US-China trade: continuing the talks while making the war

US-China trade: continuing the talks while making the war

In our opinion, we should dismiss the idea that talks could breakdown, albeit uncertainties remain. On one side, in order to reach an agreement China wants the U.S. to remove all extra tariffs, set targets for Chinese purchases of goods in line with real demand, and ensure that the text of the deal is “balanced” to ensure the “dignity” of both nations.

Controversially, we are actually closer to a deal more than a few months ago, from the perspective that both sides have made concrete efforts at middle- and low-levels, with day and night works towards details and wording. In other words, we are entering the final stage but probably the most difficult part, as the remaining issues are critical and tough decisions.

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