Posted on 06/29/2019 7:52:38 AM PDT by E. Pluribus Unum
14 OSAKA, Japan — President Trump and President Xi Jinping of China agreed on Saturday to resume trade talks after a seven-week breakdown, averting for now an escalation of their multibillion-dollar tariff war that has roiled global markets and threatened the future of the world’s two largest economies.
The agreement, brokered during more than an hour of discussion between the leaders, did not by itself signal any major breakthrough in resolving the fundamental conflict. But it represented a temporary cease-fire to give negotiators another chance to forge a permanent accord governing the vast flow of goods and services between the two nations.
“We discussed a lot of things, and we’re right back on track,” Mr. Trump told reporters after his session with Mr. Xi on the sidelines of the annual summit meeting of the Group of 20 nations in Osaka, Japan. “We had a very, very good meeting with China,” the president added, “I would say probably even better than expected, and the negotiations are continuing.”
Mr. Trump promised to hold off on his threat to slap new 25 percent tariffs on $300 billion in Chinese imports, and he agreed to lift some restrictions on Huawei, the Chinese technology giant at the center of a dispute between the nations.
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In exchange, he said, China agreed to buy a “tremendous amount” of American food and agricultural products. “We will give them a list of things we want them to buy,” he said.
(Excerpt) Read more at nytimes.com ...
I would say that the G20 has not been paying attention. This is exactly was I was expecting. It is called negoitiation.
Trump can take it away just as fast ,LOL
Of course you are correct, it is a negotiating move and Trump likely had today’s move in mind when he initially stopped all US sales to the company all those weeks ago.
That said, any moment we will see the usual weak Willie freepers begin there handwringing and teeth gnashing about Trump’s “cave” to China.
I’d sure hate to be in business and get whipsawed like that. I was in sales support in a couple of companies that sold to Huawei. The sales reps get hugely invested in multimillion dollar orders that simply can make or break them in a particular fiscal quarter. To be told halfway through the quarter “That deal is dead; we can no longer sell to Huawei.” means the rep has to chase other deals in the pipeline that are not progressing. Sales execs and Reps will quickly drop whatever deal is dead and swing their focus to “real” deals.
The to be told a few weeks later “Ha, ha — just kidding. You CAN sell to Huawei.” Then the sales execs and reps have to figure out “OK, do we go after Huawei again? What are the chances of the rug being pulled out from under us again?”
Don’t get me wrong. I’m sympathetic to the big picture and what Trump is trying to do. I’m just pointing out the tough reality for businesses getting jerked around like this. They no doubt feel like pawns in the big chess game of global trade policy.
It wasn’t the selling of things to Huawei that was the problem.
The problem was in allowing Huawei to enter the 5g market in the U. S. because it could facilitate security issues.
That was the pronounced issue. I’m not totally savvy enough to know if it was a justifiable concern.
The articles I’ve read on it seemed to have reasoned logic behind them, but I haven’t heard the counter argument.
I hate to say it, but President Trump made a mistake by conceding any ground at all on dealing with Huawei.
This isn’t just about trade. It’s about the indisputable fact that China is our enemy, a country devoted to supplanting us as the number-one power and taking us over, along with the rest of the world, by any means necessary.
Huawei is inseparable from the Red Chinese regime. It is determined to get its spyware into the hands of as many Americans as possible so the Chicomms can control us. For national security reasons, Huawei should not be allowed into the United States in any way, shape, manner, or form.
Bad move, Mr. President.
Een considering letting American businesses do business with Huawei or any Chinese government company is a national security risk.
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