Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources
Source: Reuters
WASHINGTON/BEIJING (Reuters) - The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the worlds two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.
The document was riddled with reversals by China that undermined core U.S. demands, the sources told Reuters.
In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation.
U.S. President Donald Trump responded in a tweet on Sunday vowing to raise tariffs on $200 billion worth of Chinese goods from 10 to 25 percent on Friday timed to land in the middle of a scheduled visit by Chinas Vice Premier Liu He to Washington to continue trade talks.
Read more: https://www.reuters.com/article/us-usa-trade-china-backtracking-exclusiv/exclusive-china-backtracked-on-nearly-all-aspects-of-u-s-trade-deal-sources-idUSKCN1SE0WJ
nwduke
(350 posts)...and you want the financial con man negotiating for the US?
marble falls
(57,079 posts)rurallib
(62,406 posts)and I have a feeling they are about to be taken big time. China has his number.
But Trump will claim whatever they do is the "greatest ever." We will pay the cost.
NewJeffCT
(56,828 posts)to reverse the sanctions on that cell phone company, China wants Trump to bribe them
beachbum bob
(10,437 posts)them
NCjack
(10,279 posts)repeatedly take Trumpco to an almost finished agreement, trash it, and start over. And, do it again, again, etc. In the mean time, The MFer-#45 needs to find a buyer for UST paper.
Iliyah
(25,111 posts)too keen of the way USA is trying to goat Iran into war neither . . .
keithbvadu2
(36,778 posts)We see how well Dotard negotiates with Rocketman.
Trump is putting in for a hero's medal and parade after being shot down in VN by kim.
LibFarmer
(772 posts)and Trump is Daffy Duck
I don't know how to post videos here but someone else may find the one where a bomb explodes in Daffy's face as Bugs Bunny is calmly chewing on his carrot.
Perseus
(4,341 posts)He even looks like him...
Daffy Duck is a little bit smarter than Elmer, so comparing the buffoon with Daffy Duck is giving him too much credit.
LibFarmer
(772 posts)although I only saw Elmer Fudd as stupid and never nefarious.
stillcool
(32,626 posts)and the shoe fits..
"My name is Elmer J. Fudd. Miwwionaire. I own a mansion and a yacht."