As we noted earlier, Secretary Mnuchin was clearly dealing with some serious stress last night as President Trump stormed about the possibility of cancelling the US-China trade pact, fuming about the uncertainty surrounding whether China plans to honor the agreement.
As the bilateral relationship deteriorates to its most caustic point since Nixon met Mao, Bloomberg reports that Chinese and US trade negotiators will speak as soon as next week on progress in implementing a phase-one deal after Trump threatened to "terminate" the agreement if Beijing didn't move to swiftly adhere to its terms.
The news was broken at around 330ameT, overnight in the US, but mid-afternoon in China. It comes as Beijing once again threatens to dump its Treasury holdings, a threat that carries added weight as US borrowing soars.
The 'virtual' meeting will feature all the key players: Chinese Vice Premier Liu and Robert Lighthizer - the respective head negotiators for their countries - will both be on the call.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
7 comments:
Make China Write off all U.S Debt !!! We paid in LIVES !!! America Ruined
China needs to be bombed off the map.
dump their treasury holdings? go ahead, or maybe we should hold them accountable for all the money we loaned them that they repuciated when it came time to pay?
Piss of china! We dont need you! polluting our lives and stealing everything possible!
What a morally bankrupt group, communists!
Death to the Reds!
In theory it sounds good. We all know they will never do this. They own so much on America, that we cannot simply do that. Although that would be the right thing to do.
How about the massive amount of innocent lives there? It is not that easy. Don't you think they want to live as well? Not every 1.4 billion people in China are happy, they are scared too.
What is this the Kindergarten Class making comments? You guys are so naive I don’t know where to begin. Stop typing. You are embarrassing yourselves and don’t even realize it!
Post a Comment