthizer. Presidential adviser Jared Kushner has indicated some sympathy for lifting at least some tariffs, say those tracking the talks, but not on the scale of Mr. Mnuchin.
In past China discussions, Mr. Trump has sided with Mr. Lighthizer on tariffs, rather than Mr. Mnuchin. But this time, the president has made clear he wants a deal—and is pressing Mr. Lighthizer to deliver one, according to people familiar with the discussions.
Mr. Lighthizer has taken his oft-stated hard-line in trade talks, contending that China hasn’t lived up to past agreements and can’t be trusted to do so in the future. In the discussions with China, he has said the U.S. should remove tariffs only when China has shown it has carried out promises made during the talks.
The world will see the drama within Trump’s administration go on and on. But one thing for sure, they are all “dealing with China seriously”.
A sad story to tell that “Little Brother Talks About Politics” has been silenced on Youtube and Twitter under CCP threats from China. As they cannot seal Little Brother’s mouth, CCP police has threatened his parents in China.
For over a year, “Little Brother Talks About Politics” has helped deliver Miles Kwok’s whistle blows to millions of Chinese people. People love his style of humor very much. His silence by the CCP once again reveals the recklessness of the communist regime and that they shall never be trusted.
Looking back into China, few people are shopping at the Beijing Yintai Centre, a high-end mall in the Chinese capital’s central business district. Store clerks say foot traffic has been low, even when holiday discounts were offered. Office workers walk past empty shops like Hermes, Dolce & Gabbana and Cartier, eating fruit they have brought for lunch,according to a Guardian report today.
Property developers have slashed prices, while electronics retailers have begun offering discounts on iPhones, as the report has told.
By Cloudy Seagail