As the Sino-US consultation in Malaysia is coming to an end, more and more news has been broken out. Judging from the information flowing out of the media, although China did not accept interviews by the media during the break, the Chinese trade delegation all seemed to be in a good mood, and the result is likely to benefit China in the end.
What kind of news has the United States revealed to the media about this trade negotiation?
The U.S. has six words.
According to the latest report from overseas media on October 26, the first round of consultations between China and the United States lasted for 5.5 hours. After the meeting, a spokesperson for the U.S. Treasury Department accepted an interview with the media and used the six characters "very constructive" to describe this Sino-US trade consultation.
In the diplomatic dictum of the United States, "constructive" has a certain security, indicates that it can talk, and the consultation is very positive, indicating that it is likely to have a major breakthrough.
Although China did not express any views on this consultation, the Chinese representative was photographed by foreign media reporters with a beaming smile on his face when he walked out of the venue, indicating that China is relatively satisfied with the content of the negotiations.
U.S. President Donald Trump said in an interview with the media that many things would be discussed between China and the United States, and it is very likely to reach a comprehensive agreement that the U.S. side could lower tariffs on China in exchange for China to resume buying U.S. soybeans.
In addition to this, there are some details to note that although the talks are likely to get a satisfactory outcome, it does not mean that a comprehensive agreement will be reached between China and the United States.
The United States is very optimistic about the negotiations, which means that this time the United States will have to make huge concessions to get some of the orders it wants, whether it is China's exports of rare earths or imports of soybeans.
The reason why Trump sent some optimistic signals was mainly to stabilize the U.S. financial market. For the sake of political achievements, he was unwilling to take responsibility for the decline of U.S. stocks.
He even boasted on social media that it was because of the tariffs that the U.S. stock rose very well.
This time the main topics discussed by the two sides are three, soybeans, rare earth, and fentanyl, so the outside world is widely speculated that the U.S. side is likely to cancel the tariffs imposed by the U.S. due to fentanyl, in exchange for Chinese soybeans orders and rare earth exports.
Will China resume imports of soybeans to the United States?
In addition to U.S. Treasury officials, U.S. Trade Representative Greer was also interviewed by the media on October 26, saying the negotiations had advanced to the final detail stage and had reached the level of review by the leaders of both sides.
Both the U.S. and China have spent a lot of time discussing the framework that could be reached in the future, and Greer believes the details of the final deal are now being pushed forward.
Therefore, it is very likely that China and the United States will reach a very comprehensive agreement.
Later, U.S. Treasury Secretary Bessant also told U.S. media that the negotiations were very substantive, important discussions were held on the procurement of agricultural products, and a very successful framework was reached and submitted to the top leaders of both sides.
From a series of expressions, it can be seen that after the end of this negotiation, China is likely to import soybeans from the United States to ease the export pressure of agricultural products from the United States.
As for what kind of price the transaction will be finally concluded and whether it will be traded in RMB, it still needs final confirmation.
However, it can be assured that since the beginning of the global tariff war by the Trump administration in April, the trade between the two sides has returned to its original point.
The Trump administration is likely to cancel tariffs on China, and China will begin to resume imports of American agricultural products. As for whether there will be other conflicts between China and the United States in the future, it should be a high probability event.
It can be said that China has won a tariff counterattack, and the most wounded group are America’s most loyal allies, who have paid a huge price on U.S. tariffs.
It also confirms the saying, "If you seek peace through struggle, peace will exist; if you seek peace through compromise, peace will perish".
For China to continue to restore the import of soybeans to the United States is also a good thing, after all, the price of Brazilian soybeans because of the Sino-U.S. relationship, has been frequently rising prices, China to restore the import of soybeans to the United States, can calm the price of soybeans, in this way to warn Brazilian soybean growers, China's supply system is very perfect, do not use this as an excuse or basis, to increase the price of China.
Secondly, the soybean agreement of the United States has been proposed to China before that it can be traded in RMB, which is a very attractive proposal for China, but whether it can be reached in the end depends on the final result of the negotiations.
Overall, this trade negotiation is entirely beneficial to China.