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Sun May 12, 2019, 03:47 AM

China, US give conflicting reports on trade talks

https://www.dw.com/en/china-us-give-conflicting-reports-on-trade-talks/a-48704363

China, US give conflicting reports on trade talks

Date 12.05.2019

China remained positive about trade talks with the US on Saturday, despite Washington imposing a new round of tariffs. Vice Premier Liu He warned, however, that there were "issues of principle" at stake.

"Negotiations have not broken down," said Liu, China's chief negotiator in the talks. "Quite the opposite, I think small setbacks are normal and inevitable during the negotiations of both countries. Looking forward, we are still cautiously optimistic."

Liu's comments clashed with those of US Treasury Secretary Steve Mnuchin, who told broadcaster CNBC on Friday that there were currently no trade talks scheduled with Beijing.
(snip)

On Friday, Washington once again escalated its trade war by adding levies to $200 billion worth of Chinese goods. But Chinese analysts warned that the US was perhaps not prepared for what their country was willing to withstand.

An editorial in the nationalist Global Times tabloid added that now, Washington had almost no leverage left. "The U.S. has misunderstood the interests of both sides, and seriously underestimated China's endurance," the newspaper wrote.
(snip)

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Reply China, US give conflicting reports on trade talks (Original post)
nitpicker May 2019 OP
at140 May 2019 #1
Igel May 2019 #2
at140 May 2019 #3

Response to nitpicker (Original post)

Sun May 12, 2019, 09:02 AM

1. China will win this battle

Because the Chinese have patience and Americans not so much.

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Response to at140 (Reply #1)

Sun May 12, 2019, 09:49 AM

2. The Chinese leadership also has more to lose.

Chauvinism doesn't take defeat well, and they far outclass the US when it comes to chauvinism.

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Response to Igel (Reply #2)

Sun May 12, 2019, 12:28 PM

3. Right, China exports exceed USA exports

By a factor of 4. So China loses lot more in a trade war. Trump is now threatening to impose tariffs on all China exports to US. It will be interesting to see who blinks first.

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