China Will Not Accept Unequal Trade Deal

danmanjones's picture

China won't accept unequal trade deal

Trump's position is that "China walked away from the deal"

Telling US media that Xi was told to accept a deal that was not 50/50 is showing a lot of ignorance of history [link]

China's position is that there are some demands they cannot meet as a matter of principle but are still willing to negotiate.


Below is a list of US demands in 2018, they read more like terms of surrrender.....


China must …

■ Cut its trade surplus by $100 billion in the 12 months starting in June, and by another $100 billion in the following 12 months.

■ Halt all subsidies to advanced manufacturing industries in its so-called Made In China 2025 program. The program covers 10 sectors, including aircraft manufacturing, electric cars, robotics, computer microchips and artificial intelligence.

■ Accept that the United States may restrict imports from the industries under Made in China 2025.

■ Take “immediate, verifiable steps” to halt cyberespionage into commercial networks in the United States.

■ Strengthen intellectual property protections.

■ Accept United States restrictions on Chinese investments in sensitive technologies without retaliating.

■ Cut its tariffs, which currently average 10 percent, to the same level as in the United States, where they average 3.5 percent for all “noncritical sectors.”

■ Open up its services and agricultural sectors to full American competition.

The United States also stipulated that the two sides should meet every quarter to review progress.

- saus


On the bright side, this will weaken the warmongering American empire and ease global warming during the economic downturn. Now that's win-win!


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blue_devil's picture

Hot milf :>

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