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at 7:00 ET. Why are we trading with a country that steals hundreds of billions of dollars each year from us? I say disengage from #China
and move supply chains back to the USA.— Gordon G. Chang (@GordonGChang) May 6, 2019https://twitter.com/i/web/status/1125562669577191424
To say there are conflicting reports of the U.S-China trade discussion, and possible breakdown therein, would be an understatement. However, mining through the various U.S. and China news agencies, a more clear picture emerges.
U.S. Trade Representative Robert Lighizer is quoted today: “We felt we were on track to get somewhere. Over the course of last week we have seen an erosion of commitments by China. That in our view is unacceptable.” This statement appears to be in line with reports from Beijing about Chinese negotiators: “with sources suggesting that President Xi Jinping vetoed additional concessions proposed by his negotiators.”
Bloomberg - Lighthizer - Treasury - Secretary - Steven
(Bloomberg) […] Lighthizer and Treasury Secretary Steven Mnuchin told reporters on Monday that the Chinese backsliding became apparent during their visit to Beijing last week, but that they had been reassured by their Chinese interlocutors that everything would turn out.
That changed over the weekend when China sent through a new draft of an agreement that included them pulling back on language in the text on a number of issues, which had the “potential to change the deal very dramatically,” Mnuchin said.
South - China - Morning - Post - Concurs
The South China Morning Post concurs with Mnuchin and Lighthizer’s explanations when they share:
So we see the framework of the duplicitous and conniving Chinese being duplicitous and conniving. Go figure.
Status-conflict - Alignment - World-view - Issue - Differences
Again, this status-conflict is in complete alignment with the historic Chinese world-view. It is not so much an issue with differences of opinions; the U.S. -vs- China trade conflict is actually a fundamental issue of cultural clashes.
March 2018 – […] China has no cultural or political space between peace and war; they are a historic nation based on two points of polarity. They see peace and war as coexisting with each other.
China - Accepts - Forces - Interdependent - World
China accepts and believes opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world, and they...
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