This first meeting of the central dollar, for the Chinese side, has some light feeling, but the United States seems to be somewhat restrained.
China Times News Network quoted a BBC report as saying that when China spoke, Trump seemed to be wearing a mask and had no expression. This is in sharp contrast to Trump's heroic words a day ago. On October 29, Trump was very optimistic about the meeting and seemed not to care at all about the outcome of the meeting. When asked if he would sign an agreement at the meeting, Trump said calmly that it was possible.
According to the media, Trump’s behavior demonstrates that the meeting really has a serious relationship with the United States.The reason is simple, the meeting will rearrange Trump’s trade war since April.
From the current perspective, the news of the meeting has not been much disclosed, and neither of the two sides has announced the concrete results of the negotiations.The meeting lasted one hour and 40 minutes, and did not reach three to four hours of Trump's previous public statements.
Negotiation time can be significantly reduced from two perspectives.
1. The negotiation process between the two sides went very quickly. Before that, the fifth round of trade negotiations between China and the United States had already discussed all the key issues, and the relevant framework was reached. The heads of state of the two sides met just for further confirmation.
2. The two sides did not reach specific consensus on the structural contradictions between China and the United States, but they reached agreement on some issues.
The first possibility is low, the fifth round of China-U.S. trade talks, Li Zhen Steel's statement is that the two sides have conducted in-depth and frank exchanges, and a preliminary consensus has been formed.
Interpretation means that China and the United States have negotiated many things, but many things have not reached results. However, specific consensus has been reached in some areas, and the two sides have implemented approval procedures for this internally. This also corresponds to a significant reduction in the duration of the meeting between the heads of state of China and the United States.
But it cannot be said that there is no result.Because from the information already published, China and the United States have achieved some substantial achievements.After the meeting, Trump and the two sides have agreed on a lot of things, and the United States will use tariffs to reduce tariffs in exchange for China to continue importing U.S. soybeans.
After the meeting, Trump immediately ordered the revocation of the 10% tariff imposed on the pretext of fentanyl, and the US tariff on Chinese goods dropped from 57% to 47%. Correspondingly, China placed an order for American soybeans.
Although the Fentanyl issue and the soybean issue are not the core problems of the Sino-U.S. trade war, but this transmits a very clear message to the outside world that the Sino-U.S. trade war is still "controllable", the highest level of the Sino-U.S. is still in contact, and the bilateral relations will further "stabilize".
In addition, on the return to Washington, Trump made it clear that he would visit China in April next year, and that China would return to the United States next year.
This news also releases two potential news.
1. China and the United States will continue to talk around economic, trade and tariff issues until the results are reached.
2. Sino-US relations continue to stabilize, and China and the United States will not "decouple".
For China, the United States is China's important trading partner and market; for the United States, China is an important part of the global supply chain, the main provider of American goods.
However, it needs to be emphasized that although China and the United States have reached agreement in some areas and both sides are willing to continue contact, if the United States continues to put pressure on China, whether Sino-US relations are "stable" is a question that the United States needs to take seriously.
As the Chinese side stressed at the meeting, China’s development and rejuvenation are neither an obstacle to America’s achievement of “Making America Great Again” nor a paradox, and the two sides can fully mutual achievement and common prosperity.