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Efforts to get the Trump administration to soften its stance on China have intensified in recent weeks.
Both outside informal advisers to the president as well as high-ranking government officials have participated in a coordinated push to get President Donald Trump to back off his threat to raise tariffs on Chinese goods from ten percent to 25 percent in the new year, according to a person briefed on the matter.
President - Trump - Dictator - Xi - Jinping
President Trump spoke with Chinese dictator Xi Jinping by telephone on November 1. The two leaders agreed to discuss trade issues when they meet at the G-20 meeting in Argentina at the end of November.
No one inside or outside the administration believes the many areas of dispute between the U.S. and China can be resolved by then. But some inside the administration are hoping the talks will lead to a “truce” between the two nations, with Trump agreeing not to escalate the tariffs while negotiations continue. Critics of this approach say it plays into China’s strategy of talking endlessly without ever making substantive concessions.
Financial - Times - White - House - National
The Financial Times reported that the White House National Economic Council, which is led by Larry Kudlow, was exploring options that could lead to a trade truce. Kudlow replaced former Goldman Sachs executive Gary Cohn as head of the council, which was long a stronghold of internal opposition to the president’s trade agenda. Cohn–who Trump nicknamed “Globalist Gary”–left shortly after the tariffs on steel and aluminum were announced.
“It is almost as if Xi Jinping wants to roll in there on his own at the G20 and see if they can’t capture Trump in the meeting,” one China policy expert told the Financial Times.
Week - White - House - Trade - Chief
Less than one week ago, White House trade chief Peter Navarro warned that Wall Street billionaires acting as unregistered foreign agents were pushing the president to cut...
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